Subhash Chandra’s Essel Group companies hold a 22.37% promoter stake in Zee.
Piramal holds 10% in Shriram City Union while TPG Capital holds a 9% stake in Shriram Capital.
CDPQ currently holds 3.68% in Piramal and the preferential allotment to CDPQ will take place by November-end.
Yes Bank could sell as much as 15% through a fresh equity issuance if the talks are productive.
The promoters are willing to amend the Article of Association, allowing new shareholders to get a board seat.
CDEL is planning to sell promoter stake and assets of Sical Logistics. CDEL’s debt at the consolidated level is ₹4,400 crore.
The proceeds of the deal will be used to repay debts of CDEL.
Policy & Regulations
FPIs have been withdrawing from Indian equities after the finance minister introduced higher tax surcharge on the super-rich in the budget in July.
Raising more capital will be crucial for the bank if it has to comply with capital adequacy regulations.
Private equity giant Blackstone Group is learnt to be one of the top contenders to buy the Global Village Park.
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