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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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AIG sells stake in Chinese insurer PICC in a block deal for $1.25 billion

AIG sells stake in Chinese insurer PICC in a block deal for $1.25 billion

American International Group (AIG) has sold a large part of its stake in PICC Property and Casualty Co. Ltd in a block deal. The American company sold about 740 million shares for HK$13.08 per share. This price was near the bottom end of the price range, but it garnered AIG HK$9.68 billion or $1.25 billion.

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