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Atlas copco to pick up 25% stake in 2 Hyderabad Cos

New Delhi, Apr 10 (UNI) Atlas Copco India Ltd today said it has entered into share purchase agreements with Prisma Roctools Pvt Ltd (Prisma) and Focus Rocbit Pvt Ltd (Focus) for acquisition of 25 per cent shares of both the companies with an option to acquire the balance 75 per cent of the shares.

Both the companies are located at Hyderabad. Prisma is engaged in manufacture and sale of DTH Hammers and Bits and Focus is engaged in manufacture and sale of Rotary Bits and complementary products and services for the surface mining segment, said a statement.

Atlas Copco manufactures compressors, construction and mining tools and equipment, power tools, and assembly systems.

UNI PBB SBA BD1740

Tom Cruise's 'coffee cup' up for grabs

New Delhi, Feb 11 (ANI): A Brazilian website is selling a coffee cup which was reportedly used by Tom Cruise while on holiday in Forte da Urca, Brazil.So far the empty cup has a sale price of 2,200 dollars, reports the China Daily.The man who initiated the auction on website Mercado Libre goes by the screen name Rafael Mak.The authenticity of the sale has, however, been contested.Underneath the advert, a poster has written a.....
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