State Bank of India (SBI) is reportedly in talks with Indonesia's Bank Eksekutif to acquire a majority stake.
Sterlite Industries (India) said its wholly-owned unit Sterlite Energy (SEL), on Monday, 29 June 2009, has achieved financial closure for its 2,400 megawatts (MW) power project at Jharsuguda in Orissa. A consortium of 19 lenders led by the State Bank of India committed a term loan of Rs 6,150 crore. SBI Capital Markets, IDBI Bank and Deutsche Bank acted as joint lead arrangers for the transaction.
Jet Airways is reportedly close to reaching an out-of-court agreement with Sahara India Commercial Corporation, where it will pay about Rs 300 crore to the latter, ending a messy legal battle that has its origins in Jet's purchase of Sahara Airline in 2007.
Godrej Consumer Products is reportedly in talks to license some brands to retailer, Future Group. Godrej will license brands like Ganga, Banish, Evita and Godrej Tea, among others, to the Future group for a period of three to five years.
PVR is reported to be in initial talks to acquire DT Cinemas, a unit of realtor DLF Group. Both the firms denied the news in the report.
Britannia Industries is reportedly set to re-enter the packaged milk business, four years after it exited this segment. The company is expected to play in the ready-to-drink flavoured milk market targeted at youth, instead of the mass packaged milk segment.
Pyramid Saimira Theatre has reportedly put its businesses and assets in the US and Malaysia for sale, in a move aimed at stemming declining losses and generating funds for Indian operations.
BL Kashyap & Sons got new projects worth Rs 560 crore in the first quarter of Q1 June 2009. Out of the total amount, Rs 124 crore is for the infrastructure and PSU sector.
GMR Infrastructure has reportedly launched a share sale worth $500 million at a price band of Rs 143 - Rs 145 each.
Enam, ICICI Securities, IDFC-SSKI, JP Morgan, Kotak Mahindra Capital, Morgan Stanley and UBS are managers to the offer.
Bajaj Hindusthan will open its share sale to qualified institutional buyers. The company did not specify the quantum it intended to raise, in the statement to the Bombay Stock Exchange, but media reports suggested the company planned to sell shares worth Rs 700 crore.
The board of Birla Power Solutions approved raising up to Rs 100 crore via equities or convertible bonds in domestic or international markets.
Hindalco Industries, Ispat Industries, Gammon India, Gammon Infrastructure, Bharati Shipyard, Financial Technologies, Fortis Healthcare, Omaxe, Kingfisher Airlines, Adlabs Films, Akruti City, Asian Electronics, Austral Coke, Bombay Dyeing, EIH, Ess Dee Aluminium, Hikal, Kolte Patil, Monnet Ispat, Prime Securities, Radico Khaitan, Time Technoplast, Titagarh Wagons, Tulsi Extrusions, Vishal Retail, Welspun India, among others will declare their March 2009 ended results today, 30 June 2009.
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