Search Results for:Deborshi Chaki

Warburg Pincus said to lead race to buy 26% stake in insurer IndiaFirst

IndiaFirst is a joint venture between Bank of Baroda, which owns a 44% stake, Andhra Bank, which holds 30%, and Legal and General. The transaction is valued at close to $150 million but the final figure may change as the talks are going on.

India: Kedaara Capital, Partners set to acquire Vishal Mega Mart for $735m

Kedaara-Partners Group will buy the retailer from TPG Capital and Shriram Group.

India: General Atlantic’s planned acquisition of Karvy unit hits snag

The transaction has not yet received regulatory clearances, but not been called off.

Blackstone, Warburg in talks for minority stake in India’s Max Financial

Max Financial Services, led by billionaire Analjit Singh, is raising money to finance a potential acquisition by its life insurance unit Max Life Insurance Co. Ltd.

Aurobindo launches $1.6b bid to buy Novartis generics unit

If Aurobindo is successful, it will be the biggest outbound transaction by an Indian drug maker.

India: Aditya Birla Capital, Värde Partners in talks for stressed assets tieup

Aditya Birla Capital received a licence from the Reserve Bank of India to set up an asset reconstruction company in September last year.

India: Penna Cement plans to raise $195m in IPO

Penna Cement has hired Edelweiss Financial Services Ltd, IIFL Holdings Ltd and JM Financial as book runners for the offering

Luminous, Microtek, Greaves Cotton in race to buy Su-Kam Power

Su-Kam, which is currently under corporate insolvency proceedings, is likely to be put up to bidders.

India: Edelweiss ARC, Kotak unit may buy Avantha’s $645m debt

Axis Bank-led consortium is yet to take final call with both firms seeking a 50% haircut

BlackRock set to enter distressed debt space in India

BlackRock is in the process of a hiring a managing director for its global private credit platform, who will focus on distressed and non-performing asset opportunities in India