Share Market News today (5th Oct)
JSW Energy going to set up 960 MW hydro pump in Maharashtra
Jindal Group Company JSW Energy got a project to setup 960 MW Hydro Pump storage in Raigarh district Maharashtra.
Company has signed an agreement with the Maharashtra government.
Hydro pumped storage is a well-established technology that provides adequate peaking power reserves, reliable grid operation, energy balancing and storage capacity, JSW Energy said in a statement.
Company has not disclosed any financial details of the proposed project.
The company through its “green growth vehicle” JSW Neo Energy has been expeditiously securing key resources for Hydro PSPs in various resource rich states for projects with a targeted capacity up to 10 GW.
Flipkart’s unit Shopsy claims 6-fold growth in festive season sale
Adarsh Menon (Flipkart New Business Head) said, their company app have been downloaded 100 million times in july, among them 80 per cent of the app users visited the site during the “The Big Billion Day” (TBBD) sale.
Next he said, Our customer grew six times during the TBBD as well as orders.
Almost 65 per cent of the orders came from tier-2 and below towns.
Around 75 per cent of orders came through the selection of products that Shopsy has.
Next he said, during the period July – September 2022, Shopsy has grown by 2 times in the overall customer base and units sold further strengthening its presence across the country.
After Exit From Max, Global investment firm KKR to take stake in Manipal Hospital
Global investment firm KKR has recently sold their 27.5% stake in Max Healthcare more than 9000 crore INR.
This was the single largest equity deal in India by any private equity firm.
Now KKR is again going to enter in a deal , to buy the stake Manipal Health Enterprises.
Manipal Health Enterprises is the country’s second largest hospital chain.
KKR is in negotiations to buy out the stake of TPG Capital in Manipal Health Enterprises.
A second person told Moneycontrol that an exclusivity agreement had been signed between KKR and TPG.
The Manipal group, which has almost 8,000 beds across 28 hospitals, is expected to coming his IPO to pursue a listing on Dalal Street in the next 1-2 years. (Source moneycontrol.com)