Search Results for:Bhuma Shrivastava

Mukesh Ambani overtakes Jack Ma as Asia’s richest person

Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disruptive telecom upstart Reliance Jio Infocomm Ltd.

Reliance Industries looks to raise additional $3b as $13b debt matures

Its latest plan extends a strategy of raising cheaper debt, riding on its better-than-sovereign ratings, while also actively investing about $12 billion in reserves to generate returns.

Bharti Airtel plans Africa unit IPO in bid to pare $4.6b debt

India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.

Bharti tower unit to merge with Indus creating $14.6b telecom behemoth

The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.

Bain-backed consortium said to be highest bidder for India’s Binani Cement

The Bain Capital-backed Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million) for Binani Cement.

TPG-backed consortium said to bid $1b for Tata Group’s fiber arm

The consortium is led by Mukund Rajan, the head of international operations for Tata Group’s holding company.

Hindalco among potential buyers to bid for $2.5b aluminum producer Aleris

Mumbai-listed Hindalco made a non-binding offer through its U.S. unit, Novelis.

India: L&T may sell some assets by March to fund acquisition spree

Schneider Electric is said to be in exclusive talks to buy the electrical unit, valuing it at around $2 billion.

India: Tata hiring bankers to sell or merge dozens of units

As many as one-third of the group’s 100-plus units could go.

Ambani edges out Li Ka-shing as Asia’s second richest as debt fuels Reliance growth

The Reliance Industries chairman has added $12.1 billion to his wealth this year.