Essel Group, the conglomerate with business interests in media, packaging and infrastructure, is looking to raise up to $1 billion by issuing dollar-denominated bonds, said two people aware of the development. The funds...
HPCL to raise Rs27,000 crore for Rajasthan refinery
State-run Hindustan Petroleum Corp. Ltd (HPCL) will shortly approach the market to raise Rs27,000 crore in debt for its 9 million tonnes per annum (mtpa) Rajasthan refinery, two people aware of the development said...
Why India Inc is on an M&A spree, preferring inorganic growth to investing in fresh projects and capacities
VS Parthasarathy, group chief financial officer of auto and farm equipment maker Mahindra & Mahindra (M&M), recalls a conversation with a supplier a few years back that was one of the inspirations behind MSquare...
Runaya Metsource to form precision applications JV with Rusal
Runaya Metsource, funded by Vedanta Group’s ‘principal shareholders’, and Russian aluminium billionaire Oleg Deripaska’s Rusal are creating an equal joint venture for precision applications, such as rocket fuels, solar...
Why did Anil Agarwal buy a part of $23 billion Anglo American
Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate...
Indian billionaire Anil Agarwal to invest up to $2 billion in Anglo American
Indian billionaire Anil Agarwal said on Wednesday he would buy a stake of up to $2 billion in Anglo-American but had no intention of trying to take control of the global miner. Agarwal, who has majority control of...
Hindustan Zinc to invest Rs 1k cr
Hindustan Zinc, one of the lowest-cost zinc producers in the world, will be investing another Rs 1,000 crore to set up two more zinc fumer plants over the next two-three years, a source close to the development said. A...
I-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays
In a relief for Cairn Energy, the tax department in India has agreed to lift the freeze on the British oil explorer being paid dividends by its erstwhile subsidiary, Cairn India. However, the company will still not be...
Orient Paper Demerger: Divide & Conquer
Orient Paper & Industries Ltd (OPIL) is India’s second largest and biggest exporter in the paper industry.Orient consumer electric business introduced revolutionary idea and the most sought after benchmark in the...
M&A HAPPENINGS AT BOMBAY HIGH COURT
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals October 2016 September 2016 Agriculture 2 - Chemicals 4 1 Entertainments - 1 Financial Services 6 7 Information Technology 4 6 Investment 2...
Cairn India to invest $100 mn in Rajasthan gas fields
Cairn India, the Vedanta group company, would be investing $100 million (Rs 67,000 crore) this year, with a focus on its Rajasthan gas fields. The capital investment is estimated for this financial year, with 80 percent...