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Market Chatter - Corporate finance press digest
July 16, 2012 / 4:18 AM / 5 years ago

Market Chatter - Corporate finance press digest

July 16 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* U.S. private equity firm NEA will invest 840 million rupees ($15.23 million) in Trishe Developers, a renewable energy infrastructure development company, the Economic Times reported.

* Aluminium producer Nalco is in talks to buy Indonesia’s Ashan Aluminium (Inalum), the Business Line reported.

* Coal India Ltd to invest 125 billion rupees ($2.27 billion), mostly for developing rail infrastructure, the Hindustan Times reported.

* Tata Motors is in talks with Brazilian authorities about setting up a plant to assemble Jaguar Land Rover’s (JLR) Freelander four-by-fours, the Financial Times reported.

* Universal Music is drawing up plans to sell Virgin Records after acquiring it in a 1.2 billion pounds ($1.87 billion) deal to buy EMI to avoid competition issues with the EU by reducing its market share in the UK, the Telegraph reported.

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