Coal news and updates

Mumbai: Mint brings to you your daily dose of deals news. A look at the top deals reported by newsrooms across the country.

 

Five parties to submit bids for Lafarge’s India cement portfolio today

 

Ajay Piramal Group, Nirma, Sajjan Jindal-led JSW Cement, besides Mexico’s Cemex and China’s Anhui Conch Cement Co. have emerged as the strongest contenders to acquire Lafarge’s entire India cement portfolio. The final five get ready to submit their binding bids on Monday. Read more .

 

An earlier report in The Financial Express had already named the final bidders contending for the list.

 

The last round of bidding for the Lafarge cement plants had also seen interest from other parties such as Goldman Sachs Group Inc., CVC Capital Partners, Irish cement maker CRH Plc, Blackstone Group, Canada Pension Plan Investment Board (CPPIB), Ramco Group and Carlyle Group, reported Mint in May. Read more .

 

Snapdeal, Aditya Birla Group front-runners to buy Jabong

 

Online fashion retailer Jabong.com has expedited its sale process as the firm’s owners, AB Kinnevik and Rocket Internet, are reluctant to pump in more capital into the company in a gloomy e-commerce market, reported Mint. Jabong, which has been scouting for a buyer for about a year, is in initial talks with online retailer Snapdeal, Aditya Birla Group’s fashion portal abof.com and Flipkart, India’s largest e-commerce firm, among others. Read more .

 

Genesis Colors plans Rs650 crore IPO

 

Genesis Colors Pvt. Ltd, the Sequoia Capital-backed owner of luxury fashion labels such as Satya Paul, plans to sell shares to the public for the first time to fund expansion and provide an exit opportunity to its investors, reported Mint. The firm plans to raise as much as Rs.600-650 crore by selling shares through the initial public offering. Read more .

 

IL&FS Investment Managers to raise $500 million infrastructure fund

 

IL&FS Investment Managers Ltd, the only publicly traded private equity fund manager in India, is raising a $500 million infrastructure fund to invest in roads and energy projects, reported Mint. The fund will invest in both operating and new road projects. Read more .

 

NeoGrowth gets Rs.108 crore funding from IIFL Wealth Management’s fund

 

NeoGrowth Credit, a specialised lender to small and medium sized retailers, has raised Rs.108 crore in a new round of funding from IIFL Wealth Management’s Seed Venture Fund, besides existing investors, which include Omidyar Network, Khosla Impact and Aspada, reported The Economic Times. The development comes as investor interest in non-banking finance companies has increased, especially in those lending to small merchants and leveraging technology.

Source:Livemint