India’s largest power producer NTPC Ltd aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said...
DIPAM extends last date for submission of EoI for IDBI stake sale
The Department of Investment and Public Asset Management (DIPAM) on Wednesday extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of IDBI Bank to January 7 next year from...
KFin promoter to offload small stake via secondary sale
KFin Technologies’ (KFintec) initial public offering will open on Monday, December 19. This issue will be an offer for sale by the promoter General Atlantic Singapore to offload stake amounting to ₹1500 crore through...
Govt plans to invite EoIs for divestment of RINL by Jan-end
The government is planning to invite expressions of interest for the divestment of Rashtriya Ispat Nigam Limited (RINL) and its subsidiary by the end of January 2023. Tata Steel, JSW Steel and Adani Group have shown...
Dalmia Bharat to acquire Jaypee Group’s cement assets for Rs 5,666 crore
The Jaypee Group on Monday said that a binding agreement had been signed to sell the group’s cement business to Dalmia Cement (Bharat) Ltd at an enterprise value of Rs 5,666 crore. The binding agreement has been signed...
Pristine Malwa gets court nod for resolution plan of CCD arm
The bankruptcy court of Chennai has approved a resolution plan by Pristine Malwa Logistics Park for Sical Logistics Ltd, the bankrupt subsidiary of Coffee Day Enterprises. Pristine Malwa proposed a ₹521-crore resolution...
How HDFC, HDFC Bank merger will shake up India’s debt market
India’s biggest merger ever will likely take away from the rupee bond market one of its top issuers, an absence that may weigh on debt sales and arrangement fees for banks. The consolidation of Housing Development...
Tamo approves partial divestment possibility in TTL
Tata Motors’ board has accorded in -principle to the company to consider partial divestment of its stake in Tata Technologies, which is due to go public In the current fiscal year (FY23). “…..the IPO...
Jaiprakash Associates board meet to sell cement units on Monday
Jaypee group’s Jaiprakash Associates has called a board meeting on Monday to take a decision to sell its Nilgrie cement unit in Madhya Pradesh. Dalmia Cement is a frontrunner in the race to acquire the company...
NTPC plans to sell PTC stake, hires consultant
State-run power major NTPC Ltd is planning to sell its stake in India’s largest power trading firm PTC India Ltd, two people aware of the matter said. India’s largest power generation firm has appointed a consultant for...
Govt may revise offshore M&A regulation threshold
The government is likely to periodically revise the proposed ₹2,000 crore deal value threshold for mandatory Competition Commission of India (CCI) approval for global mergers and acquisitions with an India play...
V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore
V-Guard Industries (V-Guard) is going to acquire 100% stake in kitchen appliance company Sunflame Enterprises for a deal pegged at Rs 660 crore on a cash-free and debt-free basis. The definitive agreement was signed on...
