Mcleod Russel to dispose 8 tea estates in Assam
Mcleod Russel has entered into a memorandum of understanding (MoU) to sell its 8 tea estates, to M.K. Shah Exports for Rs.331 crore. The tea estates...
Tag : sell
Avenue Supermarts promoter to sell up to 1% stake, to meet MPS norm
Avenue Supermarts promoter Radhakishan Damani will sell up to 1% stake in the company, via open market transaction. The company stated, “Promoter Radhakishan Shivkishan Damani...
Flipkart board approves proposal to sell 75% stake to Walmart
Flipkart’s board of directors has given an approval to sell approx 75% stake to a group led by Walmart, for approx USD 15 billion. As a...
L&T to sell electrical and automation business for Rs.14,000 crore
Larsen & Toubro (L&T) has entered into a definitive agreement to divest in its electrical and automation business for Rs.14,000 crore, to Schneider Electric. The deal covers all segments of...
Tata Power signs agreement to sell defense business to TASL
Tata Power has signed the implementation agreement with Tata Advanced Systems Ltd (TASL), to sell its Strategic Engineering Division (SED) involved in defense business. The SED is...
Shree Renuka Sugars to sell Brazilian operations
Shree Renuka Sugars‘ board has decided to sell the Brazilian operations of the company. In a BSE filing the company stated, “The board of directors,...
Ballarpur Industries to sell Sabah Forest Industries
Ballarpur Industries will be selling entire assets of its Malaysian unit, Sabah Forest Industries Sdn Bhd. Sabah Forest Industries Sdn. Bhd. and Pelangi Prestasi Sdn. Bhd....
HDFC to sell over 4% stake in HDFC AMC via IPO
HDFC Ltd will sell over 4% stake in HDFC AMC, which is its asset management arm via an initial public offer (IPO). In a regulatory...
ONGC proposes to sell OPaL stake to fund HPCL acquisition
ONGC proposes to sell its stake in ONGC-Petro Additions Ltd (OPaL), to fund acquisition of HPCL. As per a senior official, “We traditionally have been a debt-free...
Info Edge to sell stake in Zomato
Info Edge India is going to sell its stake in Zomato Media for USD 50 million. The company stated that, it has took into consideration recommendation...