Tag Archives: DEAL1

July 26 (Reuters) – Qatar’s sovereign wealth fund is in talks to buy a minority stake in the retail arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries (RELI.NS), the Financial Times reported on Wednesday. The Qatar Investment Authority is considering a $1-billion investment in Reliance Retail Ventures, for a …

Kotak is one of India’s small general insurance firms A successful deal for Chubb would be its second India foray MUMBAI, July 25 (Reuters) – US insurer Chubb (CB.BN) is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favored suitor than …

BENGALURU, July 25 (Reuters) – Shares of Indian conglomerate ITC (ITC.NS) shares fell as much as 3.3% on Tuesday, extending a slide from the previous session, as investors baulked at the company’s plans to retain a 40% stake in its hotels business after spinning it off. ITC said on Monday …

NEW DELHI, July 25 (Reuters) – The privatization of India’s BEML (BEML.NS) is held up due to delays in final approvals from the local state government to complete the transfer of land to a spun-off unit, said two sources. The Indian government is looking to sell 26% out of the …