Equity Moves

The Essar Group has completed the delisting of Essar Oil. The group now has only one listed company, Essar Shipping, which has a market capitalisation of Rs 5 billion. The delisting of Essar Oil led […]

Srei Infrastructure Finance (SREI), Srei Equipment Finance Limited (SEFL) and the BNP Paribas Lease Group (BPLG) have entered into a share purchase agreement, whereby BPLG has agreed to acquire 25,154,317 equity shares of SREI, representing […]

Jet Airways is in talks with Etihad Airways to raise up to $400 million via convertible bonds, partly to reduce the former’s debt obligation and partly to expand its operations. This will increase Etihad’s stake […]

Jaiprakash Associates Limited (JAL) is selling its 2.1 million tonne per year capacity split grinding plant at Bhilai, Chattisgarh to Shree Cements Limited for an enterprise value of Rs 21-22 billion. This is an attempt […]

France’s stock market regulatory body, AMF, has stated in a provisional report that Finnish telecom group Nokia’s $17 billion all-share offer for French-American rival Alcatel-Lucent has been successful. The report stated that the minimal condition […]

The Tata Capital Innovations Fund, a private equity fund managed by Tata Capital, has invested about $5 million in mobile internet solutions provider Alef Mobitech Solutions. Alef Mobitech Solutions is a subsidiary of US-based Alef […]

PNC Infratech Limited has announced the completion of a transaction involving the sale of equity shares of Jaora-Nayagaon Toll Road Company Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]