Mon, May 24, 2021 6:10 AM
Govt to seek fresh pricing for 5G spectrum for unsold auctions
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A 65% slide in VinFast Auto Ltd.’s stock this year underlines the challenge faced by the electric-vehicle maker backed by Vietnam’s richest man. It plans to almost triple vehicle delivery this year to 100,000, but had barely hit a 10th of that goal in the first quarter. Meanwhile, it’ll need to raise capital for global expansion, given plans for factories in North Carolina, Indonesia and India.
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Private equity firms Blackstone, Temasek Holdings and Bain Capital are evaluating a controlling stake in Haldiram Snacks Food Pvt. Ltd (HSFPL), three people aware of the development said. The investors are looking to buy at least 51% stake in the sweets-and-savouries maker at a valuation of $8-10 billion. “The deal contours are being worked out.
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Hinduja Group’s IndusInd International Holdings Ltd has proposed changes to the corporate structure proposed in its resolution plan for the bankrupt Reliance Capital. In the past week IIHL has written to the Reserve Bank of India, seeking the regulator’s approval for the proposed changes, said two people aware of the development.
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