The Adani group and Reliance Industries, conglomerates, India's top business are among the 15 entities that have submitted their expressions of interest (Eols) to acquire the assets of bankrupt Future Retail (FRL).
April Moon Retail, a joint venture between Adani Airport Holdings and promoters of the Flemingo group, Reliance Retail Ventures, and Dharampal Satyapal, a consumer product firm, are among the suitors, banking sources said. Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation, UV Multiple Asset Investment Trust's Special Situation Fund, and United Biotech had also sent in their Eols by November 3, the extended deadline for potential buyers to submit their documents.
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Cement stocks may remain tepid in near term
Likely weak demand over the next few months as the monsoon season gathers pace, coupled with no price hikes, may keep cement stocks tepid in the near term, believe analysts. As a strategy, however, they suggest investors accumulate related stocks on dips, encashing benefits of a rebound in the second half of the current financial year.
No poll jitters for MF scheme launches
Fund houses to provide better entry points after June 4
Scramble for ERP licence as doubts linger on mkt size
About a dozen players dive into the fray
Sunil Chhetri, Indian football's brightest star, to hang up his boots
World Cup qualifier against Kuwait on June 6 will be his last game
WATERED DOWN
As Bengaluru segues from a parched summer to torrential rains, citizen groups and authorities evaluate the city's future as India's IT capital
SUV sales drive M&M profit to beat estimates
Mahindra and Mahindra (M&M) has reported a 4 per cent jump in consolidated net profit for the fourth quarter of the 2023-24, riding on a 9 per cent year-on-year (Y-o-Y) growth in revenue to â¹35,452 crore.
Vi Q4 loss rings louder on higher finance cost
Arpu, revenue rise marginally; telco sees 4G subscriber base grow
Regulatory fee or unjust enrichment?
Regulators are empowered to levy fees for services rendered, not to impose tax-like levies to create surpluses for themselves
Netflix nears deal for NFL games, extending focus on sports events
Netflix Inc will air two National Football League games this Christmas Day, in the streaming TV giant's latest push into live events.
Xi, Putin call for political solutionâ to Ukraine war
Both leaders warned of growing nuclear tensions between rival powers