Published : 20 October 2023
By : Sachin Gupta
Maruti Suzuki has been given board clearance to purchase Suzuki Motor Gujarat's (SMG) whole ownership stake from its parent firm, Suzuki Motor Corporation (SMC). Maruti Suzuki will issue shares to SMC as payment for the acquisition, which will be carried out through a share purchase agreement.
REC Ltd announced a consortium deal with Bank of India to co-finance Rs 30,000 crore in projects in the electricity, infrastructure, and logistics sectors over the next five years.
Adani Group is prepared to execute a legally binding deal to refinance $3.5 billion in loans it took to buy ACC Ltd. and Ambuja Cement last year. In order to refinance the debt at least 18 international banks have agreed to join the consortium led by Barclays, Deutsche Bank, and Standard Chartered, among others.