Mumbai: Adani Group-owned Ambuja Cements Limited on Tuesday announced the completion of the acquisition of Sanghi Industries Limited, at an enterprise value of Rs 5,185 crore. Soon after the release, shares of Ambuja Cement rose 7 per cent to Rs 510.30 in intraday trade while shares of Sanghi Industries reached Rs 129.90 with an upper circuit of 5 per cent. …
Around Rs 250 crore was generated by various accused like former West Bengal Minister Partha Chatterjee and his close aide Arpita Mukherjee in the primary teachers’ recruitment scam. “The interrogation of Ayan Sil revealed that an amount of Rs 200 crore has been collected from candidates towards giving them illegal appointments in various municipalities of West Bengal,” the ED has …
The Enforcement Directorate has arrested a real estate developer in connection with the alleged multi-crore school recruitment scam in West Bengal. ED officials said Sil is a close aide to former TMC youth wing leader Santanu Banerjee. ED officials said Sil is a close aide to former ruling Trinamool Congress youth wing leader Santanu Banerjee, who was earlier arrested for …
Cash-strapped IL&FS Group on Wednesday said it has completed sale of its 73.69 per cent stake in education business, held under Schoolnet India Ltd, to Falafal Technologies. Falafal Technologies Pvt Ltd has paid Rs 7.37 crore as equity value for shares of SIL held by IL&FS Ltd and IL&FS Employee Welfare Trust, in addition to taking over SIL's fund based …
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