economybharat.com

OKEA sells its 15% WI in Yme to Lime for a consideration of USD 15.65m

Trondheim, 23 September 2024 – OKEA ASA (“OKEA”) is pleased to announce that it has entered into an agreement with Lime Petroleum AS (“Lime”) to sell its 15% working interest in the Yme licence for a post-tax cash consideration of USD 15.65 million (the “Transaction”). Effective date of the Transaction is […]

EQT to acquire Indostar Home Finance, an Indian affordable housing finance company, for INR 17.5 billion (USD 210 million) and invest INR 5 billion to support further growth

Indostar Home Finance is a fast-growing affordable housing finance company with INR 24 billion (USD 286 million) in assets under management, that has supported over 39,000 low income homeowners and small businesses India’s INR 30 trillion housing finance market presents a multi-decade growth story driven by strong government support, rising […]

India-Based Semiconductor-Chip-Manufacturer Polymatech Announces Initial USD 16.2 Million Investment in Bahrain

Bahrain Economic Development Board (Bahrain EDB) has secured initial investment commitments valued at over USD 16 million from Polymatech to establish a semiconductor manufacturing facility in Bahrain’s Industrial Area of Hidd. This announcement was made during the island nation investment promotion agency’s visit to India, which is covering key cities including Mumbai, Bengaluru, and Chennai, aimed at […]