Eton Park to invest Rs 501 cr in Reliance Capital

Reliance Capital Ltd on December 12 announced a proposed investment by Eton Park, a global investor, in Reliance Capital Asset Management Ltd (RCAM), a 100 per cent subsidiary of Reliance Capital.
Eton Park proposes to invest Rs 501 crore for five per cent equity stake in Reliance Capital at an equity valuation of Rs 10,000 crore.
The valuation translates into a price of Rs 400 per share of Reliance Capital.
The proceeds of the transaction will be utilised for its domestic and international expansion.

source:.thehindubusinessline.com

GE Shipping gets nod to borrow Rs 5,000 cr

Great Eastern Shipping Company Ltd (GE Shipping) has informed the BSE that members of the company by way of postal ballot have passed the ordinary resolution relating to authoring the board of directors to borrow up to Rs 5,000 crore, with requi site majority. - Our Bureau source:.thehindubusinessline.com

Hindustan Zinc commences production at Rajasthan smelter

Hindustan Zinc Ltd has informed the BSE that zinc production commenced on December 11 from Hydro Phase II (of 1,70,000 TPA capacity) at Chanderiya Lead Zinc Smelter in Rajasthan.
The total zinc and lead capacity of the company is now 6,70,000 TPA. - Our Bureau
source:.thehindubusinessline.com

Arshiya International plans Rs 3,000-cr investment in warehousing zones

Arshiya International Ltd on December 12 announced major strategic investments and plans for India and West Asia, entailing strategic investment of over Rs 3,000 crore in two phases over five years.
In the first phase, the investment would be approximately Rs 1,800 crores for the development of three free trade warehousing zones (FTWZs) in Mumbai, Delhi and Oman and investment in rakes for operation of container trains on a pan-Indian basis using source:.thehindubusinessline.com

Punj Lloyd bags Rs 590-cr order from IOC

Punj Lloyd Ltd has announced that it has secured a Rs 590-crore contract for building delayed coker unit and coker LPG Merox block for the residue upgradation project of IOC Ltd at its Vadodara refinery in Gujarat.
The project is scheduled to be completed within 28 months. - Our Bureau

source:.thehindubusinessline.com