Deloitte India will invite EoIs for the exploration and production assets of Videocon Oil Ventures.
IPOs & Markets
Reliance Industrial Investments Holdings Ltd plans to use the funds for acquisitions and to meet the group’s other funding requirements.
The investment will help Reliance Jio leverage Haptik’s capabilities to build India’s largest AI assistant across chat, voice and vernacular langu
India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest ₹13,000 crore to acquire the loss-making unit.
The company has decided to demerge its fibre and tower assets into two separate units for more flexibility in leasing out the assets.
RIL operates its retail business through Reliance Retail Ventures, the holding company for Reliance Retail and Reliance Brands. The latter operates JV
The acquisition includes an 11.15% stake in the United Kingdom Oil Pipeline, a 45% share in the Kingsbury Terminal and 100% in the Northampton Termina
The funds will be raised across tranches through optionally convertible preference shares.
Currently, GSPC owns a 50% stake in the project, while Adani group holds 25%.
Piramal’s interest comes at a time when many listed NBFCs have lost significant market value on growing concerns around asset-liability mismatches.
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