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Sep 30, 2023

sintex: Sintex can easily do sales of Rs 1,000 crore in two

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Wadia Group-owned airline Go First has sought approval to restart flights with 22 planes for the next five months. The Directorate General of Civil Aviation (DGCA) had asked for a resumption plan last week after meeting the Go First management.

Differences have emerged between the Tata Group and the founders of CaratLane over the valuation of the residual stake held by the founders, leading to a months-long deadlock, said people aware of the matter. India's largest omni-channel jewellery brand is majority owned by Tata Group company Titan.

Baring PE Asia EQT, Blackstone, Bain Capital, Advent International and TPG Capital have submitted non-binding bids to acquire a majority stake in India's largest fertility clinic chain, Indira IVF, said people with knowledge of the matter. The deal is expected to value the chain at ₹8,000-10,000 crore ($1-1.2 billion).

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Welspun Group chairman BK Goenka You have acquired Sintex for Rs 1,251 crore. Will the company require additional capex? How big is the opportunity in the water storage segment? How is Sintex being repositioned as a brand? You recently exited a few of your infrastructure assets. Is the group's focus shifting? You have also recently acquired assets of ABG Shipyard. How is the acquisition panning out?
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