Abu Dhabi Investment Authority to invest Rs 5,512.5 crore in RIL retail arm; joins Silver Lake, KKR among others
The investment by ADIA in Reliance Retail Ventures Limited in exchange for a 1.2 percent stake values the company, India’s largest retailer, at a pre-money equity value of Rs 4.285 lakh crore.
Abu Dhabi Investment Authority to invest Rs 5,683.5 crore into Jio Platforms; RIL unit has raised nearly Rs 1 lakh crore in past 7 weeks
The series of investments in Jio, which runs movie, news and music apps as well as the telecom company Jio Infocomm, was led by a 9.99 percent stake sale to Facebook Inc for Rs 43,574 crore on 22 April.
Abu Dhabi fund Mubadala to invest Rs 9,093 cr in Jio Platforms; becomes sixth investor in Reliance Industries unit in as many weeks
The deals underline the status of Jio Platforms as a tech powerhouse and its ability to dominate India’s booming digital economy.
Govt plans new law to protect foreign investment; draft proposal aims at diffusing investor mistrust on agreements
Investors previously had an option to take India to international arbitration courts under bilateral investment treaties (BITs) the government had agreed with dozens of nations.
GVK Reddy will continue as Executive Chairman and GV Sanjay Reddy as Managing Director in both MIAL and NMIAL
We need builders to build new India; HDFC keen to contribute to govt's Rs 20k cr realty fund, says Deepak Parekh
The government fund will help good developers finish their pending projects, which are non-NPA and non-NCLT, said HDFC's Deepak Parekh.
Piyush Goyal to embark on two-day visit to UAE today to seek FDI in petroleum, railways, aviation sectors
Commerce and Industry Minister Piyush Goyal will embark on a two-day visit to the United Arab Emirates (UAE) starting Saturday, to attend the meeting of 7th India-UAE High-Level Task Force on Investment
The decision to form a sub-panel was taken in IL&FS's board meeting held on 28 June
Nestle in talks with EQT, ADIA for $10 billion skin health deal; transaction may close in second half of 2019
Nestle will provide an update on how it will use the proceeds and its future capital structure at that time, the world’s biggest food group said in a statement.
IL&FS board charges 14 former directors of money laundering, criminal intent; show cause notices issued
LIC is the single largest shareholder with over 25 percent stake in IL&FS and Japan's Orix Corp owns a little over 23 percent.
Banks stare at a massive Rs 30,000 crore loan write-off: Why IL&FS is yet to meet its Vijay Mallya moment
The apparent reason why individual responsibility has not been fixed in case of IL&FS is it was promoted by a clutch of public sector insurance companies
RPower promoters aim Rs 2,500 cr from stake sale, plans to offload 18-19% shares; J P Morgan appointed as banker
Part of the diversified Anil Ambani group, Reliance Power has appointed J P Morgan as the banker for the proposed stake sale, the sources said.
Government considers putting IL&FS up for sale, among other options as it seeks to end company’s debt crisis
The government, in a rare move, took control of IL&FS this month after the company defaulted on some of its debt, triggering fears of contagion across India’s financial system.
Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy
Saving IL&FS was critical as nearly two-thirds of the firm’s accumulated debt of 910 billion rupees ($12.36 billion) was from public sector banks.
IL&FS crisis: What are the options before the 6-member board to revive the firm? All you need to know
The Mumbai-headquartered IL&FS owes over Rs 91,000 crore to lenders but has been on a defaulting spree since 27 August.
IL&FS crisis shows warts of smart alec financial engineering; govt must treat it as opportunity for reform
The IL&FS crisis is best treated as an opportunity to end a PPP mess so that the role of the state and private sector companies are properly delineated with clarity on accountability at various levels.
Cash-strapped IL&FS wins shareholder approval for restructuring plan; Alvarez & Marshal to chalk out revival strategy
IL&FS group has lined up a plan to divest as many as 24 projects to raise around Rs 30,000 crore and pare its mount of debt, which as of the June quarter stood at over Rs 91,000 crore, of which over Rs 57,000 crore is from state-run banks.
In a letter to its employees, IL&FS had claimed that if funds worth Rs 16,000 crore stuck with concession authorities were released on time, it would not have landed in this mess.
IL&FS, which is credited for building the Chenani-Nashri tunnel, the longest in the country opened for traffic in April 2017, is sitting on an over a debt pile of Rs 91,000 crore and had been junked by rating agencies following the default.