Idea Cellular owns 100 per cent of its 11,000 captive towers via a wholly owned arm Idea Cellular Infrastructure Services Limited (ICISL).
The consent paves the way for Hyderabad-headquartered Greenko to buy out SunEdison’s entire India portfolio — 390 MW operating solar assets and 48 MW of wind parks.
The deal would mark Greenko's entry into solar, after missing out on Welspun's solar business that Tata Power bought recently.
Why private equity funds and banks are wooing former head honchos of India Inc to manage their investments
Sixty is clearly the new 30 for many silver citizens of corporate India. Former founders and seasoned suits are much in demand as PE enters adulthood here.
The finance ministry is said to have initiated a departmental enquiry against Roy, allegedly over investments made by LIC in real estate firm Unitech in 2008-09.
Reliance Communications, Aircel merger gives birth to Rs 65,000 crore giant; talks on with Sistema for 25% stake
Upon completion, the merged entity will also rope in a third partner by diluting 25% equity. Talks have already been initiated with Sistema.
Gadhia has been part of some of the largest investment flows between the UK and India.
The matter is likely to come up for discussions at the RCom board meeting scheduled for Wednesday to consider and approve unaudited financial results for the quarter ended June.
Capital International, among the world’s biggest money managers, is said to have pulled out of a large $200-250 million order at the last minute.
HSBC, JM Financial and SBI Capital Markets – have also been selected should any of the first three runs into a conflict-of-interest situation.
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