Equity

Jindal Stainless acquires remaining 46 pc stake in Chromeni Steels for Rs 278 cr – ET Infra

Promoters held 61.2 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.93 per cent, DIIs 14.72 per cent. Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the […]

Jindal Stainless acquires remaining 46 pc stake in Chromeni Steels for Rs 278 cr – ET Infra Read More »

UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT – ET Infra

NEW DELHI: Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement

UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT – ET Infra Read More »

Adani Enterprises, Adani Energy Solutions to consider fund raising next week – ET Infra

MUMBAI: Adani Enterprises and Adani Energy Solutions are looking at raising funds and will be having board meetings next week to approve the same. This fund raising will be done via equity, either through a private placement, a qualified institutional placement, or a preferential issue, both the companies informed exchanges. While Adani Energy Solutions’ board

Adani Enterprises, Adani Energy Solutions to consider fund raising next week – ET Infra Read More »

JSW Steel, Japan’s JFE Steel ink pact to mfg electrical steel in India – ET Infra

JSW Steel and JFE Steel have signed an agreement to set up a JV company to manufacture the entire range of cold rolled grain-oriented electrical steel (CRGO) products at Vijaynagar in Karnataka. In 2021, JSW Steel and Japan‘s JFE Steel signed a memorandum of understanding (MoU) to conduct a joint feasibility study to establish a

JSW Steel, Japan’s JFE Steel ink pact to mfg electrical steel in India – ET Infra Read More »

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