Search Results for:PR Sanjai

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 »