Asset Sale

LIC has put together an internal team to work out a sale plan for its real estate assets across the country which may start with Mumbai

PNC Infratech sells 12 road assets to Highways Infrastructure Trust for over Rs 9,000 crore

Yogesh Jain, MD, PNC Infratech Limited, described it as one of the most substantial transactions in terms of value within the Indian roads sector.

Western Alliance latest US bank to explore sale amid sectoral crisis: Report

The bank is considering "strategic options", which includes a potential sale of a portion or all of its business, the Financial Times reported, citing two sources privy to the development.

Cabinet approves formation of National Land Monetisation Corp for sale of surplus govt land, buildings

The National Land Monetisation Corporation will be set up by the Department of Public Enterprise and the Ministry of Finance.

Dutch player KLM to buy Jet Airways' assets in the Netherlands

What assets it holds in the European country and which would be part of the deal were not specified.

Shapoorji Pallonji looks at solar and road assets sale to boost balance sheet

The group is considering the sale to augment its balance sheet and credit ratings amid the realty sector and shadow banking sector slowdowns

SBI puts up assets worth Rs 1,500 crore for sale

Kolkata-based Adhunik Power & Natural Resources Ltd is the largest account, where the bank is looking to sell loans worth Rs 807 crore and equity worth close to Rs 200 crore.

Govt to release norms for asset sale of closed PSUs soon

Government will soon come out with detailed guidelines for disposal of land and other assets of state-owned sick and loss making companies which are being considered for closure.

Asset sale must for Tata Steel to improve operations: IIFL

If the deal does not go through, some pressure will be seen on the stock in near-term, says Tarang Bhanushali of IIFL who has a reduced rating on Tata Steel. In case of no deal, the target price for the stock is Rs 305.

Asset sale will aid revenue by Rs 3-5 cr: MT Educare

The asset is a campus that the company set up from the proceeds of the IPO and runs a college for 11th and 12th standards.

Will cut Rs 250cr debt by Q4 via sale of 4 projects: Orbit

Orbit Corporation feels that high interest costs have hurt the company's performance till now. The company will now focus on paring debt to reduce the interest costs going forward.

Tata Comm to raise Rs 1000cr via asset sale

Tata Communications joins the bandwagon of top corporates who are looking to raise funds through asset sale. CNBC-TV18 learns that the company wants to raise Rs 1000 crore via the sale of five properties. CNBC-TV18‘s Priyanka Ghosh reports.

Unitech vs Uninor: CLB to hear auction matter On Aug 8

The company law board (CLB) has put a stay on Uninor auction after joint-venture partner Unitech raised objections. The CLB has also said it will hear the Unitech petition challenging the Uninor resolution on asset sale on August 8, reports CNBC-TV18's Malvika Jain.