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The Corporation is the first international clearing corporation that will stand by at Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC).
Mumbai-based venture capital company, Ventureland Asia Advisory Services owned by Ad man, Sajan Raj Kurup obtained the controlling stake in MW.Com India Pvt Ltd, the publisher of magazines like Rolling Stone India and MW (Man's World).
The IPO comprised an absolute offer for sale of nearly ₹2,000 crore by Sion Investment Holdings Pte, a subordinate of Baring Private Equity Asia.
In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery Ltd (NRL) in the public sector. As part of this, BPCL was to sell its entire 61.65% stake to state-owned firms.
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