Mahindra Electric Automobile Ltd (MEAL), Mahindra & Mahindra’s electric vehicle arm, on Thursday, announced that investment firm Temasek would invest Rs 1,200 crore in the company in compulsorily convertible preference shares. With this, the company’s valuation will rise 15 per cent from Rs 70,070 crore to Rs 80,580 crore. “The securities subscription… Continue reading Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares
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Govt to get significant stake in HPCL post preference issue: Officials
Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity in fuel retailers that lost money on selling petrol and diesel at discounted rates last year, officials said. The government had in the annual Budget… Continue reading Govt to get significant stake in HPCL post preference issue: Officials