NARCL: NARCL offers Rs 640 crore for Simplex Infra debt
The offer from the NARCL includes ₹590 crore for banks having a fund-based exposure and ₹50 crore for banks with non-fund-based exposure.
Source: indiatimes.com
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Bulk Deals | Rajiv Jain's GQG Partners buys Rs 411 crore shares in JSW Energy, Ashish Kacholia picks 5% stake in Dhabriya Polywood
Authum Investment & Infrastructure was the seller in JSW Energy.
Source: moneycontrol.com
Bulk Deals: Ascent Capital's PE fund sells 6.3% shares in Radiant Cash Management, Societe Generale picks half percent stake in RITES
Oriana Power has seen huge buying interest on its debut, rising 169 percent to Rs 317.
Source: moneycontrol.com
nclat: NCLAT reviewing dismissal of Simplex insolvency case
The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata-based Simplex Infrastructures.
Source: indiatimes.com
Eye on Bengaluru ahead of Karnataka polls: Why tech capital's 2G infra work pace needs a 5G push
Karnataka 2023 elections: The bustling city, home to tech and start-ups, is paradoxically also the land of apathetic infrastructure and a slew of unfinished flyovers, rail over bridges and underpasses.
Source: moneycontrol.com