Abu Dhabi Fund Pledges to Buy 41% Stake in NBFC Sammaan
Abu Dhabi’s ruling family-owned International Holding Company(IHC) has shown interest in buying a 41% stake in India’s Sammaan Capital, previously known as Indiabulls Housing, for Rs. 8,850 crore. At $1 billion, this marked the largest international investment in India’s NBFC sector. The Investment will be made through preferential allotment of equity and warrants at around…
ABHYUDAYA MITTAL
RIL Partners With Abu Dhabi Chemical Firm For A $2 B Venture
The state-owned chemicals derivatives firm (TA’ZIZ) of Abu Dhabi and Reliance Industries, headed by billionaire Mukesh Ambani, have agreed to create a $2 billion chemical manufacturing cooperation in Ruwais, Abu Dhabi. According to a regulatory filing made today to the stock markets by Reliance Industries, the joint venture, known as ‘TA’ZIZ EDC & PVC,’ would…
John David