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Staveley hands Ashley £300m Newcastle bid

Staveley hands Ashley £300m Newcastle bid

Business
The controversial sportswear tycoon Mike Ashley is nearing the final whistle as the owner of Newcastle United Football Club after receiving a formal takeover offer from Amanda Staveley, the financier.Sky News has learnt that Ms Staveley's PCP Capital Partners tabled a bid worth in the region of £300m to buy Newcastle from Mr Ashley late last week.It was unclear on Monday evening whether PCP was the only credible bidder for the club, although people close to the process said the logical next step would be to award Ms Staveley a period of exclusivity within which to negotiate a deal.That could come as soon as this week, according to insiders.PCP's money is a combination of Ms Staveley's equity and that of her major investors, which include funds based in the Middle East.Announcing his intent
​600 homebuyers join hands, bid for completing a part of Jaypee project

​600 homebuyers join hands, bid for completing a part of Jaypee project

Finance
NEW DELHI: Among the 20-odd bidders for insolvency-hit Jaypee Infratech’s housing, hospital and road projects, including some top names from India Inc, there is an entity with no experience of construction and probably no documents to show its net worth -- a group of flat buyers from Kasa Isles who are pitching to take over some of the apartment blocks and construct it themselves. Over 600 buyers from the 16 towers of the project in Noida’s Sector 129 have come together under the umbrella of Kasa Isles Welfare Association and submitted their proposal to the resolution professional appointed by the National Company Law Tribunal. Now, they have approached the insolvency resolution professional with a formal offer. Aman Behal, a core committee member, said the association will need around