Adani Group to raise Bihar investment by 10 times to Rs 8,700 crore

Macy’s Shares Rise After , Reportedly Receiving $5.8 Billion Buyout Offer. According to a person with knowledge of the situation, an investor group has offered $5.8 billion to take Macy's private, Reuters reports. . The group reportedly consists of Arkhouse Management and Brigade Capital. They want to buy any Macy's stock that they don't already have for $21 per share, sources say. That represents a 20.76% premium from the stock's closing price of $17.39 on Dec. 8, Reuters reports. . The buyout group is undoubtedly interested in Macy's large real estate portfolio, which has attracted activists and potential buyers in the past, Morningstar analyst David Swartz, via 'The Hill'. Upon news of the buyout offer, Macy's shares were up 16% on Dec. 11, trading at $20.13. The company's total real estate value is estimated to be $8.5 billion, according to J.P. Morgan analysts. That comes to $31 per share, which is less than the investor group's offer of $21 per share. However, Arkhouse and Brigade said that they are willing to "raise the offer subject to due diligence," Reuters repots. . An investment bank has reportedly provided a letter of support indicating its belief that the group can secure financing for the deal

Adani Group will increase investment in Bihar by 10 times, taking it to Rs 8,700 crore. The group will explore untouched sectors like warehouse and paddy...

Adani Group pledges to increase investment in Bihar to Rs 8,700 crore and generate 10,000 direct and indirect employment opportunities. They plan to raise godown...