Search Results for:Bhuma Shrivastava

Playing catch-up, Asia’s financial hubs seek greater diversity in boardrooms

Women made up 14.7% of board membership at Singapore’s top 100 listed companies and 13.8% for the 50 members of Hong Kong’s Hang Seng Index.

Indian billionaire Anil Ambani in negotiations to shed control of RCom

The company helmed by billionaire Anil Ambani is negotiating with two investors who are conducting due diligence.

India: Aditya Birla, Varde to set up $1b JV to buy stressed assets

The US investment firm and the Indian financial services provider are expected to deploy this sum over three years

India: RCom closes $429m fiber sale to Jio as deadline looms

The deal is part of a broader pact to sell most of its wireless assets to Reliance Jio.

Tycoon Mistry battles to unlock $17b of his wealth in India

Mistry, who derives an estimated $16.7 billion of his fortune from his 18.4% equity in Tata Sons, can no longer sell those holdings without the approval of a board his family has been fighting for two years.

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.