The infrastructure push in the country has been gaining momentum steadily. Last week Reliance Infra raised up to Rs.550 crore by preferential allotment of shares to reduce debt and fund future growth. Adani group has incorporated a new wholly-owned subsidiary Adani Cement Industries increasing the competitiveness in the booming cement sector which is expected to do well in the coming years....
Adani Group plans launch IPO and hive off it’s airport business The Adani Group has begun preliminary talks to separate its airport business from the holding entity Adani Enterprises Ltd. It is expected to raise $500 million through a private placement of shares in Adani Airports Holdings. Adani controls Mumbai airport, India’s second busiest, as well as six regional facilities –...
Daily Market Analysis on Insurance, Indian Oil Corporation, Renewable energy, Goldman Sachs, Insurers to make Life, Health cover norms tougher On account of both the pandemic as well as the Insurance Regulatory and Development Authority (IRDA) new rules for health insurance on standardization of terms and conditions. Insurers will be making the purchase of life and health cover...
Adani Group checks into Mumbai Airport by acquiring 23.5% stake; on way to 74% ownership of MIAL The Adani Group has formally checked into Mumbai International Airport Ltd. by acquiring a 23.5 %stake in it held by two foreign firms ACSA and Bid Service Division Mauritius Ltd (Bidvest) Rs 1685.2 cr.Adani Group is going to acquire a 74% stake in MIAL, by getting the right to develop the...