Reliance Industries shareholders will have to pay only 25 per cent for subscribing to the company's mega Rs 53,125-crore rights issue, and the balance will have to be paid in two instalments in May and November next year, the company said.
Blackstone has bought A Wing and some part of B Wing of the building, which has three wings with a total area of 1.5 million square feet.
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
An Indian-origin taxi driver was assaulted by a passenger in New Zealand, nearly two months after a cabbie from the community was stabbed to death in the country. Mohinder Singh is recovering at home from injuries received during the attack by a passenger in Brookfield on Sunday morning, New Zealand Herald reported on Tuesday, without identifying the assailant. Singh was among two Tauranga-Mount taxi drivers who were attacked in the past two days.
The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.
RIL's debt stood at Rs 3.06 trillion as of December 2019, against Rs 2.87 trillion in March 2019.
On the volume side, the number of M&A and PE deals was 110 in July, 15 per cent lower from 130 in July 2018.
In the rights issue, the company is offering one share for every 15 shares held at Rs 1,257. The rights shares are expected to be listed on the BSE and NSE on or around June 12.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
The optic fibre cable infra was with Jio Digital Fibre and the tower infra with Reliance Jio Infratel
Smartphone maker BlackBerry will sell most of its real estate holding in Canada in a bid to improve operational efficiencies as the firm is facing mounting losses and unsold handset inventory.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
FB deal puts RIL on course to be debt-free next year; Reliance Retail biggest gainer from WhatsApp, JioMart arrangement.
The answer to the age-old question lies in genetics.
The rating affirmation reflected RIL's strong business profile - a large-scale refinery with a capacity of around 1.2 million barrels a day and dominant market position in petrochemicals.
While previously selling of the marketing business, possibly to another state-owned firm, was being considered, the government is now mulling on hiving off the pipelines into a separate entity and selling off a majority stake in it.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
The length of the main trunk pipeline is 1,385 km from Kakinada to Bharuch and 75 km is the length of the spur lines.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Reflective of the conglomerate's ambition to turn into a consumer-driven business, most of the 33 acquisitions in the last financial year were for its digital, retail, or related verticals.
The company will now focus on value creation for shareholders in the defence and construction businesses.
With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap
China Development Bank takes Reliance Communications to NCLT over loan default
Younger brother Surendra wants to re-invest his share in real estate and education
Bigger companies are signing equity JVs with global investors.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
BlackBerry has no plans to sell its devices business even as the Canadian smartphone maker faces losses and inventory pile
Cabinet to take up proposal to extend operation & maintenance contracts from 9 to 29 years
Raghavendra Kamath reports on what ails India's real estate sector.
The lower yield is better for property landlords as it indicates an appreciation in the capital value of the property, says Raghavendra Kamath.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
Decision to build or buy a platform is a function of price but buyouts are helping large investors create a medium and influence outcomes.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
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