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Goldman Sachs Approaches NCLT Against Videocon Industries et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 3, 2018 1:29 PM 2 min read
Editorial

End of Day Wrap-up (Tuesday / April 03 , 2018) #ATC #Vodafone #Ola #Ridlr  #RoyalEnfield #GeneralElectric #GoldmanSachs #Fox #Sky #Disney #Transfin

Editor's comment: Goldman Sachs approaches National Company Law Tribunal (NCLT) to recover c. INR36 crore from Videocon Industries Ltd. The bank approaches the tribunal as a financial creditor of the company. The bank had lent the money to Videocon Global Ltd, a subsidiary of Videocon Industries and the parent company was a guarantor to the loan.

 

ATC acquires 10,200 Vodafone India’s towers in a INR3800 cr deal.

 

In a bid to increase its global footprint Royal Enfield to invest INR800 cr in upcoming financial year. It is going to open its subsidiaries in Thailand and Indonesia and already has as many as 20 brand stores outside India in cities like Milwaukee, London, Paris, Barcelona etc.

 

Ola acquires public transport ticketing app Ridlr at an undisclosed valuation The move is likely to enable mass transit integration. The motive is to allow a customer to book a cab from their homes and continue their journey effortlessly even if they switch to a public transport service.

 

Walt disney Co. prepares to buy U.K.’s Sky news as per 21st century Fox Inc. It will be a move that could help Fox consolidate its ownership of the European pay-TV operator and allay regulatory concerns over its proposed acquisition of Sky.

 

General Electric(GE) to Sell Part of Health-Care Division to Veritas Capital for c. USD1 bn. New private-equity owner to transition the value-based care division to a stand-alone company.