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 […]
Unlisted Shares News
ICEX set to launch black pepper contract, eyes up to 50% of market- 18.05.2019
The Indian Commodity Exchange (ICEX) is all set to launch a black pepper contract on May 20. The exchange is eyeing 25 per cent-50 percent of the Rs 3,000-crore physical market to use the price hedging on its platform in the first year. Talking to ET, Sanjit Prasad, CEO, ICEX said “Historically black pepper contract […]
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 […]
Sebi panel may recommend FPI investment in unlisted cos- 16.05.2019
The Securities and Exchange Board of India (Sebi) committee on the overhaul of regulations for offshore investors is set to recommend that foreign portfolio investors (FPIs) be allowed to buy shares of unlisted companies. The committee, headed by former RBI deputy governor HR Khan, is expected to include this suggestion in its final report, said […]
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 […]
New threat is coming Paytm Way- 05.05.2019
When Facebook CEO Mark Zuckerberg announced on April 24 that the company is actively working on to launch WhatsApp Pay in India, the message was clear to the digital payments leader in the country: Brace for the landfall. The country’s digital payments industry — estimated to hit $1 trillion by 2023 — is going to […]
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 […]
Mohan Meakin( Old Monk Manufacturer) Dec-18 Results Update- 01.05.2019
1. The Company has shown an excellent Revenue growth of 45% in the first 9MFY19 as compared to last year. 2. The EBITDA margins have also improved from 2.7% to 5.25% in the same period. 3. The EPS for the first 9M of FY19 stands at 27 which is higher than by 50% for the […]
CSB Bank Annual Results Update- 29.04.2019
(i) The company has very high employees benefit expense. (ii) They have close to 25% of employees expense in FY18-19 as compared to 20% last year. (iii) The average employee expense in the industry is only 10%. (iv) Plus this year they have done NPA provisioning of 261 Cr which is more than 94 Cr […]
