Talks will begin later on the share purchase agreement, which will be done much later, after the negotiations are completed.
Infrastructure company Lanco Infratech on Monday said it has firmed up investment plans of Rs 24,000 crore (Rs 240 billion) for becoming a 9,300 MW company in the next four years from the current power generation capacity of 2,082 MW.
With another rate cut unlikely to happen soon, coupled with a muted order inflow trend, investors should tread with caution.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Striking another major deal in less than four months, Adani Power on Mondayentered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore.
The index gained 572 points, or 2.4 per cent, this week while the Nifty added 164 points, or 2.3 per cent
The market benchmark appears set to end 2013 on a positive note with a modest gain of over 7 per cent, but such gains are not to be seen in a majority of stocks available in the market, which predominantly include those of mid-size and smaller companies, shows an analysis of various indices.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
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