Search Results for:George Smith Alexander

Arcelor, VTB hit speed bump in bid for India’s $6b Essar Steel

Advisers evaluating the offer have expressed concerns about the eligibility of the offers from both ArcelorMittal and the VTB consortium.

Bain-backed consortium said to be highest bidder for India’s Binani Cement

The Bain Capital-backed Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million) for Binani Cement.

India: Birla’s UltraTech, Dalmia emerge as lead bidders for Binani Cement

UltraTech Cement and the Dalmia Bharat consortium have each made cash offers of around Rs6,000 crore.

India: ArcelorMittal, Russia’s VTB-led consortium said to vie for Essar Steel

Essar Steel could fetch a valuation of at least $6 billion in a sale.

TPG-backed consortium said to bid $1b for Tata Group’s fiber arm

The consortium is led by Mukund Rajan, the head of international operations for Tata Group’s holding company.

India: Bank of Baroda may sell Nainital Bank to bolster capital

Bank of Baroda holds 98.6% stake in the 96-year-old Nainital Bank, which had assets of about $1.2 billion as of March end

South Africa’s Life Healthcare looking to sell its stake in India’s Max Healthcare

Life Healthcare is working with Barclays to explore potential interest in its 49.7% stake in Max Healthcare and could seek about $406 million for it.

Hindalco among potential buyers to bid for $2.5b aluminum producer Aleris

Mumbai-listed Hindalco made a non-binding offer through its U.S. unit, Novelis.

Industrialists face off with producers as $26b of India’s steel assets go up for grabs

Surging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers.

India’s ICICI Bank said to pick banks for IPO of $3b brokerage arm

ICICI Securities could raise at least 30 billion rupees ($465 million) via an IPO.