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UK firm buys 8% in Idea for Rs 960 cr

UK-based independent asset manager GLG Partners has picked up an 8 per cent stake in the Aditya Birla group-controlled Idea Cellular. The deal size is estimated at $213 million (Rs 960 crore).This......

Investors home in on water management

Though the roads and power portfolios have disappointed private equity (PE) investors, other essential public utilities such as water remain an attractive area.Recently, CLSA Capital Partners, a......

MCX initial offer set to hit market by next month

After a long lull, India's equity primary market is set to witness some activity. The Multi Commodity Exchange of India (MCX) is set to hit the market with its initial public offer (IPO) in......

MCX files IPO prospectus, to list on BSE

The Multi Commodity Exchange has filed its draft red herring prospectus with the Securities and Exchange Board of India for the company's public offer. It will list only on the Bombay Stock......

The creation of a Rs 50,000-crore giant

Reliance Infratel, the tower arm of Anil Ambani-led Reliance Communications (RCom), on Sunday agreed to merge its 50,000-tower portfolio with GTL Infrastructure in a cash and stock deal, making it......

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