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CCI nod for Blackstone's acquisition of Piramal Glass - The Hindu BusinessLine


CCI nod for Blackstone’s acquisition of Piramal Glass
February 23, 2021
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At an enterprise valuation of about $ 1 billion, this deal is the largest ever transaction for a packaging company in India
The Competition Commission of India (CCI) has approved the Blackstone Group Inc’s deal to acquire Piramal Glass, which is a unit of the billionaire Ajay Piramal-led Piramal Group.
At an enterprise valuation of about $ 1 billion, this deal is the largest ever transaction for a packaging company in India. Piramal Glass designs and manufactures glass packaging products for speciality food, beverage, cosmetics and perfumery and pharmaceutical industries.
“Commission approves acquisition of manufacture and sale of glass packaging business of Piramal Glass and shareholding in its subsidiaries; Vivid Glass Trading & certain businesses of Ansapack Private Limited by PGP Glass (an affiliate of Blackstone Group)”, the CCI tweeted. ....

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Reliance Industries, Piramal Enterprises, UltraTech Cement: Top stocks for Investors today


Reliance Industries, Piramal Enterprises, UltraTech Cement: Top stocks for Investors today
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Story: The stock market on Friday closed in red witnessing a sharp decline of 1.5 percent. On the contrary, the indices on Monday, January 25 are expected to open in green as the SGX Nifty indicated a higher opening for the domestic market. The SGX Nifty was trading 129.50 points higher at 14,486.50. On January 22, the BSE Sensex had a negative closing at 48,878.54 witnessing a decline of 746.22 points or 1.50 percent. Similarly, the NSE Nifty plunged 218.45 points or 1.50 percent to close at 14,371.90.
Top stocks to look for the day are:
Reliance Industries: The largest company by market capitalisation of the country led by Mukesh Ambani, has reported a consolidated profit of Rs 14,894 crore in the December Quarter rising by 40.5 percent against Rs 10,602 crore in Q2FY21. The revenue of the company also increased to Rs 1,23,997 crore from Rs 1,16,195 crore on ....

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DHFL bidding: CoC declares Piramal as successful bidder


DHFL bidding: CoC declares Piramal as successful bidder
Billionaire Ajay Piramal s Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL
BusinessToday.In | January 23, 2021 | Updated 00:53 IST
Piramal Capital and Housing Finance emerged as successful bidder for DHFL
The creditors of debt-laden mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) has declared Piramal Capital and Housing Finance Ltd (PCHFL), a subsidiary of Piramal Enterprises, as a successful bidder. In a filing to exchange, Piramal Enterprises said that the administrator of DHFL has informed the company of the Committee of Creditors (CoC) decision through a Letter of Intent (LOI). ....

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