MUMBAI: In a coup against the Shapoorji Pallonji group, the Supreme Court on Tuesday ordered a status quo on creating pledges or liens on the shares of Tata Sons. The Shapoorji Pallonji group had been pledging shares it had in Tata Sons to raise funds. The hearing has been postponed …
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The Shapoorji Pallonji (SP) group will have to look for alternative ways to raise funds: sell its stake in the publicly traded subsidiary Sterling and Wilson, offer plots of land across India, or restructure project-level debt, among its options, after Tatas. upset their plans to the actions of Tata Sons. …
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IT services firm Happiest Minds Technologies has raised Rs 316 crore from anchor investors, ahead of its initial public offering that opens on Monday. Some of the main investors are the Government of Singapore, Goldman Sachs, Kuwait Investment Authority, Nomura Funds Ireland, Jupiter India and Pacific Horizon Investment. A total …
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Vodafone Idea (VIL) shares rose 20 percent, for the second day in a row, to 11.88 rupees on the BSE on Thursday before the board meeting on Friday to consider the fundraising plan. Shares of the telecommunications service provider had risen 11 percent on Wednesday. With the increase of the …
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