Amrit Raj

Tanzania opposes public listing of Bharti Airtel’s Africa unit

The Tanzanian government, which owns 40% in the Dar es Salaam-based unit, has informed potential investors that it does not recognize the IPO plans of Airtel Africa Ltd.

India: IL&FS efforts to sell assets clouded by past failed attempts

IL&FS is planning to sell a majority stake in its financial services unit, as well as assets totalling Rs4,500 crore.

India: IL&FS plans to sell majority stake in financial services unit to pare debt

Disputes over contracts, delayed approvals for projects and rising interest rates have led to a cash crunch at the lender.

RBI tells Paytm Payments Bank to stop adding new customers

RBI has made certain observations about the process Paytm Payments Bank follows in acquiring new customers and its adherence to KYC norms.

UPL prepared to acquire Arysta LifeScience for over  $4b

The acquisition will also boost UPL’s agrochemical and crop protection business.

IHH Healthcare likely to make $685-787m binding offer to buy Fortis

IHH Healthcare outbid TPG-backed Manipal Health Enterprises Ltd by placing a higher per share offer for the promoters.

India: IHH Healthcare, TPG-Manipal submit fresh bids for Fortis acquisition

TPG-Manipal, which had earlier agreed to pay Rs 180 per share, may have lowered its bid.

India: Reliance Industries mulls IPO of telecom unit Jio in next 2-3 years

Reliance Jio’s short-term plan is to engage with customers, and continue to add subscribers.

India: UltraTech to acquire Century Textiles’ cement business in all-stock deal

The enterprise value of Century’s cement business is pegged at Rs 8,561 crore and UltraTech will absorb debt of Rs 3,000 crore.

India: Bidding war for Fortis intensifies as Malaysia’s IHH, Munjal-Burmans revise offer

Malaysia’s IHH Healthcare Bhd. on Tuesday revised its offer to Rs175 per share from its earlier offer Rs160 per share, which it made on 24 April.