Home >Companies >Deals Buzz: Singtel raises stake in Bharti Telecom, invests Rs2,649 crore

Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.

Greenko Group, Hero Future Energies eye Essel Infraprojects’s solar business

Greenko Group and Hero Future Energies Pvt. Ltd are separately looking to acquire Subhash Chandra’s Essel Infraprojects’s solar business, reports Mint, citing two people aware of the development. Read more

Warren Tea, Dhunseri vie for Assam Co

India’s oldest surviving and perhaps the most prized tea company (in terms of its assets) is set to go under the hammer. Even before the information memorandum has been circulated, 179-year-old Assam Co. India Ltd has several suitors: MK Shah Exports Ltd, Warren Tea Ltd and Dhunseri Group to name a few, reports Mint. Read more

Reliance Industries emerges sole contender to acquire stake in JBF Industries

Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has emerged as the sole contender to acquire a part of polyester maker JBF Industries Ltd’s operations in a transaction that will include its entire overseas operations and an upcoming plant in Mangalore, reports Mint citing two people directly aware of the ongoing negotiations. Read more

Liberty House in talks with banks over revised Amtek Auto bid

UK-based Liberty House Group is in talks with the lenders of Amtek Auto Ltd to submit a revised bid for the troubled auto component maker after its previous bid was rejected by a panel of lenders supervising Amtek’s bankruptcy proceedings, reports Mint, citing two people close to the development. Read more

Casagrand Distripark in talks to raise Rs500 crore

Warehousing firm Casagrand Distripark Pvt. Ltd, a developer and operator of industrial and warehousing parks, has initiated talks with private equity and infrastructure investors to raise around Rs500 crore, reports Mint, citing two people aware of the development. Read more

Singtel raises stake in Bharti Telecom, invests Rs2,649 crore

Singapore Telecommunications Ltd (Singtel) will increase its stake in Bharti Airtel by investing Rs2,649 crore in parent Bharti Telecom Ltd through a preferential allotment of shares, proceeds of which will be used for debt reduction by India’s largest carrier, reports The Economic Times. Read more

Shell India drops plan to sell 30% stake in Panna-Mukta

Shell India, the operator of the Panna-Mukta-Tapti fields, a joint venture, has shelved its plan to sell its 30% stake in Panna and Mukta oil fields, reports Mint, citing two people aware of the development. Read more

Lenskart invests $4 million to expand John Jacobs brand stores

Online eyewear firm Lenskart on Sunday said it expects its affordable premium eyewear brand John Jacobs to clock revenues of Rs500 crore by FY2020-21 as it expands the offline retail presence of the brand. Lenskart is investing $4 million into the brand to set up more stores across cities like Bengaluru, Mumbai and in Delhi-NCR, PTI reports. Read more

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