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Caldwell gains foothold in India

Thomas Caldwell, the brash Canadian broker who once took the New York Stock Exchange by storm by pushing it to go public, has turned up in India with the purchase of a 4-per-cent stake in the Bombay Stock Exchange (BSE)…. […]

IFC to invest Rs 101.4 cr in Electrotherm

Electrotherm India Ltd on Wednesday announced that IFC, the private sector arm of the World Bank Group, will invest over Rs 101.37 crore ($25 million) to help expand the production of environment-friendly vehicles in Gujarat. Out of the $25 million commitment, the debt consists of $15 million repayable in 10 years, maker of various equipment for metal heating industry informed the BSE. The company would issue bonds for the remaining $10 million to the International Finance Corp (IFC), having option to convert them into equity shares, it said. […]

Fenosa eyes 10% Petronet stake

Spanish power group Union Fenosa may pick up 10% equity in Petronet LNG Ltd (PLL). The deal may come through the foreign currency convertible bond (FCCB) route. PLL was planning to float a $100-million FCCB issue.

Petronet sources said a … […]