JBF Petro lenders extend deadline to get better value

JBF Petro lenders extend deadline to get better value

Mumbai: Lenders to purified terephthalic acid (PTA) manufacturer JBF Petrochemicals have extended the deadline to submit financial bids for the company till the end of August, giving public sector companies more time to get approvals and make a bid for the company. The original deadline was August 20. Public sector companies and an ONGC-Indian Oil … Read more

Group debt, share pledge serve as major overhang for Chemplast, investors may wait

Group debt, share pledge serve as major overhang for Chemplast, investors may wait

Issue dates: August 10-12, 2021 Price band: Rs 530-541 per share Issue size: Rs 3,850 crore Implied Market cap: Rs 8,500 crore Lot size: 27 shares ET Intelligence Group: Chemplast Sanmar, a speciality chemicals company catering to footwear and auto-upholstery segments, plans to raise Rs 3,850 crore through the initial public offering to reduce debt. … Read more

View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

View: India’s new bank for infra financing is clearly mandated to have a ‘developmental role’

And it finally gets an institutional structure that can be a receptacle to monetise global goodwill into friendly funding from all over the world. Synopsis As Nirmala Sitharaman let us know on Tuesday, it is to start with an equity base of Rs 20,000 crore — the largest-ever institutional startup — plus a one-time Rs … Read more