Reliance Industries is offering about $12 billion to buy a controlling interest in bankrupt chemical company LyondellBasell Industries to create one of the largest petrochemical firms in the world, two sources with direct knowledge of the deal...
US-based hedge fund Galleon has sold its entire 7% holding in financial services firm Edelweiss Capital through the open market route on Friday. The fund sold its shares for Rs 256 crore (~$55 million) through two bulk deals on the BSE.
One of the pre...
Sahara Prime City, the real estate arm of the Lucknow-based Sahara Group, is in talks with private equity funds to raise $215 million. The company's CEO Sushanto Roy told Bloomberg that "global funds are keen to invest in India." Sahara had filed its...
Abhijeet Biswas has been appointed as a Director at mid-market focused investment bank Equirus Capital Pvt Ltd. He will lead the practices of industrial, energy, healthcare and FMCG. Biswas, who joins Equirus from Singhi Advisors, will also work on...
Network 18, the Raghav Bahl-owned media conglomerate, has decided to merge the logistics, back-end and broadcast operations of two of its business channels, CNBC TV 18 and CNBC Awaaz, to derive cost savings of up to Rs 65 crore.
In a filing to the...
