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

Dalmia Bharat, UltraTech make similar bids for Binani Cement

The race for Binani Cement Ltd is headed for a photo finish with top two contenders—Dalmia Bharat Cement Ltd and UltraTech Cement Ltd—submitting nearly identical bids. The two finalists have submitted bids of roughly around Rs6,000 crore each, reports Mint, citing two people close to the bidding process. Read more

Tata Steel frontrunner to acquire Bhushan Power with Rs24,500 crore offer

Tata Steel has emerged a frontrunner to acquire debt-laden Bhushan Power and Steel after lenders to the company decided that they would only consider Tata Steel’s offer of Rs24,500 crore for further negotiations on Wednesday, setting aside an offer by rival steel-maker JSW Steel that is lower by Rs11,500 crore, reports The Economic Times.Read more

Mint had earlier reported that Tata Steel and JSW steel Ltd had submitted binding bids for Bhushan Power and Steel Ltd, with liquidation value and the fair value fixed at Rs9,000 crore and Rs24,000 crore, respectively, citing two people with direct knowledge of the development. Read more

Debt-laden Aircel to file for bankruptcy at NCLT

Telecom company Aircel will shortly file for bankruptcy at the National Company Law Tribunal (NCLT) and its board has been dissolved ahead of the move, reports The Economic Times, citing two people aware of the matter. Read more

Coca-Cola and its bottling partners in India plan to invest $5 billion till 2020

Hindustan Coca-Cola Beverages Pvt. Ltd, the bottling arm of Coca-Cola, has identified measures around product, distribution, digitisation, capability building and training as key to achieving its vision of becoming a $2.5-billion company by 2020, reports The Economic Times. Read more

Singapore’s GIC may buy 40% in Prestige rental unit for Rs1,400 crore

Sovereign investor GIC of Singapore has emerged as the frontrunner to buy a $200-million, or Rs1,400-crore, stake in the tenanted office space unit of leading southern developer Prestige Estates Projects, reports Times of India. Read more

Reliance Industries plans Rs60,000 crore integrated industrial area in Maharashtra

Reliance Industries Ltd (RIL), India’s largest private sector enterprise, and its global partners will set up the country’s first integrated industrial area in Maharashtra with an investment of Rs60,000 crore, RIL chairman and managing director Mukesh Ambani said on Sunday, Mint reported. Read more

Close