With this investment, Brookfield will become a co-promoter with 24.6 percent stake, along with IndoStar Capital Mauritius having 45.2 percent holding at present. Read more at: https://yourstory.com/2020/05/funding-indostar-capital-finance-brookfield-nbfc
Bharti Airtel and Reliance Jio Infocomm, India’s top two telcos, have been pushing for an early 4G spectrum sale given the surge in demand for data and voice services, and to buy back airwaves in circles where their permits are expiring next year. Read more at: https://economictimes.indiatimes.com/industry/telecom/telecom-news/strapped-govt-to-fast-track-4-l-cr-of-4g-spectrum-sale/articleshow/76051915.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
he investment will be focussed on manufacturing SUV vehicles in the state, said a state government’s statement on Thursday afternoon. Interacting with the top lawmakers and bureaucrats of the state led by the chief minister YS Jagan Mohan Reddy, the Kia Motors senior executive said “Kia is all set to become a model for foreignContinue reading
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each. Read more at: https://economictimes.indiatimes.com/markets/bonds/adani-ports-sez-raises-rs-500-crore-through-allotment-of-ncds/articleshow/76038742.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation? Read more at: https://economictimes.indiatimes.com/markets/ipos/fpos/mukesh-ambanis-jio-listing-can-profit-from-us-china-tech-war/articleshow/76030503.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
BTL’s stake in Bharti Airtel fell to around 36% after the deal. Correspondingly, the combined 58.98% holding of Bharti Airtel’s promoter group – Sunil Mittal-owned entities and Singtel – came down to 56.23%. Sunil Mittal’s Bharti Enterprises and Singtel own 50.56% and 49.44%, respectively, in BTL. Read more at: https://economictimes.indiatimes.com/industry/telecom/telecom-news/bharti-telecom-raises-rs-8433-crores-sells-2-75-in-airtel/articleshow/76021989.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, “NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)”. Read more at: https://economictimes.indiatimes.com/industry/energy/power/ntpc-to-foray-into-distribution-keen-to-buy-majority-stake-in-brpl-bypl/articleshow/76036517.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Aditya Birla Fashion & Retail is the country’s largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country. https://www.moneycontrol.com/news/india/aditya-birla-fashion-retail-plans-rs-1000-crore-rights-issue-5322311.html
Baba Ramdev-led Patanjali Ayurveda is planning to raise Rs 250 crore by issuing debentures, in an attempt to meet its working capital requirement. https://www.financialexpress.com/market/baba-ramdev-takes-bond-street-patanjali-to-raise-rs-250-cr-in-debentures-heres-how-it-will-use-the-money/1972511/
Reliance’s rights entitlement began trading on May 20 at 151.15 rupees. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/reliances-7-billion-rights-rings-in-new-trading-venue-in-india/articleshow/76028434.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
