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VTB CAPITAL
Iran-US war pushes polymer, resin prices up 60%; plastics exporters squeezed despite ceasefireFreight rates jump up to 10x, polymer prices rise 60%, while supply disruptions and supply chain delays strain MSMEs and the sector's expor...- Sensex climbs 150 points, Nifty nears 11,950; Vedanta jumps 4%, YES Bank drops 6%Nifty Smallcap index edged 0.61 per cent to 5,824 higher in the early trade.
- VTB decides to sell pledged shares of Zee promotersVTB has roped in two global advisors, JP Morgan and Citi, for the planned share sale.
- VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loanEssel Media Venture had created pledge on 10.71 per cent stake in favour of VTB Capital in 2017.
- VTB Capital enforces certain securities rights granted to Zee lendersZEE managing director had said that none of ZEE’s shares was pledged to VTB Capital.
- Zee has been beating market on all metrics, results will show: Punit GoenkaShort-sellers are driving the market. Nobody is valuing the intrinsic value of the asset.
- Promoters now own just 22% of ZEE, says MDA little over 90% of the promoters’ shareholding has been pledged, directly or indirectly, with domestic and international lender
- Anil Agarwal indicates he is open to raising bid for Essar SteelThe bid was more than offers made by ArcelorMittal and Russia's VTB Capital-backed NuMetal Ltd in the first round.
- VTB Capital petitions Supreme Court to bid alone for Essar SteelTo become eligible, Numetal will have to pay all the dues related to its promoter and not just Essar Steel, much like its rival bidder Arce...
- Lawyers figuring out various bidding options: VTB CapitalBankruptcy laws do not allow promoters of insolvent companies to bid for their assets either directly or through consortium-type structures...
- NCLAT asks resolution professional, lenders, NCLT to hold order on Essar SteelThe appellate tribunal also admitted the cross petitions filed by Russia's VTB Capital-based NuMetal and Arcelor Mittal, two resolution app...
- NuMetal to take control of strategic pipeline of OdishaThe Mauritius-based investment vehicle has snapped a 70 per cent stake in OSPIL, which feeds raw material to Essar's Paradip steel plant.
- Ruias ready forces for a comeback at Essar SteelThe move will come under fire as the recent IBC amendment aims to stop promoters of such companies from regaining control unless they settl...
- Wall Street biggies not in top-5 M&A advisersJM Financial, UBS, VTB Capital, Kotak and Arpwood occupied the top five slots in the Bloomberg M&A list by deal value, while Morgan Stanley...
- Essar stocks fall; group signs pacts with Russian firmsShares of Essar group companies plunged over 7% in intraday trade even as Russian Bank VTB said that it will provide up to $1 billion credi...
- Russian bank to provide up to $1 bn credit to Essar GroupThe agreement to this effect was signed by Essar co- founder Shashi Ruia and VTB Chairman Andrey Kostin in presence of Prime Minister Naren...
- Rosneft says reaches preliminary oil supply deal with India's EssarRosneft has reached a preliminary agreement to supply India's Essar Group with 10 million tonnes of oil over a 10-year period.
- Copper plummets most in 5 weeks on stimulus slowdownCopper for delivery in three months fell 1.7% to $7,123 a metric tonne on the London Metal Exchange.
- Copper climbs on hopes China may ease credit curbsCopper rose in London to the highest price in almost four months on speculation China may ease credit controls as growth slows.
- Russian bank VTB to open China branchRussia's second-largest bank, VTB, said on Tuesday it is preparing to open a branch in Shanghai after becoming the first Russian bank appro...
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