Unlisted Shares News

Essar Steel reports ₹4,229 cr EBITDA during insolvency period- 20.05.2019

Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation, and amortization) of ₹4,229 crore during its Corporate Insolvency Resolution period (over 600 days).In an affidavit filed before the National Company Law Appellate Tribunal (NCLAT) last week, the resolution professional said the company earned ₹4,000 crore from its operations between August 2017 and February […]

Sterlite commissions first power project in Brazil ahead of schedule- 17.05.2019

Sterlite Power Wednesday said it has delivered first power transmission project in Brazil 28 months ahead of schedule. “Sterlite Power celebrates the kickoff of operations in the Arcoverde project. This is the first of 10 projects assigned to the company in Brazil,” a company statement said. According to the statement, the company began construction work […]

Indian Commodity Exchange Limited (ICEX) Unlisted Share

Anil Ambani’s ICEX, Metropolitan Stock Exchange initiate merger talks

Two Indian exchanges — Anil Dhirubhai Ambani Group-promoted Indian Commodity Exchange (ICEX) and Metropolitan Stock Exchange (MSE) – are in initial talks for a merger, sources told Moneycontrol. MSE does not have much of a product list. It has only one active currency product and was struggling to raise capital to comply with the market regulator’s […]

India’s Nayara Energy closes $750 mln pre-pay with Trafigura, BP- 03.05.2019

Russian-backed Indian refiner Nayara Energy has completed a long-term pre-payment deal with BP and global commodities trader Trafigura for $750 million, Nayara’s chief executive said on Wednesday. The deal, backed by a consortium of international banks, will see the two firms repaid with future gasoline and gasoil over the next four years. Pre-payments are one […]

KKR makes first bet on infrastructure business with Sterlite- 01.05.2019

Sterlite Power Transmission and US private equity giant KKR have agreed to cosponsor and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid Trust (IndiGrid) is aiming to raise Rs 2,560 crore through a qualified institutional […]