Adani Group will pay, according to sources, ₹500 crore upfront in cash along with other fund infusions of ₹1,700 crore to complete the project for homebuyers.
The existing leadership teams of Indus Towers and Bharti Infratel will continue to manage their respective businesses till the merger becomes effective.
The other immediate option would be to offload Tata Consultancy Services (TCS) shares as has been done before.
A bench headed by Justice S A Bobde stayed the imposition of fine for the time being against the multinational automobile company.
They were also charged under SEBI’s prohibition of Fraudulent and Unfair Trade Practices (FUTP) regulation.
Investors bid for about 45.8 million shares of RVNL, which undertakes railway projects, or 1.8 times the 25.35 million shares on offer.
Graphite India makes graphite electrodes used in electric arc furnaces to make steel.
Pilots of Jet Airways had twice threatened to go on strike but then called off the plans.
After disappointed by S&P’s decision to downgrade Jaguar Land Rover, Tata Motors, on March 29, reaffirmed that it expects improved financial results in the fourth quarter period.
The decision was taken in the wake of a slight increase in the international crude price and currency devaluation.