George Smith Alexander
Bharti said last week its African unit raised $1.25 billion from investors including Warburg Pincus, Temasek Holdings Pte and SoftBank Group Corp.
Tata Group, India’s biggest conglomerate, and consumer-goods manufacturer Dabur India Ltd. were also among suitors for the Kraft Heinz businesses.
In 2010, Piramal Enterprises sold its branded generic-medicine unit in India to Abbott Laboratories for $3.7 billion.
KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.
CK Hutchison is replenishing its funds after spending 2.45 billion euros ($2.8 billion) earlier this year to buy out partner Veon Ltd.’s stake in their Italian wireless venture.
A deal would require Shriram Capital to first finalize plans for a three-way merger with its publicly traded arms.
The firms plan to file a preliminary prospectus with the Indian capital markets regulator this week for the REIT, which will hold more than Rs 300 billion of assets.
Investors are concerned that defaults by IL&FS, which has total debt of $12.6 billion — 61 percent in the form of loans from banks and other financial institutions — could spread to other shadow banks in Asia’s third-largest economy.
Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year
Adani Power will take over about 38 billion rupees ($543 million) of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy owes.