NEW DELHI: O2 Power, promoted by European alternative asset manager EQT and Temasek, is acquiring a 49% stake in Rahul Munjal-led Hero Future Energies Pvt. Hero Future Energies sold 20% stake for $150 million to Masdar, also known as Abu Dhabi Future Energy Co. in November 2019, valuing the New Delhi-based company at $750 million. The O2 Power-Hero Future Energies …
New Delhi: Moving at jet speed, the two-stage bid process for selling of entire 100% equity stake in national carrier Air India could kickstart as early as 7 July. Multiple sources said that selling of Air India is the unfinished agenda of the previous government and now that they have made a comeback, the deal would be concluded this time. …
By Nirbhay Kumar New Delhi, June 4 Moving at jet speed, the two-stage bid process for selling of entire 100 per cent equity stake in national carrier Air India could kickstart as early as July 7. "Besides offering 100 per cent stake to private investors, more loans of the airline would be transferred to the special purpose vehicle in order …
New Delhi, Feb 1 The government has provided a token amount of just about Rs 1 lakh as budgetary support to the ailing national carrier Air India which has been saddled with a debt burden of around Rs 55,000 crore. However, the Finance Minister has proposed to provide Rs 2,600 crore for the next fiscal to a special purpose vehicle …
New Delhi: The government is eyeing around $1 billion from the sale of national carrier Air India in the next financial year, a government official said. In November last year, a ministerial panel headed by finance minister Arun Jaitley had approved transferring Rs 29,000 crore debt to a special purpose vehicle – Air India Asset Holding Company. After a botched …