Adani Ports To Buy Majority Stake In Astro Offshore For $185 Mln
Staff Reporter | 31 August 2024Astro owns 26 offshore support vessels and the acquisition is part of APSEZ’s strategy to become one of the world’s largest marine operators
Zee, Sony Units Reach Settlement On Scrapped Merger Deal
Staff Reporter | 27 August 2024The parties arrive at a comprehensive non-cash settlement and agree to withdraw all respective claims against each other
Kalyan Promoter To Acquire 2.4% Stake In Jewelry Retailer From Highdell
Staff Reporter | 21 August 2024Trikkur Sitarama Iyer Kalyanaraman agrees to acquire around 2.43 crore Kalyan shares from Highdell Investment at 535 rupees apiece
Vedanta Raises $120 Mln Through Debentures
Staff Reporter | 11 July 2024Indian conglomerate’s committee of directors approves the allotment of debentures today
L&T Semiconductor Arm To Acquire SiliConch Systems For $22 Mln
Staff Reporter | 9 July 2024The acquisition is expected to strengthen the presence of L&T Semiconductor Technologies in fabless semiconductor business
Raymond To Demerge Real Estate Business To Unlock Shareholder Value
Staff Reporter | 4 July 2024Existing Raymond shareholders will get the shares in the new listed real estate company in a ratio of 1:1
Persistent Unit To Acquire US-Based Starfish Associates For $20.7 Mln
Staff Reporter | 3 July 2024The acquisition aims to strengthen the Indian IT services provider’s position in ai-powered contact center and unified communications
Zee Media Plans To Raise $24 Mln Through Securities
Staff Reporter | 26 June 2024Indian television broadcaster’s board approves exploring options for fundraising
NCLT Allows Zee To Withdraw Merger Implementation Plea With Sony Units
Staff Reporter | 24 June 2024A division bench of Lakshmi Gurung and Charanjeet Singh Gulati allowed an application filed by Zee Group to withdraw from the proposed merger
Vedanta Shareholders Approve $1 Bln Fundraising Plan
Staff Reporter | 22 June 2024The shareholders approve special resolution on June 21 with requisite majority
Vedanta Eyes $120 Mln Fundraising Via Debentures
Staff Reporter | 20 June 2024The conglomerate’s authorized committee of directors approved proposed fundraising today
Vodafone Group Sells 18% Stake In Indus Towers For $1.83 Bln
Staff Reporter | 19 June 2024UK-based telecom operator sells 484.7 million shares of Indus Towers via book-build offering
Adani Cement Arm To Acquire Penna Cement At $1.25 Bln Enterprise Value
Staff Reporter | 13 June 2024The acquisition of Hyderabad-based Penna Cement will be fully funded through internal accruals
Vodafone Idea Plans To Issue Shares Worth $294 Mln To Two Vendors To Pare Debt
Staff Reporter | 13 June 2024Telecom operator’s board approves preferential allotment of up to 166 crore shares to Nokia Solutions and Ericsson India at 14.80 rupees apiece
Bajaj Housing Finance Plans To Mop Up $479 Mln Via IPO
Staff Reporter | 7 June 2024The mortgage lender’s board approves IPO, comprising fresh issue of shares aggregating up to 4,000 crore rupees ($479 million) and an offer for sale
Zee Entertainment Eyes $240 Mln Fundraising
Staff Reporter | 6 June 2024Zee’s board approves raising as much as 2,000 crore rupees ($240 million) via issuance of shares or any other eligible securities
Tata Steel Plans To Invest $2.11 Bln In Singapore Arm; Also Eyes $360 Mln Via NCDs
Staff Reporter | 30 May 2024T Steel Holdings will use the funds to repay existing external debt at offshore entities and to support restructuring costs at Tata Steel UK
Adani Enterprises Eyes $2 Bln Fundraise Via Shares, Other Securities
Staff Reporter | 28 May 2024Adani Enterprises will seek shareholders’ approval on 24 June to raise as much as 16,600 crore rupees ($2 billion) via shares or other securities
