By Bloomberg News
SDIC will no longer invest in new thermal power business, a Beijing-based spokesman said Wednesday.
Navitas in January had backed the sweetened buyout offer from the consortium, after rejecting its two earlier bids last year.
Medco plans to fund the deal by proceeds of a credit agreement and from its existing cash resources.
A share buyback by the IT services firm could potentially push up the acquisition cost for L&T, which had earlier this week bought 20.32% stake in Mindtree.
State Bank of India (SBI), the largest lender to cash-strapped Jet Airways, said it was in the interest of lenders to revive the distressed carrier.
The German retailer is willing to sell as much as 80% of the Chinese business while retaining a significant minority.
By giving up a majority interest, Quoc Viet reportedly said it is looking to raise funds to meet working capital needs of its farm integration plan.
Glencore had put the mine up for sale in 2015, but withdrew it from the market in 2016 after failing to agree a deal with potential buyers.
In Germany, the Chinese takeover of robotics maker Kuka in 2016 was the wake-up call for the government that underlined the urgency for the state to become more active.
The CCI has cleared the proposed merger between private equity firm KKR-backed Radiant Life Care and Max Healthcare.