MUMBAI: Private equity heavyweight KKR is teaming up with diversified trading and commodities group SIMEC to invest Rs 900 crore to take over the cement business of debt-laden ABG Group through a complex, multi-tiered financial transaction. The much needed funding … Continue reading
On September 1, JSW Steel announced that it was merging JSW Ispat Steel with itself. JSW Steel had originally bought a majority stake in Ispat Industries — a steel company started by industrialist M L Mittal — in 2010, after … Continue reading
The Telecom Commission has not ruled out levying a one-time fee on operators holding spectrum beyond 6.2 mega hertz and favours an auction-based pricing for future spectrum allocations, the telecom secretary said on Monday. R Chandrashekhar, the top bureaucrat in … Continue reading
Source: Economic Times The telecom department has rejected Trai’s proposal for liberal M&A rules to make consolidation easier in the 14-player ultra-competitive market. It has accepted the regulator’s proposal to impose a one-time fee on incumbent GSM operators on all … Continue reading
Telecom regulator TRAI, has proposed change in cap on combined market share for merged Telecom entities from existing ceiling of 40% of subscribers/ revenues to 60%. While, the mergers of telcos aggregating to combined market share of 35% has been proposed to … Continue reading