The move raises ArcelorMittal’s total bid for Essar Steel to ₹50,000 crore ($6.8 billion).
For its India infrastructure business, KKR has hired Hardik Shah from investment management firm Brookfield Asset Management, where he was responsible
The new board has appointed Vineet Nayyar as the managing director and vice-chairman of IL&FS
The most high-profile among these exits was possibly that of Archana Hingorani who was executive director and CEO of IL&FS Investment Managers till sh
Deal-making in the renewable energy space has slowed down since April because of changing policies, falling rupee and steep valuations.
IETS, a fully owned subsidiary of IL&FS, operates computer labs in government schools under the build-own-operate (BOO) model.
The Ruias-controlled Essar Group is fighting off a challenge from a US-based hedge fund which is eyeing Essar’s assets in the UK, including the Stan
A subsidiary of South Korean steel giant Posco is also rumoured to be interested in the port.
The company has also committed to pay Rs7,000 crore to settle the dues of Uttam Galva and KSS Petron.
IL&FS had about nine major shareholders, the biggest of whom are LIC, Orix Corp. of Japan, Abu Dhabi Investment Authority and HDFC Ltd.
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