Hexaware Technologies’ promoter HT Global IT Solutions Holdings has availed USD 600 million by pledging more than 18 crore shares of the company, which is set for voluntary delisting from the stock exchanges. HT...
Vedanta raises $1.4 bn via bonds to fund delisting of Indian flagship firm
Vedanta Resources Ltd on Thursday said it has raised $1.4 billion (around Rs 10,500 crore) via bonds, which would be primarily used to fund the delisting of its Indian flagship firm. “Vedanta Resources Ltd (VRL)...
Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price
A group of minority shareholders of Jaypee Infratech has moved the National Company Law Appellate Tribunal (NCLAT) seeking fair compensation in the delisting process of the debt-ridden firm. The...
Adani Power gets shareholders’ nod for Rs 3,264-cr delisting proposal
Adani Power on Friday said it has received shareholders’ approval for its Rs 3,264-crore delisting proposal. Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from...
The new way of Delisting of Operations
In June 2020, Board of Directors of Zuari Agro Chemicals Limited (ZACL), the agriculture vertical of the Adventz Group, announced their plan to sell off the company's fertilizer plant in Goa to unlisted joint venture...
Airbnb approached about blank-check company merger for public listing: CEO
Home rental startup Airbnb has been approached about going public through a merger with a blank-check acquisition company, a novel way of listing on the stock market that is gaining traction, co-founder and chief...
Adani Power board approves ₹3,264 crore delisting plan
The board of Adani Power has approved a proposal to delist company shares from stock exchanges, the Adani group firm said on Monday. The company has worked out the floor price of ₹33.82 per share to buy 96.53 crore...
Adani Power appoints merchant banker for due diligence on delisting plan
Adani Power board has appointed a merchant banker to finalise its delisting plan, the company informed the bourses on Wednesday. The billionaire-Gautam Adani led company said its board has taken on record the delisting...
LIC listing, IDBI Bank stake sale may be postponed
Listing of Life Insurance Corporation (LIC) and sale of government’s stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic. The government aims to garner Rs 90,000...
Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing
ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of...
Anil Agarwal in talks with banks to raise up to $2.5 bln for Vedanta delisting
Vedanta Ltd’s promoter Anil Agarwal is in talks with several banks to tie up loans worth $2.0 billion-$2.5 billion to help finance the delisting offer of Vedanta. On 12 May, Vedanta Resources, the promoter entity...
Nasdaq to tighten listing rules, restricting Chinese IPOs – sources
Nasdaq Inc is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its stock exchange, people familiar with the matter said on Monday...