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Bank of Baroda holds 98.6% stake in the 96-year-old Nainital Bank, which had assets of about $1.2 billion as of March end
The family office will deploy funds in asset classes except for debt and cryptocurrencies.
Surging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers.
ICICI Securities could raise at least 30 billion rupees ($465 million) via an IPO.
The assets held by the dirty dozen include Essar Steel, Bhushan Steel and Bhushan Power & Steel.
Royal Sundaram has started a process to sell a 49% stake, in a deal that could fetch about $500 million
Insurer Royal Sundaram is looking to sell a 49% stake for about $500 million.
Three Pillars Pte., Singapore, an affiliate of Qatar Foundation Endowment SPC, is selling as many as 199.9 million Bharti Airtel shares for 473 to 490 rupees each on Wednesday.
The track record of the handful of companies which have exited from the SDR program isn’t encouraging.
Investors will be offered about a 10 percent stake in Bandhan Bank through the IPO.