Скачать или смотреть BPCL Stake Sell, Saudi Aramco, Tata Motors, Brexit, Bajaj Consumer, DHFL Sunblink

The Indian government is looking at selling its 53.29 per cent stake in BPCL to a strategic investor.

Sources said that the Aramco’s is currently evaluating the BPCL bid and it is at an early stage of consideration.
State-owned Saudi Aramco may be in the fray to buy out Indian government’s stake of Bharat Petroleum Co. ltd, as it gives the oil giant an opportunity to pierce into one of the world’s biggest oil retail markets, sources privy to the matter said.

The Indian government is looking at selling its 53.29 percent stake in BPCLNSE 1.05 % to a strategic investor in the biggest privatisation bid in the history of India.

It aims to garner 1.05 lakh crore in divestment proceeds which includes privatization of BPCL, Container Corp of India and Shipping Corp of India.
Sources said Aramco currently is evaluating its Indian investments, including its possible partnership with Reliance India Ltd, and views buying out BPCL as a good opportunity.
Sources said that the Aramco’s is currently evaluating the BPCL bid and it is at an early stage of consideration.
Aramco, which is currently in the process of an IPO that could value the company at $1.5 trillion to $2 trillion, is eying the Indian market through various possible deals.
It is looking at partnering with Reliance India Ltd in its oil and chemical business and had signed a memorandum of understanding last year along with ADNOC to make an investment in government of India’s Ratnagiri Refinery & Petrochemicals Ltd. (RRPCL).
“Aramco is currently trying to balance its various planned investments in India. It’s is very interested in the Indian market. It will take a call on how to balance BPCL deal and the Reliance partnership, if it decides to go through with them,” one of the source, who did not want to be named, told ET Now.
The sources also said that Aramco may show interest in BPCL transaction advisors when they host roadshows in Middle East soon.

Sensex jumps 453 points, Tata Motors surges 13% as UK, EU reach Brexit deal

Indian markets gained momentum as the session progressed and ended sharply higher today(17 oct Thursday), extending gains to the fifth day. The Sensex rose 453 points to 39,052 while Nifty settled 1% higher at 11,586. European markets surged today after Britain and European Union reached a new Brexit deal. Tata Motors, the owner of UK-based JLR, surged 13.5%. The Dow futures jumped after the new new draft Brexit deal was reached, indicating a higher open for Wall Street.


Bajaj Consumer: Shares of the company continued their rally for the second straight day as concerns around high-promoter debt eased. The personal care firm’s promoter group on Tuesday sold about 22% stake, or 3.24 crore shares, for around ₹630 crore in a single block deal. Bajaj Consumer Care Ltd is promoted by Kushagra Bajaj. The stock was up nearly 6%.

Mindtree: Shares of the mid-sized IT firm fell more than 2.5% in early deals even as its September quarter earnings were largely in line with the Street’s estimates. Mindtree Ltd’s growth improved sequentially both in terms of revenue and profit margins. The company’s revenues were up 3.2% quarter on quarter in constant currency terms and up 11.1% year-on-year.

DHFL
DHFL: The stock traded down nearly 4% after investigations by the Enforcement Directorate revealed that Dewan Housing Finance Corporation Ltd had lent ₹2,186 crore to Sunblink Real Estate from 2010. According to an Economic Times report, Sunblink is related to the late Dubai-based gangster Iqbal Memon. Stress in DHFL’s financials also added to the negative sentiment.
NEW DELHI (Reuters) - India’s Dewan Housing Finance Corp Ltd (DHFL) filed long-delayed audited results for the quarter ended June 30 on Thursday showing the company under financial stress as fresh loan disbursements stopped.
One of India’s biggest housing finance companies, DHFL posted a net loss of 2.06 billion rupees ($28.96 million) during the quarter compared with a profit of 4.35 billion rupees ($61.15 million) in the same period a year earlier.
The Central Depository Services had frozen DHFL’s promoter shareholding after the company did not report results for the first quarter of FY20 in the stipulated time.
“The Company is undergoing substantial financial stress since (the) second half of the previous financial year,” the management said.