In the market, three PE firms in race make offers for acquiring up to 44% in SRL, valuing the diagnostics arm of Fortis at Rs 3,700-4,200 crore, though deal size will depend on quantum of stake finally acquired. Incoming investors will have to fork out at least Rs 1,750 crore but the final deal size will depend on how much stake they eventually acquire
Hero Corp may be picking up a stake of 10-15% or more in insurance bigwig Max Financial Services.
Indus Towers shareholders Vodafone Group & Voda Idea reluctant to extend date unless pricing mechanism is revised. Bharti Infratel and a 42% owner of Indus Towers, is not keen on revisiting the pricing mechanism.
The proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale of shares.
PTC India is promoted by stateowned power utilities NTCP, Power Finance Corporation, NHPC and Power Grid Corporation of India.
The deal, at a little over Rs 32 crore an acre, is the costliest transaction in the neighbourhood that is about 16 km away from DLF Cyber City.
It will be the first pure play credit card company to be listed in India.
Company houses chain of 1,750 stores, 600 Value Express kiosks; deal unlikely to include 60,000 vending machines.
Hero Corp leads the race; Founding member Analjit Singh in talks to raise as much as Rs 1,200 cr
In the first part of the deal, Radiant Life Care had acquired 49.7% stake in MHIL for Rs 2,136 crore from South African firm— Life Healthcare.
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