RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles RattanIndia Enterprises Ltd said on Friday it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time […]
RattanIndia Power expects to become debt-free in two years – EQ Mag Pro
RattanIndia Power expects to become debt-free in two years. For more information please see below link:
RattanIndia Enterprises welcomes Govt.’s PLI scheme focused on electric vehicles – EQ Mag Pro
RattanIndia Enterprises welcomes the Production Linked Incentive (PLI) scheme announced by the Govt. of India today for automobile industry with a budgetary outlay of Rs 26,058 crore. As per the press release by Govt. of India – this PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. It […]
EV Maker Revolt Resumes Bookings of E-Bikes in 6 Cities
Mumbai : RattanIndia-invested electric vehicle maker Revolt on Wednesday announced the resumption of opening of bookings for its e-bikes in six cities from June 18. The Gurugram-based company in a statement also said it is advancing the delivery dates for the bookings made by customers which were earlier slated to be delivered in the latter […]
RattanIndia to acquire 43 per cent stake in Revolt for Rs 150 crore
RattanIndia Group will get 50 per cent of the board seats in Revolt and Rajiv Rattan will take over as the non-executive chairman of the company. Listed company Rattan India Enterprises is investing Rs 150 crore in electric motorcycle maker Revolt Intellicorp, founded by Micromax co-founder Rahul Sharma, for a 43 per cent stake in […]
PFC to raise foreign currency borrowing going ahead: CMD
The CMD noted that on the borrowing front, the company’s efforts towards diversification of the borrowing portfolio has started yielding results. He said that PFC Group disbursed more than Rs 1.4 lakh crore in the last financial year New Delhi: Power Finance Corporation (PFC) is likely to increase foreign currency borrowing going ahead, said Ravinder […]
RattanIndia sells entire solar portfolio of 306 Mw to GIP for Rs 1,670 cr
With this, RattanIndia now has only two power plants–Amaravati thermal plant for which it did debt recast last December, and Nashik thermal plant, a stressed asset RattanIndia Group sold off its entire solar power project fleet totalling 306 Mw to Global Infrastructure Partners (GIP), one of the largest private equity firms in the renewable energy […]
GIP in talks to buy RattanIndia solar power assets for $300 mn
“Due diligence of solar assets by Global Infrastructure Partners(GIP) is over and currently the documentation work is on. The deal is expected to be closed in a month,” said one of the persons cited above. Power Finance Corp (PFC) filed an insolvency plea against RattanIndia in the National Company Law Tribunal (NCLT) to recover unpaid […]