Page 70 - Dev Chatterjee

Anil Ambani's stake dips to 22% in RCom; Banks sell 15.6% pledged shares

RCom had a debt of Rs 45,000 crore

N A Soonawala steps down from Tata Trusts citing his health, advanced age

Insiders said Soonawala played an important role in getting Noel Tata, half-brother of Ratan Tata, on the board of Tata Trust

Soonawala retires as trustee of Tata Trusts due to health reasons

A Tata group veteran, Soonawala is known to be a close confidant of group patriarch Ratan Tata

Mindtree drops buyback plan, forms panel to evaluate L&T's open offer

According to Sebi norms, a share buyback is possible only when an open offer is in place after receiving approval from 75 per cent of the shareholders

L&T knocking at its door, Mindtree board to decide on buyback Tuesday

Bengaluru firm should follow AM Naik's footsteps to thwart L&T's takeover bid

Our offer for Mindtree a win-win deal for both, says L&T top brass

L&T management led by its CEO & MD SN Subrahmanyan and L&T's CFO and Member of Board R Shankar Raman said the firm was interested in growing its services business where returns are higher

L&T mounts hostile bid for Mindtree, eyes 67% stake for Rs 10,733 crore

The deal is likely to be closed by the first quarter of FY20

Lenders may re-evaluate Sterling Biotech's one-time settlement plan

Sterling Biotech owes close to Rs 8,100 crore to the banks and the offer entailed 65 per cent haircut for the banks

Premji family continue to hold voting rights on 34% of Wipro shares

Foundation to receive economic benefits of 67% stake

NCLT questions Sterling Biotech lenders on accepting deal from promoters

Sterling Biotech was referred to the NCLT in June last year

Ramdev's Patanjali Ayurved ups offer for bankrupt Ruchi Soya to Rs 4,350 cr

The revised offer will mean the lenders will have to write off 60% of their dues

Tata Sons to infuse additional Rs 1,250 crore in financial services arm

Tata Sons had earlier invested Rs 785 crore in 2016-17 in the financial services business as equity

Promoters release pledged shares, look for options to raise funds

In both Zee and Reliance Group, the promoters will have to sell their assets, as a sharp fall in their share prices forced them to top up their already pledged shares

Hard choice for promoters of stressed businesses: Sell stake or cash out

Promoters are assessing potential future areas of stress in their businesses and deciding to give up majority stakes rather THAN go to the IBC

Lenders jittery as Anil Ambani's wealth falls 26% since January to $1.2 bn

RCom owes Indian banks close to Rs 45,000 crore and has not paid its dues since June 2017

Anil Ambani group lenders not to sell pledged shares till September

Move follows understanding with 90% of creditors, group vows to stick to repayment schedule in loan agreements, promoters to sell 30% stake in RPower

Lenders take big risk in converting part of Jet Airways' debt into equity

Banks did not make money in previous debt-to-equity conversions

Noel Tata gets a three-year term as a trustee of Sir Ratan Tata Trust

The tenure of Noel can also be cut short by the trustees, if the need arises, said a source close to the development

Edelweiss case: No interim relief for Anil Ambani group's promoter entities

The Anil Ambani group had sought to restrain sale of pledged shares

Newsmaker: R Venkataramanan, a controversial aide of Ratan Tata

This is not the first time Venkat has had a brush with controversy. A former Executive Assistant to Tata, Venkat was earlier accused by Mistry on two serious counts