Tata Power mulling $473 million renewable energy unit IPO
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Last Updated: Apr 30, 2021, 07:33 PM IST
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The power company has abandoned earlier plans to seek a partner to invest in its green assets via an investment trust, the people said, asking not to be identified as the information is private.
Deliberations are ongoing and details such as the size and timing could change, the people said. A representative for Tata Power couldn’t immediately comment.
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By Baiju Kalesh and P R Sanjai
Tata Power Co., controlled by India’s largest conglomerate Tata Group, is weighing an initial public offering for its renewable energy business that could raise about 35 billion rupees ($473 million), according to people familiar with the matter.
IPO boom prompts ICICI Bank to hire more investment bankers
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Last Updated: Apr 20, 2021, 07:15 AM IST
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The new roles will be concentrated in sectors such as technology and health care, Ajay Saraf said.
ETMarkets.com
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India’s second largest private lender
ICICI Bank Ltd. is making its biggest hiring push in investment banking and institutional equities in four years, as it anticipates a rise in companies going public.
The Mumbai-based firm plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total, according to Ajay Saraf, head of investment banking and institutional equities at
By Baiju Kalesh and Anto Antony
Walmart Inc.’s Flipkart is exploring going public in the U.S. through a merger with a blank-check company as it seeks to quicken its listing process, according to people familiar with the matter.
The Bengaluru-based online retailer has been weighing a U.S. initial public offering and it’s now also looking at other options, the people said. Flipkart’s advisers have approached several SPACs, said one of the people, who asked not to be identified as the information is not public. Flipkart could seek a valuation of at least $35 billion in a blank-check transaction, the people said.
SBIs plans to list the mutual fund arm is part of its strategy to extract more value from its units after divesting some of its stakes in its life insurance and cards businesses last year.
Tata Chemicals in advanced talks to buy debt-laden Archean’s unit
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Last Updated: Jan 12, 2021, 03:46 PM IST
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The board of Tata Chemicals is set to discuss the potential offer as soon as this month, said the people, who asked not to be identified as the information is private.
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By Baiju Kalesh and P R Sanjai
Tata Chemicals Ltd. is in advanced talks to acquire the industrial salt unit of Archean Group that could value the business at 4.5 billion rupees ($61 million) at a minimum, according to people familiar with the matter.
The board of Tata Chemicals is set to discuss the potential offer as soon as this month, said the people, who asked not to be identified as the information is private. Negotiations are ongoing and could still fall apart, the people said.