Search Results for:Bhuma Shrivastava
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.
The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.
The Bain Capital-backed Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million) for Binani Cement.
The consortium is led by Mukund Rajan, the head of international operations for Tata Group’s holding company.
Mumbai-listed Hindalco made a non-binding offer through its U.S. unit, Novelis.
Schneider Electric is said to be in exclusive talks to buy the electrical unit, valuing it at around $2 billion.
As many as one-third of the group’s 100-plus units could go.
The Reliance Industries chairman has added $12.1 billion to his wealth this year.
Ambani aims to raise over $4.5 billion this year to reduce group debt.
Indian billionaire Ajay Piramal wants to sell mortgages and build affordable homes as the drugs-to-data conglomerate seeks to ride an estimated $1.3 trillion housing-investment boom. Prime Minister Narendra Modi’s government is putting a “huge emphasis” on affordable housing to drive job creation and economic growth, said Piramal, chairman of Piramal… Read more »