Search Results for:PR Sanjai

India: Agri fund Mandala Capital to invest $122m in Jain Irrigation, food subsidiary

Jain Irrigation Systems Ltd, Asia’s largest irrigation equipment maker, will raise Rs.792 crore by issuing equity shares in the company and its food business unit to agri-business funding firm Mandala Capital Ltd and promoters. The total equity fund raising would be done through three phases. In the first leg, Mandala… Read more »

India: RPP Infra Projects forms joint venture with China’s Hunan Construction

RPP Infra Projects Ltd, a developer of highways and bridges in India, on Tuesday said that it has signed an agreement with Hunan Construction Engineering Group Corp., one of the largest Chinese state-owned company, to develop infrastructure projects in India. The joint venture, Hunan-RPP Infra Projects Ltd, will work on… Read more »

India: Reliance Communications to consider Sistema Shyam Tele merger on Monday

Anil Ambani-led Reliance Communications Ltd (R-Com) on Saturday informed stock exchanges that its board of directors will meet on Monday to consider a merger of the telecom business of Sistema Shyam Teleservices Ltd with itself, that could mark the start of much-anticipated consolidation in India’s telecom sector. “Reliance Communications has… Read more »

India: A day after leaving SpiceJet, Sanjiv Kapoor joins Tata-SIA airline venture Vistara

A day after Sanjiv Kapoor resigned as chief operating officer (COO) of SpiceJet Ltd on Thursday, he has been appointed by Vistara, run by TATA SIA Airlines Ltd, as its chief strategy and commercial officer. He will be assuming the new role in TATA SIA Airlines in February 2016. Kapoor… Read more »

India: Air carrier SpiceJet COO Sanjiv Kapoor resigns

Sanjiv Kapoor has resigned as chief operating officer (COO) of SpiceJet Ltd, India’s second-largest low-fare airline, after piloting it through two turbulent years. “It has been a time where we have redefined the rules of the game in the Indian market, where we have broken stereotypes, challenged the status quo,… Read more »

India: Essar Ports fixes $1.4 per share as floor price for delisting

Promoters of Essar Ports Ltd have fixed Rs.93.66 as the floor price per share for acquiring 10.72 crore equity shares from public shareholders. At this floor price, promoters will have to shell out Rs.1,004 crore to buy out 25.06% in share capital from the public as a part of the… Read more »

India: Cube Highways to buy Madhucon Infra’s Agra-Jaipur road asset for $38.1m

Infrastructure firm Madhucon Infra Ltd has entered into an agreement to sell one of its road assets to Cube Highways and Infrastructure Pte Ltd of Singapore for Rs.248 crore ($ 38.1 million) In a filing to BSE, Madhucon Infra, the holding company, said that it had entered into a share-purchase… Read more »

India: Sudhir Valia to buy Jaypee wind power assets for $27m

Sudhir V. Valia, the brother-in-law of Sun Pharmaceutical Industries Ltd founder and managing director Dilip Shanghvi, has agreed to buy Jaiprakash Associates Ltd’s wind power assets for Rs.180 crore ($27 million), according to two people directly involved in the transaction. Valia, the promoter of Fortune Financial Services (India) Ltd, will… Read more »

India: PE firm General Atlantic Singapore Fund to buy 21% in IIFL Wealth for $173m

Global private equity firm General Atlantic Singapore Fund Pte Lte is set to buy 21.61% in IIFL Wealth Management Ltd, the wealth management subsidiary of IIFL Holdings Ltd (formerly India Infoline Ltd) for $173 million (Rs1122.34 crore). In its filing to BSE, IIFL Holdings said its board on Saturday approved… Read more »