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convertible preferred shares

Shares of Lanco Infratech slumped nearly 10% after disappointing quarterly results

Shares of Lanco Infratech slumped nearly 10% after disappointing quarterly results
On Monday, shares of power firm Lanco Infratech tanked nearly 10 per cent, largely because of the disappointing results posted by the company for the January-March 2104 quarter. For the mentioned quarter, the company reported a widening of its net loss to Rs 584.29 crore. In comparison, in the same quarter last year, the power [...] Continue Reading »

GMR Infra to give preferred shares to Temasek, IDFC consortium

GMR Infra to give preferred shares to Temasek, IDFC consortium
GMR Group has offered a small stake to a clutch of private equity investors in its flagship company to compensate for a delay in facilitating their exit in one of GMR’s units. Singapore’s state-owned investment firm Temasek Holdings Pte Ltd, and a consortium of investors led by Indian private equity (PE) firm IDFC Alternatives have [...] Continue Reading »



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