State-run NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal...
Hindustan Zinc stake sale likely to be delayed by government: Report
Indian government may delay its decision to sell its stake in Hindustan Zinc until a turnaround in the sector’s fortunes, following the advise of merchant bankers, two government sources told Reuters. However, one...
NCLT to hear lessors’ pleas for SpiceJet insolvency in August
The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors...
Glencore to buy remaining 18% stake in PolyMet Mining
PolyMet Mining Corp Monday said it has accepted Glencore Plc’s proposal to buy the remaining 18% stake in the company, gaining full control of the mine development company, for about $73 million, reported Reuters...
JSW Steel mulls bidding 20% stake in Canada’s Teck coal unit: Report
India’s leading steel producer JSW Steel Ltd is mulling a bid for as much as a 20 percent stake in Canada’s Teck Resources Ltd.’s steelmaking coal business, reported Bloomberg on 15 July citing sources. According...
Swiggy enters retail food and grocery segment with LYNK acquisition
Online food delivery startup Swiggy said it has acquired LYNK Logistics Ltd, a tech-led FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial...
Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake will reach 45.6%
India’s leading telecom firm, Bharti Airtel has acquired additional 20.6% stake in the SD-WAN startup, Lavelle Networks. With this, Bharti Airtel’s total ownership will increase to 45.6% in the SD-WAN...
Nuclear startup Oklo to go public in US via Sam Altman’s SPAC
Sam Altman-backed Oklo has agreed to go public in the US through a merger with his blank check firm in a deal that values the nuclear startup at $850 million, the companies announced on July 11. Altman is bringing...
Resolution professional invites bids for Go First
As Go First draws up plans to resume flight operations, preparations are also underway to find a suitable new owner for the low-cost carrier. The airline’s resolution professional Shailendra Ajmera on Monday...
Three private equity groups in race to buy out Adani Capital
Private equity groups Bain Capital, Carlyle Group and Cerberus Capital Management are set to make binding bids in the next few weeks to buy out Gautam Adani’s six-year-old shadow bank, Adani Capital, as the billionaire...
Adani Enterprises buys 30% stake in Trainman, online train ticket booking platform
Adani Enterprises, the main company of Gautam Adani’s business conglomerate, has acquired approximately 30 percent ownership in Start Enterprises Pvt Ltd (SEPL), the parent company of Trainman, an online platform...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
