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Promoters of the merged entity, Bharti Group and Vodafone Group’s shareholding in the merged entity is 36.7% and 28.12%, respectively. Mauritius-based P5 Asia Holding Investments will hold 3.25%.
‘Aramco deal has not progressed as planned’While Ambani didn’t give any new timeline for the completion of the deal with Saudi Aramco, the chairman said RIL has been “approached by global companies for strategic partnerships in the petrochemical business”. He, however… Read MoreEmbassy, Indiabulls Real Estate to merge assetsThe definitive agreement for the merger is expected to be placed before the listed company's board by August 15, Indiabulls Real Estate said in a stock exchange filling on Wednesday. As per the plan, Embassy’s 62 million sq f… Read MoreAfter a $20 billion Jio frenzy, Ambani seeks money for retailAsia’s richest man and the chairman of Reliance Industries Ltd. told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start bringing some on board in the coming months.
from Stocks… Read MoreLower borrowing costs can’t save India’s shadow banks in crisisIt’s imperative that the health of shadow banks improve because they form the backbone of the Indian economy and lend to everyone from small merchants to business tycoons. Prime Minister Narendra Modi needs to kick-start lend… Read MoreStocks in the news: Infosys, YES Bank, Titan, Cadila Healthcare, IDBI Bank and L&T FinanceYES Bank's Rs 15,000 crore FPO was subscribed 22 per cent at the end of first day of the bidding process.
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