Sector: All Sectors
Vedanta mulls group restructuring; separate listing of businesses
Billionaire Anil Agarwal‘s on Wednesday said it is mulling a group restructuring that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities. In a stock exchange filing, the firm said its board has constituted a committee of directors to evaluate and recommend options to restructure … Read more
Financial bids for six CPSEs to be invited by January
The Centre will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp., by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs that are up for … Read more
Investing into Startups VS Established Businesses – 5 Key Considerations
One of the greatest dilemmas in recent times.
Acrysil India predicts to reach Rs 1000 crore revenues
Chirag Parekh, CMD has predicted that the Company will achieve revenues of Rs 1,000 crore in the next three years. Key points to note – Trailing twelve months revenues of the Company were Rs 405 crore. Given the Covid disruption and subsequent revival of the Indian real estate sector as well as overall revival in … Read more
Handing over reins of Marico to a professional was a psychological sacrifice: Harsh Mariwala
Harsh Mariwala founded Marico in 1987, turned it into an ₹8,000-crore FMCG company, and now, he says, he’s realised his dream of transforming it from a founder owned and led organisation to a professionally-managed one. His son, Rishabh who was part of operations very briefly earlier, will now be the trustee of the family-owned majority … Read more
CPPIB further deepens it’s relationship with Phoenix. Commits more funds.
Phoenix Mills Ltd (PML) and Canada Pension Plan Investment Board (CPPIB) have entered into a new joint venture agreement to co-develop an office-led, mixed-use asset, which is part of Phoenix Palladium in Mumbai’s Lower Parel. Key points to note – CPPIB will invest Rs 1,350 crore in tranches for a 49% stake in the joint … Read more