India's first public InvIT for road, highway projects in the works

After the success of the National Highways Authority of India’s (NHAI’s) first infrastructure investment trust (InvIT) with foreign institutional investors, the Centre is working on a......

Reliance Capital gets 10 more bids for subsidiaries

Reliance Capital Ltd (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Earlier this month,......

Sale of Reliance Capital's assets gets resounding response

Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap’s 51 per cent stake......

Kingfisher lenders sell United Spirits shares to recover dues

Late last week, lenders to Kingfisher Airlines sold 400,000 shares of United Spirits Ltd (USL) pledged with them, at about Rs 2,600 a share, for a total of about Rs 104 crore (Rs one billion).......