Search Results for:Bhuma Shrivastava

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.

Anil Ambani goes on asset sale spree as lenders ramp up pressure

Ambani aims to raise over $4.5 billion this year to reduce group debt.

India’s $1.3t housing bonanza draws Piramal loan bet

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 »