More players join the fray for SpiceJet stake

Published in July 10th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in aviation, mergers

The more the merrier that’s the SpiceJet story as the race for this low cost airline hots up.
So besides the king of good and bad times Vijay Mallya and Wilbur Ross, SpiceJet’s bankers Rothschild have shortlisted two more bidders till now.
This takes the suitor tally to four, out of which three are just investors [...]

Anil Ambani gets nod for London office

Published in July 10th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in global, india

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Britain’s Financial Services Authority has approved an application by the Anil-Ambani owned Reliance Asset Management (RAM) to open an office in London.
The company has launched an offshore fund ‘Emergent India’ targeted at international investors, according to the Wealth Bulletin, a Dow Jones-owned online service for the global wealth management industry.
RAM manager Sunil Singhania said: “The [...]

SpiceJet in talks with US investor for stake sale

Published in July 9th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in mergers

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The SpiceJet stake sale deal seems to be getting spicier with billionaire US based investor Wilbur Ross confirming that he is indeed in talks to buy a stake in the company.
The king of good times Vijay Mallya, the other prospective buyer, may need to match Wilbur Ross’s offer to get back into the deal.
SpiceJet has [...]

Reliance Retail to open optical chain stores

Published in July 9th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in retail

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Reliance Retail today said it would launch the first outlet of its optical chain stores Vision Express, under a joint venture with Pearle Europe, by September this year in Bangalore.
“We have already got the necessary approval from FIPB. The first outlet will be opened by September,” Reliance Retail President and Chief Executive (Lifestyle), Bijou Kurien [...]

MTN may hold board meeting on Thursday to discuss RCom deal

Published in July 9th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in mergers

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Maintaining a stoic silence over the fate of its agreement for exclusive talks with India’s Anil Ambani group firm RCom for an amalgamation deal, South African telecom giant MTN is likely to convene a board meeting on Thursday to discuss the issue.
Sources close to the development indicated that MTN could hold a board meeting to [...]

No 3G spectrum for CDMA operators

Published in July 9th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in telecom

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Department of Telecom has scrapped its plans to auction 3G spectrum for CDMA operators even as it is close to finalizing the policy for 3G services for GSM operators.
Reliance Communications, Tata Teleservices, Shyam Telelink and Bharat Sanchar Nigam Ltd are the major CDMA operators in the country which were supposed to auction for 3G services. [...]

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