According to a banking source, the government-owned insurer sold its holding of ₹3,800 crore back to the airline after AI offered to pre-pay debt worth ₹12,900 crore to investors.
LIC, which had invested 3,000 crore, exited at a premium and will not invest in the airline in future as it will now be owned by a private limited company, said a source close to the development.
Diese Geschichte stammt aus der January 27, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 27, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
G7's coal phaseout move may impact COP29, G20 talks
The Group of Seven (G7) developed economies, ☐ in the recent meeting of its Climate, Energy, and Environment Ministerial, has decided to phase out unabated coal during the first half of the 2030s.
Small (car) is beautiful
The Indian passenger vehicle industry has had a stellar year.
10 stocks that get institutional seal of approval
Equity investments by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) in the Indian market have shown a mixed trend over the past six months.
Declare chronic ailments with insurers willing to cover them
By paying extra premium, you can reduce waiting period for pre-existing conditions
Deal valuations weigh on Apollo Hospitals stock
Brokerages believe the transaction is positive despite valuation concerns
Havells: Positive outlook priced in
Good results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) and the promise of seasonal demand for cooling have led to a positive outlook on Havells.
BSE now corners a fifth of derivatives mkt share
From 0 to 21% in less than a year, the bourse is making further strides
Unfavourable conditions
Workplace culture remains hostile for women
A Chinese invasion of the auto landscape
As seen in Australia, tariff cuts may have an unwelcome outcome for domestic car makers
Dr Subbarao's book of revelations
In 1974, a bright young assistant collector from the Indian Administrative Service (IAS) did something that, by his own admission, was not straightforward.
