LIC IPO: THE GOVERNMENT SHORTLISTS EDELWEISS, DELOITTE AS PRE-IPO ADVISORS

Highlights

• In order to qualify as an advisor for the pre-IPO deal, the bidder needs to have an experience of handling at least one IPO of Rs 5,000 drive between April 1, 2017 and March 31, 2020

• As per the request for proposal (RPF), the Central Government holds 9...

EDELWEISS INFRA ACQUIRES ROAD ASSETS OF NAVAYUGA GROUP FOR $150 MILLION

Highlights

• Sekura Roads has acquired two annuity roads assets that are Navayuga Dibang Infra Projects Private Limited (Arunachal Pradesh) and Navayuga Dhola Infra Projects Limited (Assam)

• Edelweiss Infra is the largest infra AIF in India and holds assets worth $1...

FMCG industry expects a revival in sales by the second half of 2020

With most of 2019 spent fighting for growth, the FMCG industry expects a revival in consumer demand and home buying by the second half of 2020, especially from rural sales that were severely affected in the past year.

In 2019, the FMCG industry was seeing a decline in rural sales, histo...

DHFL experiences nearly 11-year low

Headquartered in Mumbai, the deposit-taking finance company, Dewan Housing Finance Corporation Ltd. (DHFL) is facing nearly 11-year low. Furthermore, the company was locked in the lower circuit for the third successive session on Friday. 
Reports allege, the Bombay High Court refraine...