BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We have revised our earnings estimates for Triveni Turbine Ltd. to account for the settlement agreement signed by the company with regard to the affairs of GE Triveni Ltd., a joint venture between Triveni Turbine, D.I. Netherlands B.V. and Baker Hughes and its affiliates (BH Parties).
During the course of the business, certain disputes arose between the JV partners, resulting in the filing of litigations, which were pending with different legal forums for the last two years.
With a view to resolve these disputes and differences, the JV parties have mutually agreed to settle the disputes amicably and have entered into a settlement agreement on September 06, 2021.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR