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Mergers & Acquisitions | 21 March 2012

GVK Power To Sell Stake In Alpha Coal Project To Raise Funds

by Irfan Khan
GVK Power To Sell Stake In Alpha Coal Project To Raise Funds
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GVK Power & Infrastructure is planning to sell stake in Alpha coal project and related port and rail assets in Australia to raise funds for $10Bn cost of the projects.

According to Paul Mulder, chief executive of Hancock Coal, the Australian arm of GVK, the process is under way, with Macquarie advising on the sale of the infrastructure stake while Citi is advising on the sale of the mine stake.

Lodha Developer's Subsidiary - Lodha Dwellers To Raise R100Cr Via NCD Issue

Lodha Developer's Subsidiary - Lodha Dwellers To Raise R100Cr Via NCD Issue

Lodha Dwellers Private Limited is planning to raise R100Cr through NCD by issuing 100 Secured Redeemable NCDs of face value of R1Cr each.

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Vedanta India To Acquire Stake In Cairn India

Vedanta India To Acquire Stake In Cairn India

Goa based Vedanta Limited, is going to acquire up to 5.33% stake in oil and gas exploration company Cairn India for over R2,200 Cr . It will acquire 100 Mn shares from Twin Star Mauritius Holdings on June 3, 2015 or within a period of 90 days at R220.40 per share.

Read More...
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