Shareholders of telecom operator Idea Cellular approved the new name 'Vodafone Idea Limited' for the company and plans to raise Rs 15,000 crore fund in the extraordinary general meeting held on Tuesday.
Aditya Birla Group firm UltraTech said it would acquire cement business of BK Birla Group company Century Textiles and Industries through a share swap deal
Hindalco Industries on Wednesday reported a 24.98 percent dip in standalone net profit to Rs 376.97 crore for the fourth quarter ended on 31 March, 2018
Binani Cement insolvency: NCLT asks CoC to consider UltraTech's revised offer; Dalmia 'surprised' by order
The NCLT bench also asked the CoC to reconsider resolution plan of Rajputana Properties Pvt Ltd (RRPL), if the Dalmia Bharat Group firm, was willing to raise its offer more than UltraTech's bid.
UltraTech questions resolution process, terms process of evaluating bids for Binani Cement 'fraudulent'
UltraTech apprehends that it was not declared as the H1 bidder in view of the penalty imposed by the Competition Commission of India.
UltraTech Cement tabled a fresh offer, for Binani, to the resolution professional on 14 April. But, a new problem seems to have surfaced.
Binani Industries to move Supreme Court with Rs 7,618 cr offer, has assurance of support from most lenders, says co
Binani, backed by Aditya Birla groups UltraTech Cement, has already received comfort letter for financial support.
UltraTech Cement last week said it will buy loan defaulter Binani Cements stressed assets by providing Rs 7,266 crore to its parent company, Binani Industries.
Kumar Mangalam Birla will be non-executive chairman of the merged company which will combine business of Vodafone India and Idea Cellular
UltraTech to pay Rs 7,266 crore for 98.43% stake in Binani Cement, seeks end to insolvency proceedings
UltraTech said in a statement that Binani Industries Ltd (BIL) - the promoter firm of Binani Cement Ltd - had approached it for arranging funds to pay-off the lenders
Idea Cellular raises Rs 3,250 cr through preferential allotment; shareholding of promoter group goes up to 47.2%
The net debt of Idea as on 31 December, 2017 stood at Rs 55,781.8 crore.
Foreign investors hold around 27 percent stake in Idea, as per shareholding pattern of the company till December 2017.
Lower IUC rate eats into Idea Cellular's Q3 profit; firm posts Rs 1,284.5-cr loss, says merger with Vodafone in final leg
Idea Cellular said the work on merger with Vodafone is in final leg of regulatory approval and expected to complete in first half of 2018
Vodafone is expected to hold around 47.5 percent stake in the merged entity and rest will be owned by Idea and promoter Aditya Birla Group.
Shares of Idea Cellular rallied for a second day, soaring nearly 14 percent on Friday after the company unveiled a plan to raise up to Rs 6,750 crore ahead of its merger with Vodafone
Idea Cellular to raise Rs 3,250 cr from promoter group; will mull options for additional Rs 3,500 cr funding
Idea Cellular board on Thursday approved raising about Rs 3,250 crore from the entities under the promoter Aditya Birla Group by issuing 32.66 crore equity shares on a preferential basis
Abundance of minerals has made the state home to various mineral based industries that includes Tata Group, Aditya Birla and a host of others
The combined entity of Vodafone India and Idea Cellular, which are currently India's number 2 and 3, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market
Shivakumar has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for PepsiCo Egypt and Jordan,
The combined entity of Vodafone India and Idea Cellular, which are currently India's number two and three, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market.