GIC recently inked two JVs with Vatika Group.
Promoter holding in Adani Power and Adani Ports & SEZ will shrink to 55-56 per cent.
Maran will sell his stake but subscribe to redeemable preference shares worth $60 million.
It had invested Rs 45 crore for 50 per cent stake in the project several years ago.
The overall project is to cost $750 million.
E-com firms are not valued on the basis of their 'net revenues' Suresh. It's more a function of actual value of...
"This values the company at around $350 million, less than what it could have been valued at given its net revenues...
Sigh! 32 Million of tax payer's money...
no doubt now that india is going to fail in entrepreneurship also