In the event, Vedanta RBB fails to get bids for at least 1.34 billion shares--- the minimum required for the promoters to acquire 90 per cent shareholding-the delisting bid would fail
Firm raises Rs 3,520 cr despite firm being cash surplus; It cannot use the proceeds directly for parent company
Videocon is undergoing insolvency proceedings at the NCLT with a separate bidding process being undertaken for the Ravva block
The proceeds of the offering will be used to partially fund the privatisation
The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices
Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.
After hitting multi-year lows, metal prices have seen some gains. Though lower input costs are supportive, demand is the crucial missing piece
Cairn Oil & Gas said in a statement that Dixit is superannuating at the end of his five-year term at the group in May
Vedanta Resources has proposed to buy out public shareholders in Vedanta Ltd
Agarwal, 66, who turned a tiny scrap metal business into a mining conglomerate, had so far headed the board of London-headquartered Vedanta Resources
The company further announced appointment of Anil Agarwal as additional non-executive director designated as chairman of the company's board with effect from Saturday
Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year
Besides spending on building infrastructure, the government should focus on exploiting natural resources the country has and look at stake sale in most PSUs, said the mining baron
Highlighting the business opportunities in the natural resources sector, Agarwal said that Indian industry should also explore in this sector
The Centre had termed the move of opening up of commercial coal mining for the private sector as the most ambitious coal sector reform
The successful bid for debt-ridden Electrosteel marks this controversial entrepreneur's first foray into the steel business anywhere in the world