Lower rates do not necessarily result in sustained economic growth and is not an effective way to stimulate economies or growth, says Schwarzman.
The 14-year-old sovereign wealth fund of the oil-rich Gulf nation could invest as much as Rs 3,000-4,000 crore for a minority stake of 20-25% in the business.
Arbitration panel gives time till Oct 30 to GVK to bring in investors.
The move is likely to trigger an open offer for another 26% of the share capital of the company.
Pips Energizer in race to buy co’s battery and flashlight business for Rs 1,600-1,700 crore.
A GVK source said AAI hadn’t exercised its RoFR in time and there was no question of the state-owned company entering the fray.
PE group may pick up 6-7% of Aditya Birla Capital; ABCL board to meet on Thursday to approve fundraising deal.
DHFL’s lenders will transfer Rs 30,000-32,000 cr of its Rs 42,000 cr wholesale loans outstanding to SPVs.
Eye minority stake in Biocon Biologics; unit may be valued at $4 billion, higher than the market cap of Biocon.
The Oppenheimer offer is believed to be better than the Comcast led consortium's offer.
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