Tata Motors expects the process of hiving-off its domestic passenger vehicles (PV) unit to be completed around May-June this year, although it has not yet taken a call on a potential partner for the business, according...
Balmer Lawrie to hive-off tea biz, eyes tourism
Balmer Lawrie to hive-off tea biz, eyes tourism Diversified PSU Balmer Lawrie and Company today said it will hive-off its loss-making tea business and specialty container division as part of the company’s...
Dalmia Bharat inching its way to become Pure-Play Cement Producer
Dalmia Bharat Limited (“DBL”) has created a Vision 2031 for capacity creation plan of 110 –130 million tons from the existing capacity of 40 million tons of cement manufacturing. In a move to fund its ambitious plan...
Mirza International Limited: Unlocking Value for Whom?
The Board of Directors of Mirza International Limited (“MIL”) has recently announced a consolidation of a promoter group entity i.e., RTS Fashions Private Limited which is predominantly engaged in selling goods...
Reliance Industries restructured Jio before massive fund-raising drive
Last month we covered the articles describing the commercial aspects of Facebook & other global leading Private Equity firm’s investment in Reliance Jio. In this article, we will try to evaluate how Reliance...
NBCC leads race for Jaypee Infratech
State-owned NBCCNSE -0.50 % is seen to be ahead in the race to acquire Jaypee InfratechNSE 4.00 % under the insolvency resolution plan. The public sector construction company NSE -1.25 % has filed a higher financial bid...
ABB to exit Power Grid Business; Focus on New Technologies
ABB, Swiss-Swedish multinational corporation headquartered in Zurich, Switzerland, is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving...
Vodafone Idea transfers fibre network assets to subsidiary
Vodafone Idea (VIL) has transferred its fibre network assets to a wholly-owned unit in the run-up to their early sale aimed at bringing in additional cash that it desperately needs to take on competition from Bharti...
Punjab National Bank sells its entire stake in Icra for Rs109 crore
Punjab National Bank has sold its entire stake in ratings firm Icra Ltd for a consideration of Rs109 crore. “The bank has sold its entire stake of 3,30,000 shares of Icra Ltd through block deal at exchange platform for...
UltraTech acquires Century Textiles’ cement business
The Board of Directors of Century Textiles and Industries Limited (Century) had approved a Scheme of Arrangement between the Century, UltraTech Cement Limited (UltraTech), and their shareholders and creditors for the...
TALWALKAR BETTER VALUE FITNESS LIMITED HIVE OFF GYM BUSINESS
The fitness industry in India is largely an unorganized, fragmented and unstructured sector. More recently, it has been witnessed that many mom-and-pop structures are making way for organized retailing in the gym...
Bharti may hive off telecom facilities
Bharti may hive off telecom facilities Bharti Airtel is looking at hiving off its telecom infrastructure into four companies to attract strategic and financial investors. Telecom infrastructure includes physical...