The government is considering to sell the remaining 15% stake in multiple tranches, and the Telecom Consultants India Limited (TCIL) would share proceeds of Bharti Hexacom’s debut initial public offering (IPO) as a...
Russian government approves $1 billion sale of Sakhalin Energy stake
The Russian government has approved the sale of a 27.5% stake in Sakhalin Energy to an entity called Sakhalin Project for 94.8 billion roubles ($1.03 billion), a government order showed on Monday. Sakhalin Project is...
Jacobs poised to merge government consulting unit with Amentum
Engineering consultant Jacobs Solutions Inc. is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc., people familiar with the...
Mankind Pharma and Baidyanath Ayurveda in race for government’s IMPCL
Mankind Pharma and Baidyanath Ayurveda are among the companies that have submitted expressions of interest (EoIs) to acquire 100% of government-owned Ayurveda company Indian Medicines Pharmaceutical Corporation (IMPCL)...
Government invites bids for asset values for IDBI Bank disinvestment
The government has invited bids to engage an asset valuer for the strategic disinvestment of IDBI Bank. The government and the LIC are selling about 61% stake in IDBI Bank and multiple expressions of interest (EoI) for...
Government proposes to sell up to 5.36% stake in Rail Vikas Nigam
The government will offload a 5.36% stake in state-run Rail Vikas Nigam Ltd (RVNL) through the offer-for-sale (OFS) route, which includes a green shoe option of 1.96%, a top official said. “Offer-for-sale in RVNL opens...
Hindustan Zinc stake sale likely to be delayed by government: Report
Indian government may delay its decision to sell its stake in Hindustan Zinc until a turnaround in the sector’s fortunes, following the advise of merchant bankers, two government sources told Reuters. However, one...
Government proposes to sell 3% stake in Coal India
The Indian government is proposing to sell up to a 3% stake in state-owned miner Coal India Ltd at a floor price of 225 rupees per share, it said in a notice on Wednesday. The Offer for Sale (OFS) will be open for...
US government appeals approval of Voyager sale to Binance.US
The U.S. Department Justice has appealed a court order approving Voyager Digital’s bankruptcy plan, creating a new hurdle for the crypto lender’s plan to sell its assets and transfer its customers to Binance...
Egypt offers to sell 10% government stake in Telecom Egypt – sources
Egypt is offering to sell a 10% stake in state-controlled Telecom Egypt, sources with knowledge of the offer said on Monday. The sale of state assets would be one of the first to buyers other than Gulf sovereign funds...
Government may delist MTNL to merge with BSNL
The government is looking into the process of delisting state-run telecom carrier Mahanagar Telephone Nigam Limited (MTNL) ahead of the merger with another state telecom firm Bharat Sanchar Nigam Limited (BSNL). “The...
Government against $3 billion Vedanta international zinc business sale to Hindustan Zinc
The government has raised objections to Vedanta Resources’ proposal to sell its international zinc assets for nearly $3 billion to Indian subsidiary Hindustan Zinc (HZL), people aware of the development told ET...