This is what some investors had wanted and that’s exactly what Varroc Engineering Ltd (VEL) has decided. Key announcements – VEL has entered into a definitive agreement with Compagnie Plastic Omnium SE, France to divest its 4-Wheeler lighting business in the Americas and Europe Agreed consideration is an Enterprise Value of EUR 600 mn (approx … Read more
Viacom18 (V18) is amongst the leading players in the Indian television sector with 38 channels in nine languages across various genres including general entertainment, movies, sports, youth, music and kids. Besides, it also has OTT streaming platform Voot. V18 is currently a 51:49 JV between Reliance Industries Limited (RIL) owned TV18 and Paramount Global. RIL … Read more
Vodafone Idea (Vi) has announced the following – The promoters – Vodafone and Aditya Birla Group are together infusing Rs 4,500 crore into the Company. Shares will be issued at Rs 13.30/ share. Market price before announcement was Rs 11.10/ share. Vodafone Group and the Birlas currently hold 44.3 per cent and 27.7 per cent … Read more
After days of Godrej Properties getting forced to withdraw from it’s proposed strategic partnership with DB Realty (DBR), the latter gets support from the ace investor, Rakesh Jhunjhunwala (RJ’s) and others. Key points to note – DBR was issuing 5 crore equity warrants to GP. The same quantum now will be instead issued to the … Read more
February 3, 2022 In recent times, after DLF and Lodha, Godrej Properties (GP) seems to be the next one with aggressive ambitions in the Indian Real Estate Sector. The Company has been on a spree of land acquisitions and product launches. Now it has announced a strategic partnership with D B Realty (DBR) to target … Read more
Airtel continues to consolidate and strengthen it’s financial position. Company is holding board meeting on January 28, 2022 to consider a preferential issue of the equity shares. Currently, Airtel’s shareholders include – Mittal family 24.13%, SingTel 31.72% and balance by public. Rumours are that a strategic global investor would be investing into the Company. Last … Read more
The Company has missed the last date for payment of Rs 3,494.56 crore to banks and others lenders. Key points to note – The last date for payment was December 31, 2021. The due date was as per the One Time Restructuring (OTR) plan approved by the lenders in April 2021 under an RBI announced … Read more
As per newspaper reports, Vodafone Idea (VIL) mentioned the following in an internal investors’ call – Equity funding, including from promoters is set to be tied up by March 2022. Company is targeting an annual capex of about $2 bn, which is 4x of the current annual capex of $500 mn. Both these communications are … Read more
The Company’s board approves to go for IPO of JK Files & Engineering Limited (JKFE). Key points to note – JKFE is into steel files and tools business. The proposed IPO is of Rs 800 crore and is entirely offer for sale. No fresh money is expected to come into the Company. Raymond currently owns … Read more