In 2013, NSE launched a platform called Emerge ITP to allow start-ups to get listed without having to go through a full-fledged initial public offering (IPO) route.
Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million
In the light of the revived interest in steel assets, Usha Martin’s lenders are now of the view that it would be more expedient to sell the steel business.
After it receives the funding, Vehere will offer stock options to key employees.
In early December, Emami announced it had agreed to acquire a 30% stake in another new consumer goods maker, Helios Lifestyle Pvt. Ltd, which sells upscale men’s grooming products under The Man Company brand.
Assam Co. has 14 tea estates. “The produce of some of these estates is unique—you cannot produce such tea anywhere else in the world,” said the chairman of a potential bidder. There’s going to be “intense competition” for Assam Co.
Kolkata-based Dhunseri Group and Mumbai-based MK Shah Exports Ltd have had initial discussions with Tata Global.
Eveready will own 30% in the joint venture, which will have an initial paid-up capital of Rs25 crore.
This is the first time the founders of the privately held Village Financial will dilute their ownership in the company.
Tata Global Beverages is expecting an enterprise value of around Rs1,300 crore ($204m) for Amalgamated Plantations.