Linde to source renewable power for merchant Air Separation Units
Tag: shares
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FIIs permitted to hike holding in IDFC
With immediate effect, Reserve Bank of India (RBI) removed the restrictions placed on the purchase of shares of IDFC by foreign investors. The central bank removed the restriction because foreign investors' shareholding in IDFC fell below the prescribed limit. In August, the company reduced the limit that foreign investors c
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IOC, ONGC to bid for stake in HPL
West Bengal government may invite joint bidding by Indian Oil Corporation and Oil & Natural Gas Corporation (ONGC) for selling its about 40 per cent stake in Haldia Petrochemicals (HPL). It is learnt that besides IOC, and ONGC, RIL, Cairn India, and GAIL are also eyeing the stake. The state government rejected Reliance IndustriesĆā (RIL) plea for an open auction for stake sale as it already announced it woul
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Krishnapatnam Port holds talks with PEs to offload stake
Media reports indicate that Krishnapatnam Port Company is holding discussion with some private equity funds to offload 6 percent stake and thereby mop up Rs 1,200 cr. The company wants to raise capital in order to expand the capacity of the port to 75 mn tonne from the current 50 mn tonne. It has plans to ramp up capacities to 100
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FIIs buy govt stake in state-run firms
The government raised about Rs 23,830 crore offloading stake in 7 state-run firms during 2012-13. 39 percent of this amount came from FIIs, union government said in a press release. Only about 25 percent came from Insurance Companies including LIC and less than 10 percent from banks including Public Sect
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CCEA clears new definition of control under FDI policy
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy. The revised definition will be as follows: Until now, the definition of "control", in the extant FDI policy is as under: "A company is considered as "controlled" by resident Indian citizens if the resident India
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Promoters, investors prefer debt instruments
Media reports indicate that promoters of Indian companies are increasingly preferring to raise funds through debt and investors are also willing to offer it through structured deals or their NBFC arms that could either be a part of their investment group or backed by them. Compared to equity funding, these investors prefer to deploy in debt instruments, reports indicate
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Cabinet clears proposal to widen scope of “control” in FDI policy
The union cabinet approved the alignment of the definition of "control" under the foreign direct investment (FDI) policy with the definitions under the guidelines of Securities and Exchange Board of India and Companies Bill 2012. Accordingly, under the FDI policy, 'control' would be defined as "the right to appoint a majority of the directors or to control the management or policy dec
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PE investors struggle to exit investment
A study by Deloitte India shows that private equity investment in India exceeded $100 billion since 1995, but only $25 billion of the investment has been withdrawn. In other words, in 80 per cent of investment, PE players have not got their money back, are struggling to find an exit and in some cases even written off their investment
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Yes Bank to raise capital for business development
Media reports indicate that YES Bank may raise capital by issuing shares through qualified institutional placement (QIP) or any other route in order to fund its expansion plan. The company may also consider Global Depository Receipts, American Depositary Receipts, follow-on public issue or by any other appropriate mode as decided by the Capital Raising Committee, the bank informed the Bom