Proceeds from the transactions will be used to reduce promoter debt.
It will only consider pithead plants for acquisition, that is plants located near coal mines with assured coal supplies.
The buyout firms are reportedly looking to invest between $500 million and $750 million in Yes Bank.
Medanta counts private equity firms Carlyle and Temasek as its investors.
The financier aims to systematically bring down single-borrower exposure to Lodha, a Piramal Capital spokesperson said.
Jet Airways has not flown since 18 April due to funding woes
The lenders have initiated the search for a third investor.
EY was asked to probe the airline’s books from 1 April 2014 to 31 March 2018.
Yes Bank’s idea to tap PE funds is akin to Axis Bank's $1.8-billion funding from Bain and others in 2017.
The JV would have created Europe’s second-largest steel maker after ArcelorMittal by merging the two companies’ operations.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in
rapidly evolving cape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more
Be a part of our growing community now.