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Foxconn pings other large business houses as Vedanta chip JV stalls, ET Telecom

Govt suggests co to look for a different partner, citing differences with Vedanta group: Source ....

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Foxconn Starts Looking For New Partner With Vedanta JV Facing Issues

Foxconn Starts Looking For New Partner With Vedanta JV Facing Issues
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Department of investment and public asset management (Dipam) | Centre looking to sell part of residual 49 per cent stake in Balco through a public offer

Balco has to withdraw 2009 arbitration case it filed against government over valuation dispute of residual stake ....

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Govt holds preliminary talks with BALCO for withdrawing arbitration initiating IPO process

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

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Government holds preliminary talks with BALCO for withdrawing arbitration, initiating IPO process

NEW DELHI The government is looking to sell a part of its residual 49 per cent stake in Balco through a public offer and is engaging with the firm’s promoter Vedanta to withdraw arbitration and facilitate stock exchanges listing of the company, DIPAM Secretary Tuhin Kanta Pandey said. The Ministry of Mines and the Department of Investment and Public Asset Management (DIPAM) have held ‘preliminary talks’ with Vedanta Ltd — the promoters of erstwhile public sector company BALCO, he said. BALCO has to withdraw a 2009 arbitration case it filed against the government over valuation dispute of the residual stake. “We have talked (with BALCO promoters) at preliminary level. We will engage with them in detail. If we have to do public listing, they (Vedanta) will have to withdraw the case. If they agree then we can move forward,” Pandey told PTI. The government wants to sell part of its 49 per cent stake in BALCO in the initial public offering (IPO) before ....

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