Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
Airtel raises Rs 21,240 crore via QIP and FCCB
Airtel, Vodafone Idea and other telcos owe the government nearly Rs 1.47 lakh crore in past st...
Future Retail raises $500 million from international bond market
Proceeds from the offering will be utilised to purchase store assets from Fu...
Future Retail bonds get six times higher subscriptions
The bond sale would help the retailer expand its borrowing sources as Future looks to expand its retail footprint.
Renew Power seeks $300 million in bond sale
Rating agency Fitch has given a ‘BB-’ to ReNew’s proposed issue.
Birla group co Novelis to raise $1.6 bn via bonds
The bonds are likely to have eight-to-ten year maturity, and the issue is open for subscriptions in the US, three people with direct knowledge of the matter told ET.
Shriram Transport raises $500 million via offshore bonds
The company is said to have received subscription demand for nearly $2 billion from long-term asset managers in the current round of debt sale.
India to play more strategic role for Barclays
Barclays on Tuesday announced the launch of a new centre in Pune, where it would consolidate its city-based operations. The city houses about 9,000 of the company’s employees, out of the 19,000 that are a part of its global service centre in India. This is the single largest location for the bank outside its London headquarters.
Bharti Airtel gains on robust response to QIP, FCCB
Airtel is looking to raise the money through a private placement of equity shares.
Bharti Airtel receives subscriptions up to $10 billion
The QIP is likely to be priced at Rs 445 a share against the base price of Rs 435 per unit.
UK lawmakers back EU exit deal, turning page on Brexit crisis
The lawmakers voted 330 to 231 in favour of the European Union (Withdrawal Agreement) Bill, which implements an exit deal agreed with the EU last year. The legislation now heads to parliament's upper chamber and is expected to become law in the coming weeks.
Piramal said to raise $153 million for four months from Barclays
Piramal Capital was downgraded to AA from AA+ by ICRA and Care Ratings in June and July.
RIL plans to raise $2 billion foreign debt for capex
In June last year, the company raised $1.85 billion of long-term foreign loans.
View: How CLSA had the life squeezed out of it
Citic Securities is tightening control over CLSA following an exodus of employees.
Staff takeover deals in IT see retention perks
Indian IT has seen about a dozen such contracts in the past two years as clients seek their expertise for digital transformation. HCL took over the IT operations of Barclays and Broadcom, TCS of Transamerica, Wipro of Alight, and Infosys of Hitachi and Verizon.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service