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Samara Capital to exit Asian Oilfield with over 50% loss

Anuradha Verma

Private equity fund Samara Capital Partners has agreed to sell its entire 56.32% stake in Asian Oilfield Services Ltd to Mumbai-headquartered energy exploration company Oilmax Energy for close to Rs 30 crore with a loss of over 50%, as per a stock exchange filing.

L&T chief Naik hints company insider to be next chairman

Anuradha Verma

The successor to AM Naik, group executive chairman at India’s largest engineering company Larsen & Toubro Ltd (L&T), will mostly likely be a company insider with deputy managing director SN Subrahmanyan being the front-runner.

Bids for Tata Steel UK business set to be finalised


Formal bids for Tata Steel's loss making UK assets are set to be finalised on Monday, with a shortlist being drawn up in next few days and UK business secretary Sajid Javid set to fly out to Mumbai to hold talks with the Indian conglomerate to discuss the final bids.

From other newsrooms: Two bidders may tie up for Tata Steel UK biz and more stories

Anuradha Verma

Two of the bidders for Tata Steel Ltd's Port Talbot and other UK steel plants may work together.