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DIVESTMENT PROCEEDS
NSE flags regulatory, tech, AI, derivatives concentration risks in IPO papersThe National Stock Exchange raises a red flag regarding substantial financial and operational threats. Emerging regulatory frameworks, tech...
Find the best point of exit to sell PSUsGovernment disinvestment is off to a good start this fiscal year. Small stake sales in public sector undertakings are generating revenue. T...
Govt fundraising drive hits high gearThe government's push for non-tax revenue is off to a strong start, with public asset monetisation nearing 30% of last fiscal year's total ...
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
Govt plans up to 2% LIC stake sale, may raise Rs 10,000 croreThe government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding ami...
US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
RPSG, Inox, Hexa bid for Enel's renewable energy projects in IndiaThe three firms submitted their bids last week in the ₹3,000 crore enterprise value range for Enel's India business comprising renewable en...
JSW Energy sells 2.5 crore JSW Steel shares for Rs 3,150 cr via bulk dealJSW Energy on Monday said it sold 2.5 crore equity shares in JSW Steel through a bulk deal on the NSE, raising Rs 3,150 crore. Following th...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 croreBharti Enterprises will pare its stake in the company to 25% from 85% while 360 One Asset Management will sell its entire 15% holding and e...
Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crorePrudential plc is set to acquire a 75% stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd. This strategic par...
HUL is caught in a war of costs as Middle East conflict flaresHindustan Unilever celebrated a solid profit for the March quarter, yet issued a caution regarding escalating geopolitical tensions. The on...
SC issues notice to Sunjay Kapur's wife Priya Kapur on plea by his mother over family TrustThe Supreme Court has asked for a response from Priya Kapur, wife of late industrialist Sunjay Kapur, and others. This follows a lawsuit fi...
India may temporarily transfer Chabahar Port stake to an Iranian entity before US sanctions kick inIndia is exploring options for its Chabahar port stake. This comes as a US sanctions waiver nears expiry. Discussions are underway with bot...
Paris airport operator to sell up to 7.3% stake in GMR Airports in over $1 billion deal, retains co-promoter statusGroupe ADP will sell a portion of its stake in GMR Airports. The deal is valued at up to €924 million. ADP will keep its co-promoter status...
JSW Group to monetise Akzo Nobel’s land assetsJSW Group is set to generate significant funds by selling unused land from its recent Akzo Nobel India acquisition. This move could recover...
South Korea ecommerce probe opens rift in US tiesSouth Korea defended its investigation into US-listed e-commerce giant Coupang against criticism from American lawmakers. Seoul stated the ...
South Korea tells US lawmakers it will ensure no discrimination against US tech firmsSouth Korea assured US tech firms, including Coupang, of no discriminatory measures following a letter from American lawmakers. The governm...
US Fed chair nominee Kevin Warsh says he will not be controlled by TrumpKevin Warsh, nominated for the Federal Reserve leadership, assured senators he would maintain central bank independence and not be controll...
ESR secures $850 million from existing shareholders to fund Asia growthAsia-Pacific-focused asset owner and manager ESR said on Thursday it has secured $850 million in fresh equity from existing shareholders to...
Long choppy road ahead for meaningful govt divestmentsFirst and most important, ~27% of the average divestment proceeds in FY18-19 was achieved through CPSE to CPSE sale - a transaction where s...