|
JSW Group has secured 9,300 crore to acquire Akzo Nobel India. The funding includes debt and convertibles. Foreign lenders and domestic mutual funds are participating. JSW Paints will raise operating company debt. Convertibles are at the JSW Group level. Sajjan Jindal Family Trust sold a stake in JSW Infrastructure. The deal aims to make JSW Paints India's fourth-largest paint company.
Category:
News and Media
Lenders for the debt-ridden GVK Power and Infrastructure are initiating a second insolvency process, opting to sell individual assets like land parcels, power units, roads, and the Mumbai airport stake. This strategic shift aims to attract specific bidders and maximize asset value, following a previous unsuccessful attempt due to non-compliant resolution plans.
Category:
News and Media
Hemang Jani suggests favoring Swiggy, Eternal, or Policybazaar over Nykaa among new-age companies, citing Nykaa's lackluster performance. He anticipates stable market conditions with a focus on the upcoming earnings season and potential sector rotation. While IndusInd Bank shows revival signs, Jani expresses near-term caution on the banking sector as a whole.
Category:
News and Media
Asian Paints shares rose 8.3% in a week, driven by falling crude prices and improved margin outlook, despite a CCI probe into alleged market abuse. Strong technical signals support near-term gains, but regulatory risks persist.
Category:
News and Media
Shares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications loan as fraud, implicating Anil Ambani. The move, based on a 2020 forensic audit, alleged diversion of Rs 12,692 crore. Ambanis legal team called the action ex parte and unjust, claiming it violates RBI norms and court rulings while ignoring his objections for nearly a year.
Category:
News and Media
Sites : [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] next »