Deborshi Chaki

Australia’s IAG weighs SBI General Insurance stake sale

IAG, which holds 26% in the general insurer, has started preliminary talks to hire an investment bank to manage the sale process.

Etihad poised to take effective control of Jet Airways

The plan could see Etihad Airways raise its stake from the current 24%, and Jet Airways’s promoter and founder Naresh Goyal cede control of the airline.

India: NBFC Samunnati in talks with PE firms to raise up to $70m

The NBFC, which is in talks with General Atlantic and Warburg, plans to dilute a significant minority stake.

Essel Group in talks with KKR, AION Capital to raise $400m in structured credit deals

Essel Group has been looking to deleverage by selling stakes in various group businesses, including Zee, Essel Propack and Essel Infraprojects.

SBI-led lenders consortium proposes $900m turnaround plan for Jet Airways

The resolution plan comprises fresh equity infusion and restructuring of $450 million of its loans.

2019 to be a strong year for PE exits, says BNP Paribas India top exec

The 2019 elections will increase volatility in the short term but are unlikely to impact the investment strategies of strategic investors, he said.

Vodafone Idea plans to approach global PE, pension funds to raise up to $1b

Vodafone Idea’s net debt stood at Rs 1.2 trillion as of September and the company urgently needs to shore up its equity base.

India is a terrific place to put capital in, says Kravis of KKR

He is of the opinion that while India needs to improve on several fronts that include removing regulatory bottlenecks and improving the ease of doing business, the country has done well with its pace of reforms in recent years.

India: Mindree’s largest investor looks to sell stake, KKR shows interest

Siddhartha and Coffee Day Enterprises Ltd and Coffee Day Trading Ltd hold around 21% stake in Mindtree, along with another 26% through other entities.

India: How Hindustan Unilever clinched GSK Consumer Healthcare deal

An unrivalled all-stock offer is what it took Hindustan Unilever Ltd to stave off several suitors for GlaxoSmithKline Consumer Healthcare Ltd.