NEW DELHI: The government is yet again looking to monetise its stake in Hindustan Zinc and may suggest a share buyback offer to the company controlled by Vedanta’s Sterlite Industries besides seeking a special...
Union Cabinet to consider strategic stake sale in PSUs tomorrow
NEW DELHI: The Union Cabinet is likely to consider tomorrow the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones. The Cabinet will tomorrow consider the NITI Aayog...
Shareholder apathy is the only takeaway in Hinduja group merger
Many Indian promoters have been accused of running their listed entities like their private ones. Decision making is restricted to the promoter and his carefully selected board members. Shareholder interest seems to be...
Merger news is like a falling knife for stocks; how to make money in M&A
NEW DELHI: There have been a number of merger and acquisition announcements in recent times, some of which have sent the stocks crashing. Be it the announcement of a merger between Reliance Communications and Aircel or...
Birla Group’s yet another Restructuring favoring Whom?
Aditya Birla Group always tries to expand their business inorganically. From the acquisition of cement business from L&T to the consolidation of retail business in last year, Aditya Birla group relentlessly tries to...
Anglo American rebuffs Anil Agarwal’s merger plan
Anil Agarwal, who has majority control of Hindustan Zinc through Vedanta, contacted Anglo American to discuss potential ideas including a combination with the Indian zinc miner. New York/London: Anglo American Plc, the...
Anglo American rebuffs merger interest from India’s Agarwal: Bloomberg
Anglo American Plc (AAL.L) has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter. Agarwal, who has majority control of Hindustan...
IFCI: Is it destined to remain single?
IFCI: Is it destined to remain single? Be it a stroke of luck or a jinx — the country’s oldest financial institution IFCI will remain single thanks to all the failed efforts to find a suitor or a partner to...
Is IFCI destined to remain single?
Is IFCI destined to remain single? Be it a stroke of luck or a jinx, the country’s oldest financial institution, IFCI, will remain single , thanks to all the failed efforts to find a suitor or a partner to merge...
Sterlite may increase Hindustan Zinc stake
Sterlite may increase Hindustan Zinc stake Indian billionaire Anil Agarwal’s London-based resources group may raise its stake in Hindustan Zinc to strengthen control of the South Asian nation’s largest...
Anil Agarwal ready to buy out govt in HZL, Balco; to meet FM
Vedanta Resources Chairman Anil Agarwal today said he is ready with Rs 8,000 crore for buying the government’s residual equity in Balco and Hindustan Zinc, for which he will meet the Finance Minister this month...
Asarco creditors support Sterlite bid
Committee of unsecured creditors mobilises members; says the offer outscores others. Asarco’s unsecured creditors will support Sterlite Industries, the flagship firm of London-listed Vedanta group, in the bidding...