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 Stanlow oil refinery, to settle unpaid dues.
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.
Infrastructure Leasing and Financial Services (IL&FS) hopes to raise $2 billion (or Rs 10,000-12,000 crore) from the sale of its assets.
Though Reliance Infra has sold one of its profitable business ventures, it will help bolster the company’s financials by repaying debt
The acquisition will help Hindalco expand sales in the lucrative automotive and aerospace segments, and is the Indian aluminium maker’s second major overseas acquisition after the purchase of Novelis for $6 billion in 2007.
The NCLT approved AION-JSW Steel consortium’s takeover proposal for Monnet Ispat and Energy asset.
Climate Connect has so far raised $1.2 million in its seed and Series A rounds.