National Asset Reconstruction Co remains the preferred bidder to take over Jaiprakash Associates after no competing bid was received. NARCL’s Rs 12,000 crore bid includes cash and security receipts backed by a government guarantee. JAL has been entangled in litigation and is one of the biggest insolvency resolution cases.
Zomato shares advance 7% as CLSA adds stock to ‘high conviction overweight’, raises target price to Rs 400
Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its “High Conviction Overweight” list and raising the target price