Page 18 - Dev Chatterjee

After TPG, Piramal to sell its entire 8.34% stake in Shriram Finance

About 3.1 crore shares worth Rs 4,832 crore have been offered by the company to institutional investors

TPG sells stake in Shriram Finance for Rs 1,400 cr, Piramal to follow suit

Shriram Finance last year became India's largest non-bank lender after merger of units

Cube Highway, CPPIB, Brookfield in race to buy Reliance Infra road assets

Road asset sale to reduce Rel Infra debt by Rs 2,000 cr

Bharat Petroleum exercises RoFR to buy Videocon Oil's Brazil assets

Earlier, lenders had given conditional nod to sell 3 basins to Eneva, PetroRio

Isuzu may sell 44% stake in India unit as it exits low-profit businesses

Japanese firm, whose stake is valued at Rs 734 cr, is talking to several potential investors including JBM Auto, a media report said on Friday

Mahindra & Mahindra, Hinduja join race to buy MG Motor India stake

SAIC Motor-owned firm seeks EoIs, but no binding offers yet

Sony likely to seek forensic audit of Zee Entertainment, say lawyers

The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director

Reliance may earn $10-15 bn revenue from new energy biz by 2030: Bernstein

RIL aims to fund capex from its own cash flows and maintain net debt to Ebitda (earning before interest, tax, depreciation and amortisation) at less than 1 times (0.6x in FY23)

Gangwal family may sell up to 8% stake in Indigo via block deals by July

The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore

Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement

Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia

Listed Adani group firms' Ebitda jumps 36% to Rs 57,219 crore in FY23

The run-rate Ebitda, which consider annualisation of Ebitda from projects commissioned during the year, came in at Rs 66,566 crore

Vedanta's Rs 2,632-crore brand fee helps VRL repay part of its debt

This comes after Anil Agarwal-owned holdco raised brand fee to 2% of turnover for its India biz

Reliance Retail, 6 others submit EoIs for Future Supply Chain Solutions

The Future group's warehousing and logistics requirements are managed by Future Supply Chain Solutions and were once considered critical to the operations of the group

Adani group pulls out of M&As; plans to focus on debt prepayments

Bankers said the group's absence from the acquisition race has given an opportunity to foreign private equity players, which are keen to buy into Indian infrastructure projects

Vedanta Resources repays $1.4-bn bonds; brings down debt to $6.4 bn

Agarwal said the group has good relations with Glencore, which is a key customer of the group, and said there are no plan to sell a stake to Glencore

Mining giant Glencore lends $250 million to rival Vedanta Resources

In return, VRL pledges 4.4 per cent stake in Vedanta to Glencore

CoC clears plan to distribute funds equally to Reliance Capital lenders

Dissenting lenders to get same amount from Hinduja offer

Why Anil Agarwal-owned Vedanta group companies face high debt risk

Borrowings to pay record dividends to shareholders, including to the London-based holding company, have touched new highs

Aditya Birla group to dilute stake in financial services arm via QIP

Roadshows to raise up to Rs 3,000 cr by selling 5-7% stake in AB Capital

Bombay Burmah makes Rs 1,866-crore provisions for Go First exposure

The company owned a 33% stake in Go Airlines (India), which operates Go First, while the rest is owned by unlisted holding companies of Wadia Group