Hints and tips:
...Friday that the “massacre” in Tuticorin meant Vedanta should be immediately delisted from the London Stock Exchange, to “prevent further reputational damage to London's financial markets from this rogue corporation...
...Vedanta Resources gained a further 6.1 per cent to £10.70 following Wednesday’s news that it had secured Indian High Court approval for its Sesa subsidiary to merge with Sterlite Industries....
...Stakes in companies such as Oil and Natural Gas Corporation, Steel Authority of India and Hindustan Copper are also due to be sold off....
...Sterlite’s and Grupo Mexico’s bids are worth $2.56bn and $2.48bn, respectively, after a bidding war over the past year....
...Merchants Bank lost 2.1 per cent to Rmb18.29 and China Citic Bank Corporation fell 0.8 per cent to Rmb6.38....
...Grupo Mexico offered $2.2bn for Asarco, topping the $1.67bn bid from Vedanta’s Sterlite unit. Petrofac lost 1 per cent to 873p after Morgan Stanley recommended taking profits....
...The offering, India’s largest share issue of any kind, attracted bids from international investors including Singapore investment groups Temasek and Government of Singapore Investment Corporation....
...; Blackstone; GE Capital; Cargill; a consortium of Morgan Stanley and Indian copper group Sterlite Industries; Infrastructure Development Finance Company; Natixis; Newbridge Asia; a consortium of Shinsei...
...The Reserve Bank of India on Monday told the Financial Times it would approve of any move by the pair – Temasek and government of Singapore Investment Corporation – to increase their respective shareholdings...
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