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Construction & Infrastructure News

McGraw Hill Financial buys 15.1% equity in Crisil

August 2013

By acquiring 15.1 per cent equity shares worth Rs 1,290 crore ($214 million) in Crisil, the McGraw Hill Financial has raised its stake in the credit ...

equity shares, McGraw Hill Financial, stake

ONGC, OIL to buy 10% Videocon stake in Mozambique gas field

August 2013

Keeping in mind the country's requirement for energy security, the Indian government-owned ONGC and Oil India (OIL) are said to be taking efforts to ...

energy security, Indian government-owned, ONGC, Oil India, stake, Videocon Industries, Mozambique gas field

Govt divests stake in NTPC

August 2013

Government of India has divested 9.5 per cent stake of National Thermal Power Corporation (NTPC) through Offer for Sale (OFS) mechanism. After the co...

Government of India, stake, National Thermal Power Corporation, Jyotiraditya M. Scindia, Rajya Sabha

Indiabulls buys Amaprops stake in its subsidiary

August 2013

For a total sale consideration of Rs 260 crore, Indiabulls Housing Finance has bought the entire 42.5 per cent stake of Amaprop in its subsidiary, I...

Indiabulls Housing Finance, stake, Amaprop, Indiabulls Finance Company

India's GAIL plans divestment of its stake in China Gas

August 2013

Indian government-owned GAIL India is planning a partial divestment of its current 4.6 per cent stake In the Hong-Kong listed gas distribution compan...

Indian government, GAIL India, partial divestment, stake, Hong-Kong, China Gas Holdings

CCEA clears new definition of control under FDI policy

August 2013

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing ...

foreign direct investment, FDI, control, stake, equity, shares, governance, Cabinet Committee on Economic Affairs, CCEA

FIIs buy govt stake in state-run firms

August 2013

The government raised about Rs 23,830 crore offloading stake in 7 state-run firms during 2012-13. 39 percent of this amount came from FIIs, union gov...

foreign institutional investment, FII, bond, instrument, capital, economy, auction, disinvestment, public, issue, stake, equity, shares

Govt eyes Rs 3,750 cr via 10 per cent stake sale in Indian Oil

August 2013

The Union government, which holds 78.92 per cent stake in Indian Oil Corporation (IOC), will sell 10 per cent stake in IOC. Through the stake sale th...

Union government, Indian Oil Corporation, stake in IOC
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