Search Results for:Bhuma Shrivastava
Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd.
Its latest plan extends a strategy of raising cheaper debt, riding on its better-than-sovereign ratings, while also actively investing about $12 billion in reserves to generate returns.
India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.
The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.
The Bain Capital-backed Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million) for Binani Cement.
The consortium is led by Mukund Rajan, the head of international operations for Tata Group’s holding company.
Mumbai-listed Hindalco made a non-binding offer through its U.S. unit, Novelis.
Schneider Electric is said to be in exclusive talks to buy the electrical unit, valuing it at around $2 billion.
As many as one-third of the group’s 100-plus units could go.
The Reliance Industries chairman has added $12.1 billion to his wealth this year.