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Foxconn-Vedanta's $19.5 bn chipmaking JV falls through

TMT

10 July, 2023

Foxconn-Vedanta's $19.5 bn chipmaking JV falls through

Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta, in ......

Vedanta hires Holcim exec Sonal Shrivastava as CFO

Manufacturing

15 May, 2023

Vedanta hires Holcim exec Sonal Shrivastava as CFO

Indian resources conglomerate Vedanta Ltd on Monday named Holcim AG executive Sonal Shrivastava as its new chief financial officer, effective ......

Grapevine: Vedanta, Torrent eye Coastal Energen; Omega Seiki seeks PE funding

General

05 May, 2023

Grapevine: Vedanta, Torrent eye Coastal Energen; Omega Seiki seeks PE funding

Power generation company Coastal Energen, which is undergoing an insolvency process, has attracted interests from a clutch of buyers that ......

Hindustan Zinc's $3-bn bid to buy Vedanta's assets lapses

Manufacturing

02 May, 2023

Hindustan Zinc's $3-bn bid to buy Vedanta's assets lapses

Hindustan Zinc Ltd's proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as ......

Grapevine: Blackstone to sell stake in IBS; Former Godrej Properties CEO's new venture

General

13 April, 2023

Grapevine: Blackstone to sell stake in IBS; Former Godrej Properties CEO's new venture

Private equity groups Apax Partners, CVC Capital and Thomas H. Lee Partners (TH Lee) are vying to acquire a minority ......

Grapevine: Vedanta may raise up to $2 bn; Nalwa highest bidder for McNally Bharat

General

12 April, 2023

Grapevine: Vedanta may raise up to $2 bn; Nalwa highest bidder for McNally Bharat

US hedge fund Farallon Capital Management is in advanced negotiations to provide $1.5-2 billion funding to Vedanta, The Economic Times ......

Grapevine: HZL unlikely to buy Vedanta's zinc business; RK Swamy to launch IPO

General

05 April, 2023

Grapevine: HZL unlikely to buy Vedanta's zinc business; RK Swamy to launch IPO

Facing strong opposition from the government, Hindustan Zinc Ltd (HZL) is unlikely to act on the proposal to buy parent ......

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Deals Digest: Fintech cos lead funding race this week

TMT

20 January, 2023

Deals Digest: Fintech cos lead funding race this week

Financial services sector took the front seat in funding activity this week, which also saw Walmart-owned digital payments app PhonePe ......

Sterlite Power waiting it out, to roll IPO depending on market demand

Infrastructure

26 July, 2022

Sterlite Power waiting it out, to roll IPO depending on market demand

Vedanta Group unit Sterlite Power Transmission Ltd is waiting for market conditions to turn favourable before it launches a planned ......

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

Consumer

21 January, 2022

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (EoIs) for debt-ridden Videocon Industries ......