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Vedanta

Hindustan Zinc's $3-bn bid to buy Vedanta's assets lapses

Manufacturing

02 May, 2023

Hindustan Zinc's $3-bn bid to buy Vedanta's assets lapses

Hindustan Zinc Ltd's proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as ......

Grapevine: Blackstone to sell stake in IBS; Former Godrej Properties CEO's new venture

General

13 April, 2023

Grapevine: Blackstone to sell stake in IBS; Former Godrej Properties CEO's new venture

Private equity groups Apax Partners, CVC Capital and Thomas H. Lee Partners (TH Lee) are vying to acquire a minority ......

Grapevine: Vedanta may raise up to $2 bn; Nalwa highest bidder for McNally Bharat

General

12 April, 2023

Grapevine: Vedanta may raise up to $2 bn; Nalwa highest bidder for McNally Bharat

US hedge fund Farallon Capital Management is in advanced negotiations to provide $1.5-2 billion funding to Vedanta, The Economic Times ......

Grapevine: HZL unlikely to buy Vedanta's zinc business; RK Swamy to launch IPO

General

05 April, 2023

Grapevine: HZL unlikely to buy Vedanta's zinc business; RK Swamy to launch IPO

Facing strong opposition from the government, Hindustan Zinc Ltd (HZL) is unlikely to act on the proposal to buy parent ......

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Deals Digest: Fintech cos lead funding race this week

TMT

20 January, 2023

Deals Digest: Fintech cos lead funding race this week

Financial services sector took the front seat in funding activity this week, which also saw Walmart-owned digital payments app PhonePe ......

Sterlite Power waiting it out, to roll IPO depending on market demand

Infrastructure

26 July, 2022

Sterlite Power waiting it out, to roll IPO depending on market demand

Vedanta Group unit Sterlite Power Transmission Ltd is waiting for market conditions to turn favourable before it launches a planned ......

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

Consumer

21 January, 2022

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (EoIs) for debt-ridden Videocon Industries ......

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

Consumer

05 January, 2022

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on Videocon Industries Ltd, allowing ......

Tribunal doubts confidentiality maintained in Videocon bankruptcy process, requests IBBI probe

Consumer

16 June, 2021

Tribunal doubts confidentiality maintained in Videocon bankruptcy process, requests IBBI probe

A Mumbai bench of insolvency tribunal has expressed surprise over the similarity between the bid value offered by Twin Star ......

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

General

04 January, 2021

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

Private equity firms Brookfield, Bain Capital, Carlyle, and UK-based Permira have initiated due diligence for buying a controlling stake in ......