SDM Enterprises 1.6 lk shares @ 1001.1
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Receives revised bid from Worldone of `7401 cr
`3015 cr will be payable by cash, `4,386 cr by way of assumption and takeover of liabilities
and obligations of JSPL
Bids that are better than current `7401 cr deal on the table invited
Decision taken to leave no stone unturned to realize the highest value possible from the JPL stake sale
Revised offer of `7401 Cr to be used as the base offer
JSW Steel
To make a strategic investment of Rs 750cr in JSW Paints Pri in 3-4 tranches between FY 2021-22 to FY 2024-25
United Spirits
Approved sale of shares held by the Company in Hip Bar Private Limited to Mr. Prasanna Natarajan, promoter of HipBar.
India’s foreign exchange reserves rose by $4.344 billion during the week ended April 9. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $581.213 billion from $576.869 billion reported for the week ended April 2.
Updated Apr 14, 2021 | 14:31 IST Worth mentioning here is that the Air India privatisation process got delayed due to the disruptions caused by the Covid-19 crisis. Govt poised to invite financial bids for Air India, wants seal deal by September. | Photo Credit: BCCL
New Delhi: The government is reportedly poised to invite financial bids for Air India as it wants to conclude the sale of the ailing national carrier by September. After analysing the preliminary bids, the Centre has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders.
Tata Sons the holding company of the $113 billion coffee-to-cars conglomerate Tata group and SpiceJet have been shortlisted for the bid to buy out cash-strapped Air India.
Second COVID-19 wave may delay PSBs equity raising plans
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Synopsis
Public sector banks in need of raising equity have begun preparations for share sales but the second wave of the coronavirus may delay their plans.
Agencies
Public sector banks in need of raising equity have begun preparations for share sales but the second wave of the coronavirus may delay their plans.
Bank of Maharashtra will be looking to collectively raise anything between Rs 6000 and Rs 8000 crore, but much would depend upon the market conditions.
Public sector banks would need about Rs 43,000 crore of fresh equity capital this fiscal, ICRA Ratings estimated. The government would infuse Rs 20,000 crore and the balance needs to be mobilized from the market.
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