Page 63 - Squared Capital News Today

Vedanta share rises 5% on plan to buy stake in BPCL Vedanta share price touched an intraday high of Rs 153.4, rising 5.25% on BSE against the closing of Rs 145.75. The stock also touched an intraday low of Rs 146.60, after opening at Rs 147 BusinessToday.In | December 16, 2020 | Updated 17:42 IST Market capitalisation of the lender stood at Rs 54,940.17 crore Shares of mining-to-oil conglomerate Vedanta jumped over 5% in Wednesdays early session on BSE following media reports that said the com...

BPCL sale: Anil Agarwals Vedanta in talks with banks to raise $8 billion Vedanta had put forward preliminary EoI for buying a 52.98 per cent stake in BPCL in November; govts high-powered committee evaluates bids from Vedanta and other two private equity firms, Apollo Global and Think Gas BusinessToday.In | December 16, 2020 | Updated 11:46 IST Last month, the government, at the close of bidding, had stated that "multiple" EoIs had been received for BPCL After showing interest in state-owned Bh...

Shares of Vedanta Ltd on Wednesday were up by about 3% at 149.75 on the Bombay Stock Exchange at around 11.45 am. The government is selling its entire 52.98% stake in Indias second-largest fuel retailer as part of its plans to raise a record Rs 2.1 lakh crore from disinvestment proceeds in 2020-21 (April 2020 to March 2021). Tuhin Kanta Pandey, secretary, Department of Investment and Public Asset Management (DIPAM), which is handling the strategic sale, had tweeted on November 16 that the trans...

TIP Appoints Arjen Kraaij as Deputy CEO TIP, a portfolio company of I Squared Capital and one of the leading truck and trailer leasing, rental, maintenance and repair providers across Europe and Canada appoints Arjen Kraaij as Deputy CEO. This follows the successful acquisition and integration of two large industry leasing companies in Europe and Canada and will position TIP well for the future. This press release features multimedia. View the full release here: https://www.businesswire.com/new...

BPCL to consider 100% ownership of Bina refinery FE Bureau © Provided by The Financial Express The BPCLstock closed at Rs 398.7 on the BSE on Tuesday, falling 1.74% over Mondays closing. Clearing the decks for the privatisation process, state-run oil refiner and marketer BPCL on Tuesday said the company’s board would on Wednesday take a call on buying a 36.6% equity share in Bharat Oman Refineries (BORL) - the unit that runs the 7.8 million tonne Bina refinery - from OQ S.A...

Farmers protest: Govt likely to seek Cabinet nod for MSP assurance The Central government might seek a Cabinet approval for an executive order on securing minimum support price (MSP) to break the logjam on the three farm laws, sources have said. With Air India bid, Tatas hope to give wings to their aviation dream Nearly two decades after its plan to take over Air India was scuppered by political and employee protests, the Tata group is taking another shot at acquiring the national carrier. ...

Will Vedanta benefit from massive diversification? While the timing seems to be perfect as the economy is in a bounce-back phase, the investors and analysts are concerned about the debt of the parent company Vedanta Resources Nevin John | December 15, 2020 | Updated 17:19 IST Billionaire Anil Agarwal-led Vedanta groups aggressive diversification into new segments through acquisitions has raised investor confidence though there are worries related to debt. The metals and mining giant is in the ...

BPCL bid evaluation committee to meet today; Vedanta, Apollo Global in fray On Tuesday, the panel will see transaction advisor Deloittes report on the scrutiny of the three bids that were received at the close of bidding last month PTI | December 15, 2020 | Updated 07:58 IST A high-powered committee will, on Tuesday, evaluate preliminary bids received from mining-to-oil conglomerate Vedanta and private equity firms Apollo Global and I Squared Capitals arm Think Gas for buying the governments 5...

The main Wall Street indices closed mixed overnight as the first US vaccination was given to an intensive care nurse on Monday, the same day the country passed the grim milestone of 300,000 lives lost. The S&P 500 closed down 0.4 per cent, the Nasdaq gained half a per cent and the Dow hit a record high but fell back 0.6 per cent for the day. Asian stocks also came under pressure on Tuesday as concerns about increasing Covid-19 deaths, infections and lockdowns overshadowed optimism about the ...

Share: I Squared Capital, a leading global infrastructure investment manager, announces that it has entered into an agreement to sell Grupo T-Solar to Cubico Sustainable Investments Ltd, the renewable energy specialist jointly owned by Ontario Teachers Pension Plan and PSP Investments, for a total enterprise value of €1.5 billion. "Our objective during our stewardship of T- Solar was to improve operations, grow the platform and establish T-Solar as a leader in renewables energy in Spain. We w...