Latest India Business News 11th December 2019 – Tentaran

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Read Latest India Business News 11th December 2019:

  • Oil India seems keen on taking full control over Numaligarh Refinery Ltd after the government in its strategy to divest stake decided to carve NRL out from BPCL.
  • Toyota Kirloskar Motor announced a restructuring of its senior management after which N Rajamight be seen as MD of Toyota Financial Services India.
  • Reliance Industries have signed an agreement with ADNOC to set up an EDC (chemical) facility in Ruwais.

latest india business news 11th december

  • Reckitt Benckiser India awarded its media business to dents of Dentsu Aegis Network.
  • The CCI allowed Piramal Enterprises to issue compulsory convertible debentures to Caisse de dйpфt et placement du Quйbec.

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Latest India Business News 11th December 2019

  • Nippon Express got CCI’s nod to buy a 22% stake in Future Supply. It will now acquire a stake in Future Supply for Rs 641 crores.
  • The CDC group from UK invested $36 million in Ecom Express.
  • The IDBI Bank will sell up to 49% of its shares in 2 of its subsidiaries- IDBI Capital Markets & Securities and IDBI Intech.
  • Daimler Financial Services India decided on withdrawing its proposed issuance of non-convertible debentures as planned on 12th December.

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Latest India Business News 11th December 2019

  • Virtuous Retail bought Tata Realty’s retail mall portfolio, Trilium shopping mall for around $100 million.
  • PhonePe raised about $82.5 million from its Singapore parent.
  • Stanza Living raised Rs 40 crores from Alteria Capital in debt financing.
  • Unacademy is in talks to raise $100 million in a Series E funding round.

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