Bharti Airtel, Bharti Infratel: Bharti Airtel, the country’s second largest telco, has raised its stake in tower unit Bharti Infratel by 4.94 per cent via open market block deals, paying an average Rs 2,882.32 crore.
Ceat: Tyre maker CEAT on Wednesday said it has partnered Nissan Motor for supplying tyres for the Japanese carmaker’s newly-launched subcompact SUV Magnite.
ONGC, Oil India: Energy giant ExxonMobil is in talks to buy stake in some producing oil and gas fields in India, Oil Minister Dharmendra Pradhan has said.
Reliance Capital: Some of the largest global private equity companies and distressed asset investors including JC Flowers, Blackstone Group, Oaktree Capital Kohlberg Kravis Roberts (KKR) and Bain Capital have expressed interest in buying a part of whole of the Anil Ambani controlled non banking finance company (NBFC) Reliance Capital two people familiar with the process said.
Coal India: State-owned Coal India on Wednesday said overall offtake of coal increased by 8 per cent to 51.3 million tonnes last month, spurred by increased demand for the dry fuel from non-power sectors.
HDFC Life Insurance: UK’s Standard Life, one of the promoters of HDFC Life Insurance Company is looking to sell up to 2.78 crore shares of the insurance company through a block deal on Thursday to raise up to Rs 1,770 crore, according to a term sheet issued by Bank of America.
NMDC: The ministry of mines has cleared mining giant NMDC to mine iron ore in Donimalai area of Ballari district, Union Mines minister Pralhad Joshi said on Wednesday.
Snowman Logistics: Adani Logistics offloaded another 9,59,356 shares of Snowman Logistics at Rs 55.64 per share. On Tuesday, Adani Logistics sold 11,56, 147 shares of Snowman Logistics at Rs 56.73 per share. It held 26 per cent stake in the company at the end of September.
Tata Chemicals: Promoter Tata Sons bought 18,07,245 shares of Tata Chemicals at Rs 420.92 per share. It held 29.39 per cent stake in the company at the end of September.
Indoco Remedies: Dovetail India Fund Class 6 Shares bought 5,00,000 shares of Indoco Remedies from Ohm Juniper Longterm Fund Ltd at Rs 265.31 per share.
Embassy Office Parks REIT: Reddy Veeranna offloaded 85,00,000 units of Embassy Office Parks REIT at Rs 334.01 per unit.