Senior advocate Colin Gonsalves mentioned the matter before a bench headed by CJI Bobde and said that the riot victim wanted to intervene in the Harsh Mander case, which is scheduled to be heard on March 6.
This stake sale is likely to take place via an e-auction as Balco is not listed in the market and for transparency reasons as well.
This comes after the Competition Commission noted in its observation that the deal gives Etihad joint control of Jet's assets and operations. CNBC-TV18's Sajeet Manghat and Archana Shukla report.
After studying the revised deal structure, Sebi was of the opinion that the Rs 2,058-crore transaction would not trigger a mandatory open offer for purchase of shares from public shareholders and Etihad would not be considered a promoter entity in Jet Airways.
Ajay Bodke, Prabhudas Lilladher believes that the sharp fall in the currency will be the theme driving the numbers for FY14‘s first quarter. Thus, he recommends investing in sectors like software, which according to him would be clear beneficiaries of the fall in the currency.
The Delhi High Court today stayed an order of the Controller of Certifying Authorities (CCA) directing Yahoo India to pay Rs 11 lakh as penalty for its failure to provide information about some persons including their e-mail IDs.
Petronas sold its 14.98% in Cairn India. Sources have indicated that Sesa Goa has picked up nearly 10.4% of that stake. In an interview with CNBC-TV18, PK Mukherjee, MD of Sesa Goa, spoke about this move and their outlook going forward.