Opendoor Labs Inc, the home-selling platform backed by SoftBank Group, said on Tuesday it has agreed to go public through a merger with a blank-check company led by venture investor Chamath Palihapitiya in a deal that...
Indiabulls Housing raises Rs 1,205 cr via QIP, stake sale in OakNorth
Indiabulls Housing Finance on Monday said it has raised about Rs 1,205 crore over the last few days through its qualified institutional placement (QIP) and partial stake sale in UK-based OakNorth Bank Ltd. The non...
Fiat Chrysler, Peugeot maker PSA revise merger terms due to Covid-19 crisis
Peugeot maker PSA and Fiat Chrysler (FCA) said on Monday they had restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the continuing pandemic...
SoftBank Group sets price in telco stake sale worth $11.7 billion
SoftBank Group Corp said on Monday it set the offering price for the sale of shares in wireless carrier SoftBank Corp at 1,204.50 yen per share, giving the sale value of 1.24 trillion yen ($11.7 billion) including over...
JSW Steel may bid for Gontermann Peipers as firm gets admitted to NCLT
Sajjan Jindal-controlled JSW Steel may bid for Gontermann-Peipers (India), a firm promoted by Pramod and Vinod Mittal, which was admitted to the National Company Law Tribunal (NCLT) last year. The cast and forged rolls...
Adani Green to tie up with 10 foreign banks for $1.8 billion funding
Adani Green Energy Ltd (AGEL) is looking to tie up with close to a dozen foreign banks to avail greenfield funding for its under-construction assets. The company will raise $1.8 billion for the under construction and...
NCLAT upholds NCLT order to initiate insolvency against Meenakshi Energy
The National Company Law Appellate Tribunal (NCLAT) on Thursday upheld the orders of the NCLT directing to initiate insolvency proceedings against Meenakshi Energy Ltd. A three-member bench has dismissed the plea filed...
Hexaware promoter raises $600 mn; to partially use for delisting shares
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...
Indiabulls Housing sells part of its stake in OakNorth for Rs 440 crore
Indiabulls Housing Finance, the country’s third-largest mortgage lender, has sold a part of its stake in the UK-based OakNorth Bank to HighSage Ventures, a Boston-based investment firm, for Rs 440 crore. The proceeds...
Suzuki Motor ups stake in Maruti to 56.37%, buys 284,322 equity shares
Japanese auto major Suzuki Motor Corporation (SMC), has increased its stake in Indian subsidiary Maruti Suzuki to 56.37% by purchasing shares from the market. Prior to the transaction, Suzuki held a 56.28 per cent stake...
NCLAT rejects plea challenging NCLT’s resolution plan of Uttam Value Steel
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea challenging NCLT’s approval to the resolution plan of debt-ridden Uttam Value Steel. A three-member bench has upheld the orders of the Delhi...
RMZ to sell commercial assets to Brookfield for Rs 14,000 crore
Bengaluru-based realty firm RMZ has agreed to sell its completed commercial assets portfolio and co-working business to global investment firm Brookfield for an enterprise value of around Rs 14,000 crore as part of its...
