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The Tanzanian government, which owns 40% in the Dar es Salaam-based unit, has informed potential investors that it does not recognize the IPO plans of Airtel Africa Ltd.
IL&FS is planning to sell a majority stake in its financial services unit, as well as assets totalling Rs4,500 crore.
Disputes over contracts, delayed approvals for projects and rising interest rates have led to a cash crunch at the lender.
RBI has made certain observations about the process Paytm Payments Bank follows in acquiring new customers and its adherence to KYC norms.
The acquisition will also boost UPL’s agrochemical and crop protection business.
IHH Healthcare outbid TPG-backed Manipal Health Enterprises Ltd by placing a higher per share offer for the promoters.
TPG-Manipal, which had earlier agreed to pay Rs 180 per share, may have lowered its bid.
Reliance Jio’s short-term plan is to engage with customers, and continue to add subscribers.
The enterprise value of Century’s cement business is pegged at Rs 8,561 crore and UltraTech will absorb debt of Rs 3,000 crore.
Malaysia’s IHH Healthcare Bhd. on Tuesday revised its offer to Rs175 per share from its earlier offer Rs160 per share, which it made on 24 April.