Ultratech has agreed to pay 7,266 crore to buy Binani Cements. The highest bidder in the NCLT is Dalmia Bharat with a bid of 6,700 crore. Will the NCLT accept the bid of Ultratech?
January telecom data saw Airtel maintaining its lead with a market share of almost thirty percent. Idea added highest number of customers with almost forty four lakh customers. To decode what it means for telcos, we spoke to GV GIRI, Telecom Analyst at IIFL.
Thermax has bagged a Rs 503 Cr order from a public sector fertilizer company to set up three 20 megawatt natural gas based co-generation power plants with a timeline of twenty two months.
UltraTech Cement has thrown an offer to buy Binani Cement directly, outside of the NCLT process. Nivrita Ganguly gets us the details.
Dalmia Bharat is unlikely to revise its bid for Binani Cement. Anku Goyal joined us with the exclusive details.
Sudhir Mathur, CEO for Oil & Gas Business at Vedanta says that the company aims to produce 500,000 barrels of oil and equivalents per day.
GSPL to buy 28.40% stake in Gujarat Gas or 3.9 Cr shares in Gujarat Gas from Gujarat State Petroleum Corp.
Finance Ministry and the RBI will discuss next week the possibility of raising the FII investment limit in G-secs.
Binani Industries will seek termination of the ongoing insolvency process against Binani Cement after Ultratech Cement agreed to buy the debt-laden company.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months