Poor sentiment on the company could further damp demand for co-working spaces amid slowing gross domestic product growth, hurting office REITs.
A prolonged shadow-banking crisis and hurdles in bankruptcy rules have left India holding the world’s worst bad-debt pile.
IPOs & Markets
The development comes after a dramatic fall in the entity's market value amid rising global trade tensions.
Policy & Regulations
Consolidation comes with its own set of challenges in HR, process integration, branch rationalization.
The purchase of a minority stake values five-year-old Secretlab at between $144 million and $216 million.
Utico also plans to relist Hyflux after restructuring by the end of 2019 or early next year.
Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd and Keppel Corp to buy out its stake in M1 Ltd.
The government-ordered restraint on lending to loss-making power distributors has marred the outlook for the state financiers.
It would facilitate a potential sale of some of the businesses.
Buying shares in companies that may be bought out or delisted.
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