COMMODITIES

RIL's partner Niko puts KG-D6 stake for sale

November 14, 2016 | PTI

Reliance Industries' partner Niko Resources of Canada has put on sale its 10 per cent stake in the flagging KG-D6 gas block off the east coast.

Exclusive: Motilal Oswal Private Equity scores exit from maiden investment

November 09, 2016 | Bruhadeeswaran R

The private equity arm of Motilal Oswal Financial Services Ltd has struck another full-exit from its legacy fund, India Business Excellence Fund-I, adding to a string of around half a dozen part or full exits clocked in the last twelve months.

KKR-backed Dalmia Bharat to consolidate cement biz

November 07, 2016 | TEAM VCC

Dalmia Bharat Ltd will merge all its cement businesses under one listed firm to consolidate operations, as per a stock market disclosure. This would mark the second leg of a group restructuring and would create the fourth largest cement producer in the country.

Govt asks Reliance Industries to pay $1.55 bn for drawing ONGC’s gas

November 04, 2016 | PTI

The government has sought USD 1.55 billion from Reliance Industries and its partners for drawing natural gas belonging to state-owned ONGC in the KG basin over the last seven years.

Exclusive: Galaxy Surfactants in sale talks with overseas firms

October 21, 2016 | Ranjani Raghavan

Mumbai-based Galaxy Surfactants Ltd., which makes ingredients for soaps and washing powders, is in talks with overseas firms to divest a controlling stake in the company, three people familiar with the development told VCCircle.

Bombay High Court asks ONGC to release $21 mn in payments to Swiber

October 19, 2016 | Maulik Vyas

A local unit of Singapore’s Swiber Holdings Ltd, which is battling bankruptcy at home, has got a breather after the Bombay High Court directed state-run explorer Oil & Natural Gas Corporation to release $21 million to the oilfield services contractor that it can use partly to pay its Indian v

Exclusive: Fine Organics finalising plans to go public

October 14, 2016 | Bruhadeeswaran R

Mumbai-based Fine Organics Industries Pvt. Ltd is in late stages of talks to finalise plans to take the listing route when the stock markets have shown a strong appetite for IPOs, two persons close to the development told VCCircle.

CK Birla firm to buy two cement assets from Jaypee Group for $300 mn

October 06, 2016 | TEAM VCC

CK Birla group firm Orient Cement Ltd has struck twin deals with Jaiprakash Associates Ltd to buy its majority stake in a joint venture with Steel Authority of India Ltd (SAIL) and a grinding unit from another group firm to expand to other regions.

Blackstone-backed Monnet Ispat in talks to sell steel and power business

September 28, 2016 | Deepak Kumar Sahu

Debt-laden Monnet Ispat and Energy Ltd (MIEL) is in advanced discussions with various investors for a stake sale in the company, its chairman and managing director Sandeep Jajodia said.

Essel Propack buys out partner in European JV

September 21, 2016 | Debjyoti Roy

Essel Propack, a manufacturer of laminated and seamless or extruded plastic tubes, has acquired 75.1% stake it did not own in its European joint venture Essel Deutschland Germany (EDG), it said on Wednesday.

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