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Alfa Laval, Dena Bank Move Up

May 16, 2007

Alfa Laval AB, a world leader in heat transfer, centrifugal separation and fluid handling, had on 26 February 2007 announced a public offer to increase its holding in Alfa Laval India to 90% at Rs 875 per share. The Alfa Laval Group currently holds 64% in Indian company.

State run Dena Bank gained 11.62% to Rs 45.15 on market talks of its takeover by Canara Bank. The talks are at advanced stage and Canara Bank is reported to have appointed Ernst & Young to explore the possibility

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