The government on Thursday sold “enemy” shares worth Rs 1,150 crore in IT major Wipro, aiming to transfer the proceeds to its disinvestment kitty. Enemy shares are called so as they were originally held by...
Lenders to ask interested buyers to submit bids for Jet till Apr 9
Lenders of troubled carrier Jet AirwaysNSE -0.12 % have decided to call buyers interested in the airline to submit expression of interest starting April 6 as part of their resolution plan. The move is fallout of lenders...
Russia’s Sberbank sees interest from potential buyers of its Agrokor stake: Sberbank CEO aide
Russia’s Sberbank (SBER.MM), a key stakeholder in Croatian food producer and retailer Agrokor, has started to receive proposals to sell its share in the firm which is emerging from a debt crisis, an aide to Sberbank’s...
IL&FS board invites buyers for stake in two of its subsidiaries
The government-appointed board of Infrastructure Leasing and Financial Services Ltd (IL&FS) has started the process to sell some of its assets to help pare the company’s debt. IL&FS will solicit expressions of...
Cautious buyers stall debt-laden IL&FS’s bid to sell subsidiaries
In the last few weeks, IL&FS directors met potential investors, trying to hard sell all key assets — from its swanky office building in Mumbai to its listed road construction company — to pare the debt worth Rs 910...
12 stressed power projects en route to NCLT as buyers pull out of talks
At least a dozen power projects including KSK Mahanadi, Prayagraj Power and Jhabua Power which were hopeful of escaping the bankruptcy process, are headed to insolvency courts. The insolvency process would be triggered...
Delta Air Lines seeks buyers for a stake in its refining subsidiary
Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary, signaling it wants a partner to shoulder the risk of running an energy business. The Atlanta-based airline...
Santander among potential buyers for SocGen’s Polish bank: sources
Santander (SAN.MC) is on a list of potential buyers of Societe Generale’s (SOGN.PA) Polish business Eurobank, two banking industry sources said. Reuters reported earlier this month that SocGen was exploring a sale of...
GSK exploring merger, share swap with potential buyers
A whopping 40% tax burden might hobble the sale of British pharma giant GlaxoSmithKline’s (GSK) Indian consumer products division and to tip toe around the hurdle it has sought potential buyers open to a merger and...
Home buyers divided on promoter takeover bid for bankrupt Jaypee Infratech
A clear divide between home buyers of realty firm Jaypee InfratechNSE -4.31 % has surfaced over the takeover bid made by the erstwhile promoters of the bankruptcy-hit firm. While two associations of home buyers wanted...
Buyers of insolvent firms with stressed arms may get to bid for other companies
The government is considering amending the Insolvency and Bankruptcy Code (IBC) to allow a person who acquires an insolvent asset that has a subsidiary with a non-performing loan to be eligible for bidding for other...
NMDC disinvestment: Institutional buyers offer bids of Rs976 crore
Institutional investors put in bids worth Rs976 crore on Tuesday for buying government’s part stake in state-owned miner NMDC. The government had originally planned to sell 1.5% stake in the company, with a green-shoe...