Future Group's Kishore Biyani is set to raise about Rs 800 crore by unlocking value in two insurance joint ventures with Italy's Generali Group.
The private equity fund will pay Rs 200 crore for the stake, valuing the vehicle financing company at Rs 1,000 crore.
It makes sense to look at India now, says Jayanti Bajpai, head of Asia Pacific corporate and investment banking, Bank of America Merrill Lynch
There’s a lot of confidence in the Finance Minister. He’s done this before. He is very seasoned, and the investors love that.
GMR has decided to exit its first independent power project (IPP) outside India by selling the entire 70% stake in its Singapore plant.
Loans get rolled over or restructured on mutually agreed and convenient terms under the corporate debt restructuring mechanism.
“The pact can be used to cancel the contract and recover all the money paid till that point, as can now be done in this case,”
The Rs 3,760-crore helicopter scam may affect India expansion plans of Finmeccanica, whose subsidiary AgustaWestland is at the heart of the affair.
Pronab Sen, the former principal advisor to the Planning Commission, is likely to be appointed as the chairman of the National Statistical Commission (NSC).
Lafarge India — which plans to shed a minority stake to raise Rs 1,325 crore and fund it expansion plans — is looking to complete the stake sale process by March this year.
The development highlights renewed interest of global aviation & airport development cos in India as an investment destination.
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