Vedanta Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of non-convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
Bharti Airtel gets shareholders nod to raise up to $3bn in equity, debt
Shareholders of Bharti Airtel have approved proposals to raise up to $ 2 billion in equity and another $ 1 billion in debt. The proposal for issuance of securities for amount up to $ 2 billion received 99.99 per cent...
Dutch brewing giant Heineken likely to raise stake in United Breweries
Dutch brewing giant Heineken is likely to increase its stake in the United Breweries (UBL) in its bid to attain controlling stake of 51 per cent or more from the current level of around 46 per cent in the beer company...
Bidding for Emami Cement to commence mid-Jan, Ultratech ahead in race
Bidding for the acquisition of Emami Cement is likely to commence by mid-January with the Aditya Birla Group’s UltraTech Cement leading the race at an offer price of Rs 6,500-7,000 crore in an all-cash deal, sources...
Dr Reddy’s gets nod for amalgamation of Dr Reddy’s Holdings into company
Drug major Dr Reddy’s Laboratories on Friday said it has received shareholders nod for proposed amalgamation of Dr Reddy’s Holdings Ltd into the company. The resolution for the scheme was approved by 99.98...
Jet Airways lenders give time till January 15 for submission of EoIs
Lenders to the beleaguered Jet Airways have extended the deadline for submitting fresh expressions of interest (EoIs) to January 15 amid reports of Hinduja Group showing interest in investing, sources privy to the...
Sajjan Jindal’s JSW Energy inks pact to restructure Rs 752 cr debt on JPVL
JSW Energy on Thursday said it has entered into a pact with Jaiprakash Power Ventures Ltd (JPVL) to restructure outstanding debt of Rs 751.77 crore owed to the company. Under the pact, an amount of Rs 351.77 crore will...
RCom creditors may seek extension of debt sale till February end from NCLT
Reliance Communications’ committee of creditors is likely to seek extension of debt sale process beyond January 10 till February-end from the National Company Law Tribunal, according to sources. The committee of...
MTNL starts process to monetise assets worth Rs 23,000 cr through DIPAM
State-run telecom firm MTNL has started the process to monetise assets worth Rs 23,000 crore as it aims to turn profitable in the next fiscal year, a top official of the company said on Thursday. The company has already...
Rattan India Amravati finds saviour in Goldman Sachs, Varde Partners
Rattan India’s Amravati power project (1,350 Mw) has concluded its debt restructuring with new lenders coming on board. Goldman Sachs and Varde Partners will take over Rs 4,050 crore of the total debt from existing...
Billionaire Hinduja brothers set to bid for Jet Airways by Jan 15: Report
The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter. The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to...
DHFL administrator calls creditors’ meet on Monday to discuss resolution
The Reserve Bank of India-appointed administrator of the crippled Dewan Housing Finance Ltd (DHFL) called for a meeting of its creditors for the first time on Monday after the mortgage lender was admitted for insolvency...
