The JV would have created Europe’s second-largest steel maker after ArcelorMittal by merging the two companies’ operations.
Altico’s equity investors include Abu Dhabi Investment Council, Fiera Capital and Varde Partners.
Q & A
NBFCs often act as shock-absorbers when the banking system is constrained, says the former Deutsche Bank Asia Pacific CEO.
The Tata group may revive an attempt to buy Jet Airways if lenders fail to find a buyer and are forced to drag the carrier to a bankruptcy court.
There is a strong possibility that Etihad, TPG Capital and NIIF may form a consortium to jointly bid for Jet Airways at a later stage.
The Daftary family, which owns 77% of Bharat Serums, is said to have approached Carlyle and Advent, among others.
GVK’s plans to divest its own stake in MIAL to raise funds could run into trouble in view of the latest developments.
The sticking point could be the quantum of stake the promoter wants to retain in Zee. Essel Group holds a 41.62% stake in Zee, of which more than half
Larsen and Toubro (L&T), which has been in talks to buy Cafe Coffee Day founder VG Siddhartha’s stake in Mindtree Ltd, is set to sign a binding agre
While Blackstone Group is actively looking for assets under its Comstar platform, its peers Warburg Pincus is exploring similar deals.
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