Assets Ltd News Today

WAM Alternative Assets Ltd (AU:WMA) has released an update. WAM Alternative Assets Ltd has applied for the quotation of 327,628 new fully paid ordi...

WAM Alternative Assets Ltd (AU:WMA) has released an update. WAM Alternative Assets Ltd has announced an update to their dividend distribution, spec...

Burnhams Grovefield House Hotel has been sold in a confidential deal handled by Colliers specialist Hotels team.

Burnhams Grovefield House Hotel has been sold in a confidential deal handled by Colliers specialist Hotels team.

Beleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarat’s GIFT City, as part of its debt resolution process. The properties include offices leased to Tata Consultancy Services.

Beleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarats GIFT City, as part of its debt resolution process. The properties include offices leased to Tata Consultancy Services. IL&FS is reaching out to prospective investors to manage its debt obligations.

In a rare move, the interim budget for FY25 clubbed the governments disinvestment and asset monetisation targets, instead of declaring them separately. The combined realisation is budgeted at Rs 50,000 crore for FY25, against Rs 30,000 crore (revised estimate) in FY24 and Rs 61,000 crore in the BE for this fiscal. Of course, the combined target is still less than 2% of the governments expected non-debt receipts for FY25.

The government plans to complete the strategic sale of SCI in this fiscal. The central government is looking to sell its 63.75% stake in SCI. It is expected to fetch Rs 3,000 crore. “There is no reason that the SCI strategic sale will not happen this year,” the report claimed, quoting this official.

Listing of SCILAL, the demerged entity, expected to be completed soon

The government had earlier aimed to list SCILAL on the stock exchanges by June, but the listing process was delayed due to issues pointed out by SEBI.