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Adani Ports to invest ₹10,000 crore to build new gateway into Maharashtra
Representative photo: Under the Corporate Insolvency Resolution Plan (‘CIRP’), APSEZ completed the acquisition of DPL for ₹705 crores
(Ashesh Shah/Mint)Premium
The company will strengthen and repair existing infrastructure and invest in development of facilities for dry, container, and liquid cargo, said Adani Ports in a statement
APSEZ will be investing ₹10,000 crores to develop Dighi Port Limited (DPL) into an alternate gateway to JNPT
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Adani Ports and Special Economic Zone Ltd today completed the acquisition of 100% stake of Dighi Port Limited (DPL) for Rs705 crore.
Tata group to take $1.3 billion stake in BigBasket: Report
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Tata s stake will translate into an enterpise value of ₹13,500 crore for BigBasket, the report said
(Photo: Mint)
Anuron Kumar Mitra
, Reuters
Indian conglomerate Tata group will buy a 68% stake in Alibaba-backed online grocery startup BigBasket for about ₹9,500 crore ($1.31 billion), the report said
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India s Tata group will buy a 68% stake in online grocery startup BigBasket for about ₹9500 crore ($1.31 billion), television channel ET Now said on Tuesday, citing sources.
The salt-to-software conglomerate has been planning to launch a super app that will tie in all its consumer businesses, according to media reports, as it competes against Amazon.com Inc and Reliance Industries Ltd in India s booming e-commerce market.
Indian Oil to monetise pipeline assets
A logo of Indian Oil is picture outside a fuel station in New Delhi, India August 29, 2016. REUTERS/Adnan Abidi/Files
(REUTERS)
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Indian Oil Corporation Ltd (IOC) is considering the sale of stakes in a few of its network of crude oil and petroleum product pipelines as part of an asset monetization plan, Sandeep Kumar Gupta, director in-charge of finance of the state-run refiner and marketer, said on Tuesday.
IOC, however, would not relinquish its control of these businesses, he said.
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