Aditya Birla Group metals flagship, Hindalco Industries, on Tuesday announced the completion of Aleris acquisition by its wholly-owned subsidiary Novelis Inc. The deal, which closed at an enterprise value of $2.8...
NTPC to raise Rs 4,374.10 crore via bonds to fund capex, refinance loans
State-run power giant NTPC on Monday said it will raise Rs 4,374.10 crore on Thursday by issuing unsecured non-convertible bonds on private placement basis. The proceeds will be utilised for funding of capital...
RIL to raise Rs 9,000 cr via NCD issue on April 16 to refinance rupee debt
To cash in on cheap funds flooding the debt market through the targeted long-term repo operations route, Reliance Industries (RIL) plans to raise Rs 9,000 crore through sale of non-convertible debentures (NCDs) for...
Zomato may buy Grofers in all-stock deal amid buzz of possible merger
Zomato and Grofers are believed to have held preliminary talks over a potential merger according to sources, but a deal has not materialised because of the current coronavirus disease (Covid-19) pandemic. Reports of a...
L&T board approves fund raising up to Rs 9000 crore via various instruments
Engineering conglomerate Larsen & Toubro (L&T) on Thursday said the company’s board has approved fund raising plans for up to Rs 9,000 crore through various instruments, including non convertible debentures...
Coronavirus impact: Dip in valuation prompts IT firms to bet on buyouts
With valuations coming to a realistic level because of the coronavirus disease (Covid-19)-induced crisis, many IT services firms with sound balance sheets have started exploring the possibilities of acquiring companies...
Irdai grants exemptions to merged banks on corporate agency matters
The Insurance Regulatory and Development Authority of India (Irdai) has granted relaxation to merged public sector banks by allowing them to act as corporate agents of more than three entities in life, general and...
Covid-19: APAC firms likely to face nearly 33% carve-out acquisition delays
In the wake of the Covid-19 pandemic, businesses in the APAC (Asia Pacific) region are more likely to experience carve-out acquisition delays, than those in other regions. Whereas businesses APAC region might face 33...
Suzlon Energy bondholders okay resolution plan for $172 million bonds
Suzlon Energy on Monday received approval from bondholders for a resolution plan for outstanding securities of $172 million, the company said. The company had called a meeting of bondholders on April 6 seeking their nod...
Tata Sons likely to raise Rs 7,000 cr to retire old high-cost debt
Tata Sons is set to join a host of top-rated companies such as Reliance Industries, L&T, and HDFC to raise low-cost funds from banks, after the Reserve Bank of India opened a special window to infuse liquidity into...
Orchid Pharma approves amalgamation of Dhanuka Pharma with itself
The monitoring committee of Orchid Pharma Ltd (OPL) has approved the amalgamation of Dhanuka Pharmaceuticals Pvt Ltd (DPPL) into the company, and has issued 10,000 equity shares of OPL with a face value of Rs 10 each to...
LeapFrog leads $55 mn investment round in Sequoia-backed MedGenome
Sequoia-backed genetic diagnostics company MedGenome raised $55 million in an investment round led by LeapFrog Investments. Existing investors Sofina and Sequoia also participated in the round. This investment will be...
