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Grapevine: Hindalco mulls IPO for Novelis; Welspun Corp may sell ABG Shipyard land
09 May 2024 05:25 GMT
Credit: Pixabay
Hindalco Industries Ltd is contemplating a significant initial public offering (IPO) for Novelis Inc., its US-based subsidiary for making aluminum products, aiming to raise approximately $1.2 billion, a media report said
Hindalco is eyeing …
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Nuvoco Vistas’ acquisition of Vadraj Cement approved
11 Apr 2025 13:21 GMT
… Vadraj Cement, formerly owned by ABG Shipyard, has admitted liabilities of US …
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ABG Shipyard case: EY Partner, 21 top bank officials among ED witnesses
17 Jan 2024 19:31 GMT
… a forensic audit of ABG Shipyard on the instructions of … chief financial officer of ABG Shipyard as a witness in … statements of former directors of ABG Shipyard to elaborate on the … funds. The management of ABG Shipyard was unable to provide corroborative …
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India's biggest bank fraud case: How ABG Shipyard steered the scam ship to divert funds
17 Jan 2024 04:15 GMT
ABG Shipyard Ltd, the Gujarat-based …
The central agency alleged that ABG Shipyard's founder-chairman, Rishi … said.
According to the ED, ABG Shipyard received an advance payment of … lenders had given loans to ABG Shipyard to meet its working capital …
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ABG Shipyard Exposes Bankruptcy Law: Write-off Wonderland or Debt Recovery Disaster
20 Dec 2023 08:56 GMT
… the fresh raids on ABG Shipyard Ltd, by the enforcement … raids on ABG Shipyard are important. For starters, ABG Shipyard was one …
Rishi Agarwal, founder of ABG Shipyard, owes Indian banks a massive … flags. For starters, ABG Shipyard had exhausted its borrowing …
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ED searches 7 locations linked to ABG Shipyard in Rs22,842 crore bank fraud case NationalCrime
30 Nov 2023 11:14 GMT
… Rs 22,842 crore involving ABG Shipyard Limited and others.
… by the CBI against ABG Shipyard Ltd and others for … its probe revealed that ABG Shipyard and its group companies … capital expenditure etc.
“However, ABG Shipyard and its group companies utilised …
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Probe agency ED seizes cash, jewellery worth Rs 5 crore attached to ABG Shipyard
30 Nov 2023 01:49 GMT
… raiding seven locations linked to ABG Shipyard. The ED's … 39;s findings suggest that ABG Shipyard Ltd. and its group companies … before a PMLA court against ABG Shipyard.
Once upon a time … s largest private shipyard firm, ABG Shipyard, was booked by the …
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ED searches at 7 premises linked to ABG Shipyard case, seizures worth ₹5 crore
29 Nov 2023 21:47 GMT
… ;family members related to ABG Shipyard Ltd and its related … approximately ₹5 crore. ABG Shipyard is accused of cheating … capital expenditure etc.
However, ABG Shipyard Ltd. and its group … laundering,” the statement added. ABG Shipyard, the flagship company of …
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ED conducts searches across three cities in ABG Shipyard case
29 Nov 2023 23:11 GMT
View of the ABG shipyard in Mumbai. FILE
| Photo Credit: … Pune in connection with the ABG Shipyard Limited case involving loans of … (CBI) against ABG Shipyard and others.
According to the ED, ABG Shipyard and its …
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ED searches 7 locations linked to ABG Shipyard in Rs 22,842 cr bank fraud case
29 Nov 2023 22:19 GMT
… Rs 22,842 crore involving ABG Shipyard Limited and others.
The … by the CBI against ABG Shipyard Ltd and others for … its probe revealed that ABG Shipyard and its group companies … capital expenditure etc.
“However, ABG Shipyard and its group companies utilised …