The move will also give JSW a natural hedge for its exports business.
GSK CH’s sales are down from Rs 4,683 crore in FY14 to Rs 3,986 crore in FY17.
They are unhappy over the deal undervaluing the worth of the hospital business significantly. They also complain that the valuation of Manipal is not transparent.
P/E compression could amplify in the indices where premiums are higher than their long-term averages.
Indian markets have seen a fall in each of the last two expiries – February and March.
Analysts expect double digit growth in the profits of the leading steel companies.
The company has robust financials, but its biggest biggest customer is the government.
The demerger process requires the approval of both National Company Law Tribunal and WBERC.
LIC has been an investor in several companies which are in the list of applications admitted by NCLT under the Insolvency and Bankruptcy Code (IBC).
The central bank’s munificence has prompted Power Finance Company, IRFC, Nabard to tap the bond market again.
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