Kirloskar Ferrous Industries, a subsidiary of BSE listed Kirloskar Oil Engines, has acquired a 51.25% equity stake in listed steelmaker ISMT Ltd triggering a 25 % open offer for shares from the public, according to...
Japan’s Mitsubishi Materials to sell aluminium business to U.S. fund
Japan’s Mitsubishi Materials Corp said on Thursday it will sell its aluminium business, used for beverage cans and automotive parts, to U.S. investment fund Apollo Global Management for an undisclosed sum...
Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share
Promoters of Anil Agarwal-led Vedanta Limited, Twin Star Holdings Limited and Vedanta Netherlands Investments BV, today bought 138.6 million shares of the company at Rs 349.7 a share, according to bulk deals data of...
Spinoff of key businesses not to impact credit quality of Vedanta Resources: Moody’s
Mumbai-listed Vedanta Ltd’s proposal to spin off key businesses into separate listed companies is unlikely to affect the credit quality of the firm’s parent Vedanta Resources Ltd, Moody’s Investors...
Government to sell residual stake in Hindustan Zinc Limited
The government will sell its stake in HZL following the Supreme Court’s decision on Thursday, a senior official said. All options of disinvestment including open market sale will be considered. “The...
Vedanta mulls demerger of some businesses with separate listing & leadership
Billionaire Anil Agarwal-led Vedanta Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it...
Govt invites bids from asset valuers for strategic sale of FSNL
The finance ministry on Thursday invited bids from asset valuers to assist the government in the strategic sale of Ferro Scrap Nigam Ltd (FSNL). FSNL, a miniratna CPSE under the administrative control of the steel...
Australia’s Newcrest to buy Canadian gold miner Pretium in $2.8 billion deal
Australia’s biggest gold producer, Newcrest Mining Ltd, said on Tuesday it would buy the rest of Pretium Resources Inc in a deal that values the Canadian miner at $2.8 billion. Newcrest has offered Pretium’s...
BHP nears $1.25 billion deal to sell controlling stake in two coal mines
BHP Group Ltd. is nearing a deal to sell its controlling interest in two metallurgical coal mines to Australian coal miner Stanmore Resources Ltd. for about $1.25 billion, according to people familiar with the matter...
Brazil’s Vale sells minority stake in Mosaic for $1.26 billion – filing
Brazilian miner Vale SA has sold a minority stake in fertilizer producer Mosaic Company for $1.26 billion, according to a securities filing on Friday. Vale said the sale was made through a secondary share offering and...
Vedanta to divest copper mine in Australia
Vedanta Ltd on Wednesday said its arm Monte Cello BV (MCBV) has entered into a term-sheet agreement to divest Mt Lyell Copper Mine in Australia. MCBV is the 100 per cent owner of the Mt Lyell Copper Mine, a small copper...
Pilbara Minerals finalises deal with POSCO for S.Korea lithium facility
Pilbara Minerals Ltd said on Tuesday it had finalised a joint venture agreement with steel giant POSCO to develop a lithium hydroxide conversion facility in South Korea, sending the Australian miner’s shares more...
