Balrampur Chini Mills Ltd with a capacity of 60 KL per day which has now been raised to 160 KL per day for the production of distillery products using molasses, which is a by-product of the sugar production process.
Barings Private Equity Asia is acquiring 30% stake from NIIT Ltd and other promoter entities and will make open offer for 26% stake at Rs1,394/share. The transaction has valued NIIT Tech at 17.9x/15.4x for FY20E/FY21E.
Baring Private Equity Asia (BPEA) has signed a definitive agreement with NIIT Technologies (NITEC) for sale of approximately 18.85m shares of the latter(approximately 30% shareholding on a fully diluted basis in NIIT Technologies).
JSW Steel Limited is engaged in the business of production and distribution of iron and steel products. Its segments include Steel; Power (used mainly for captive consumption), and Others, which includes cement, mining and construction activities.
The company achieved overall sales growth of 21% in FY19. Jewelry sales grew by 22% after increasing by 25% in FY18, thereby exceeding the originally envisaged 20% five-year sales CAGR target for the second consecutive year.
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.