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Liberty paid Rs 262.45 crore plus interest of Rs 8 crore to take the Nellore based steel company, its second acquisition through the bankrutpcy process after acquiring the bankrupt Adhunik Metaliks and its associate Zion Steel in February 2020 under the insolvency law in a Rs 425 crore cash deal.
Stocks in the news: Maruti, M&M, ONGC, Dr Reddy’s Labs, Infibeam and Route Mobile Dr Reddy's Laboratories on Saturday said it has inked a pact with Glenmark Pharmaceuticals to acquire its select anti-allergy brands.
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… Read MoreRebids for DHFL likely to be called this weekCreditors are confident that they are well within their rights to ask for a rebid as they seek to maximise returns. They have also sought former attorney general Mukul Rohatgi’s opinion on whether rebids can be done in the cu… Read MoreStocks in news: IHCL, ICICI Lombard, Healthcare Global, Hero Moto, Auto in focus, and more
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… Read MoreVehicle, MSME loans see robust growth in OctoberNon-food bank credit growth decelerated to 5.6 per cent on a year-on-year (y-o-y) basis, in October 2020 from 8.3 per cent in October 2019.
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… Read MoreGovt-backed stress fund kickstarts a revival in realtyThe SBICAP Ventures managed fund has cleared investments worth over Rs 13,200 crore for 136 projects and has started deploying funds across 36 projects.
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