By Jyotika Sood
Major ports Jawaharlal Nehru Port Trust (JNPT, Navi Mumbai), V.O. Chidambaranar (Tuticorin), Kamarajar (Ennore), Paradip and Kandla plan to raise close to three-quarters of a billion dollars in external commercial borrowings. After raising $400 million last year, JNPT is going for another dollar-denominated loan, said Rajive Kumar, shipping secretary. While the… Read more »
Cochin Shipyard Ltd plans to raise nearly $220 million from IPO, while CCI has approved the proposed sale of Reliance Infratel to Canada-based Brookfield Infrastructure Group. Japan’s NTT Communications Corporation has got approval to increase its stake in data centre company Netmagic Solutions to 100 per cent. Cochin Shipyard to launch… Read more »
SBI plans to sell a 10 percent stake in SBI Life
Medical tourism firm Oxa Medical, retail tech startup AdUrCup and Bengaluru-base tech company Mobisy Technologies have raised funds. Medical tourism startup Oxa Medical raises funds from Idein Ventures Medical tourism startup Oxa Medical has raised an undisclosed amount from UAE-based Idein Ventures. The seed funding will be used by the Hyderabad-based startup to… Read more »
While Flipkart is looking at acquiring rival eBay’s India operations as part of its $2 billion funding plan, another e-commerce major Snapdeal is planning to exit its TV shopping joint venture with DEN Networks. Flipkart looks to acquire eBay India operations Country’s largest e-commerce company Flipkart is looking to acquire eBay’s… Read more »
The stake is valued at $1.3 billion.
The fund will look to cut cheques of $10-15 million
Cairn India Ltd on Thursday told stock exchanges that the Mumbai bench of the National Company Law Tribunal (NCLT) has approved its merger with Vedanta Ltd, which is also a subsidiary of London-listed Vedanta Resources Plc. The merger gives Vedanta access to Cairn’s oil and gas assets, including the prolific… Read more »
Tiger Global also participated in the round that values the firm at $600m.
Yes Bank’s attempt to raise $1b in September flopped