Reliance Industries to Raise 5 billion dollars Through Bonds

Reliance Industries has announced to raise 5 billion dollars by issuing bonds as a measure to refinance its current debt.

The company released a statement saying that the notes will be issued in one or more tranches.

This has become the new way to deal with debts. Sovereign bo...

MAJORITY STAKE IN ZCL CHEMICALS TO BE ACQUIRED BY ADVENT INTERNATIONAL

HIGHLIGHTS

• ZCL Chemicals is selling a majority stake in its company to Advent International.
• This acquisition fixes an enterprise valuation of ?1,700 billion for pharma firm ZCL Chemicals.

US-based private equity firm Advent Internat...

TOKYO STOCKS RISE ON MONDAY; SOFTBANK STAKES SALE

Highlights –

• Tokyo stocks rise on Monday; SoftBank stakes sale.
• 225-issue Nikkei Stock Average rose by 173.69 points.
• Topix index was up by 15.56 points.
• Stock issues were led by pulp and paper, nonferrous metal, and air t...

CHINA CENTRAL BANK INTERESTED IN STAKES OF INDIAN COMPANIES

Highlights:

• The People’s Bank of China (PBoC), the central bank of China, has a stake of 1% in HDFC, Indian mortgage finance major.
• PBoC also holds a stake of 0.32% in cement sector-major Ambuja Cement while 0.43% in Piramal Enterprise, Pharma s...

KOLON INDSUTRIES AND SKC SOLD STAKES IN THEIR JOINT VENTURE

Highlights –

• SKC Kolon PI, world’s largest polyimide film company, joint venture company by SKC and Kolon Industries
• JV companies sell their stakes off to acquire seed funding
• Stakes worth $250 Million

To beef...

Yes BANK CO-FOUNDER ARRESTED; SBI TO TAKE UP 49% SHARES

Highlights:

• RBI might lift the cap on withdrawal early
• Capping withdrawal limit might prove counter –positive
• Rana Kapoor arrested, sent to custody

Yes bank went doper into a soup with the arrest of its co-founder Rana Kapoor.  ...

WOORI FINANCIAL GROUP INC. STAKES TO BE SOLD OFF AS PLANNED

Highlights –

• Government selling off Woori Financial Group stakes
• Government has set an average sale price of stocks
• Woori Financial Group controversy

Due to ongoing controversy of South Korea’s - Woori Financi...

Saudi Aramco is set to buy BPCL government stake

In a highly profit generating venture, Saudi Aramco is set to buy stakes of Bharat Petroleum Co. Ltd. Experts allege, this will give the oil company an opportunity to enter into one of the world’s largest oil retail markets.

According to reports, the Indian government is planning ...