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Dalmia Bharat puts in bid for Emami cement
Sep 2019 , by in ALLIED

Puneet Dalmia-led Dalmia Cement (Bharat) has put in a bid to acquire the Rs 6,000-crore cement business of Emami. Though Dalmia Group held initial talks with private equity funds such as CPPIB (Canada Pension Plan Investment Board) and Piramal-Bain for a joint bid, it has now decided to go solo a... Read more...

WeWork may cut IPO valuation to $10 billion
Sep 2019 , by in INTERNATIONAL

WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday. Were the We Company to press on with the IPO at... Read more...

DLF sells nine-acre land to American Express
Sep 2019 , by in News/Views

Realty major DLF has sold a 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals in this area, sources said. The selling price comes out to be around Rs 32 crore per acre. American Express will develop a large campus on this land parcel,... Read more...

Nagpur-based builder nabbed after two years
Sep 2019 , by in News/Views

The crime branch sleuths on Saturday arrested builder Hemant Jham, who was absconding in fraud cases since the last two years, from his house at Sonegaon. Jham, one of the accused in Navodaya Bank fraud, has around 250 pending summons warrants against him from the district consumer court. The cop... Read more...

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