Indian primary market is in danger of grinding to a complete halt for 2020.
Blackstone has acquired 4.01% stake in Mphasis for about Rs 525 crore ($69 million) after its share price fell more than one-third from its year-high in mid-March in a widespread market sell off because of Covid-19
The road transport and highways ministry had on March 25 directed the National Highways Authority of India to suspend toll collections across India till April 14.
The board of CG Power and Industrial Solutions removed its founder chairman Gautam Thapar last August amid pressure from investors and lenders after a probe revealed financial and governance irregularities in the company.
Bandhan, Kotak Bank, IndusInd, PEs approached for the sale process and the deal is likely to value company at $2.5 billion.
The move comes after the government removed the tax barrier for private placement of InvITs in the budget, putting them at par with publicly listed ones. Cube will hive off its operating assets into an infrastructure investment trust or InvIT and place it privately with other investors, said three people with direct knowledge of the development.
Punita Sinha, wife of former aviation minister Jayant Sinha, will be the chief investment officer of InCred, which is looking to expand to a full-service financial services company from retail and MSME focused NBFC, multiple sources with knowledge of the matter told ET.
Sinha, wife of former aviation minister Jayant Sinha, will be the chief investment officer of In-Cred, which is looking to expand to a full-service financial services company from retail and MSME focused NBFC, multiple sources with knowledge of the matter told ET.
A clutch of private equity funds, including Apax Partners and Kedaara Capital, are in early stages of discussions to acquire US-headquartered IT and services (ITES) company CSS Corp.
Tata Power’s near 3-gigawatt renewable energy portfolio is valued at $2.2-2.5 billion, they added.
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