Search Results for:Anto Antony

KKR seeks to buy assets from stressed Indian NBFCs

KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.

Asia’s richest banker Kotak may acquire rivals to resolve stake dilution woes

Uday Kotak is seeking to meet a year-end deadline to reduce his stake in Kotak Mahindra Bank below 20 per cent. A recent preference share proposal was shot down by the Reserve Bank of India.

Indian billionaire Adani said to near deal to buy GMR power plant

Adani Power will take over about 38 billion rupees ($543 million) of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy owes.

It’s raining deals in India this year as country sets new $98b record

There are more billion-dollar deals being weighed, as pharma giant GlaxoSmithKline examines selling its stake in its local consumer health subsidiary, worth about $3.1 billion, and Kraft Heinz considers the sale of its children’s milk drink brand Complan in India, which may fetch about $1 billion.

Blackstone, Embassy Group said to pick banks for $1b India REIT

The Blackstone REIT, which comprises properties that count Microsoft and Rolls-Royce as tenants, would be a crucial test after much-hyped infrastructure trusts failed to gain traction in the Indian market.

India to inject $290m into Punjab National Bank to aid bond payment

India’s third-largest state-run lender will issue preferential shares to the government.

Facebook set to roll out WhatsApp payment services pan-India for bigger share

Facebook Inc. is set to offer its WhatsApp payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. The messaging app will partner HDFC Bank Ltd., ICICI Bank… Read more »

Deutsche Bank said to have called off $4.6b India portfolio sale

The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month.

Binani Cement lenders to consider Birla’s last-minute $1.1b bid

The move would overturn a decision the lenders made last month to support an offer from a rival consortium that includes Dalmia Bharat, and a Bain Capital-backed fund.

Bain-backed Dalmia bid said to win lenders’ backing for Binani

The process could be delayed as UltraTech, India’s biggest cement maker, has approached the NCLT with complaints on how the Binani sale process was run.