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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.
The company helmed by billionaire Anil Ambani is negotiating with two investors who are conducting due diligence.
The US investment firm and the Indian financial services provider are expected to deploy this sum over three years
The deal is part of a broader pact to sell most of its wireless assets to Reliance Jio.
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.
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.
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.
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.