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Bharti Airtel, GAIL (India), Phillips Carbon Black in focus

Bharti Airtel said that it will acquire a Warburg Pincus affiliate s 20% equity stake in its DTH arm Bharti Telemedia for a total consideration of about Rs 3126 crore which will be discharged primarily via issuance of 36.47 million equity shares of Bharti Airtel at a price of Rs 600 per share; and up to Rs 1037.80 crore in cash. The proposed transaction is part of Airtel s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group. A full control and ownership over Bharti Telemedia allows Airtel to offer differentiated and converged solutions to customers so as to promote One Home strategy.

WABAG secures Financial Closure of NMCG Project and ties up Investment Partner

WABAG secures Financial Closure of NMCG Project and ties up Investment Partner Posted On: 2021-02-17 11:34:56 (Time Zone: Arizona, USA) VA TECH WABAG LIMITED ( WABAG ), a leading Pure Play Water Technology Indian Multinational Company has completed the Financial Closure for its Hybrid Annuity Model ( HAM ) project received from Kolkata Metropolitan Development Authority ( KMDA ). WABAG had earlier signed a Rs. 575 Crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG ) which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and up-gradation of existing sewage treatment plants, rehabilitation of pumping stations and other associated infrastructure in Kolkata. WABAG will execute Engineering, Procurement and Construction ( EPO ) portion of this project over 24 months followed by O&M of 15 years. Once complete, the project with a cumulative wastewater treatme

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