Search Results for:George Smith Alexander

Bharti Airtel plans Africa unit IPO in bid to pare $4.6b debt

India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.

India’s L&T to sell unit to Schneider-Temasek consortium for $2.1b

Schneider will own 74% of the unit when the deal is complete, while Temasek will own the rest.

Manipal, Radiant Life revise offers for Indian healthcare chain Fortis

The revised offers are being submitted after Fortis’s board last week said it will only consider binding bids.

Deutsche Bank said to have called off $4.6b India portfolio sale

The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month.

Binani Cement lenders to consider Birla’s last-minute $1.1b bid

The move would overturn a decision the lenders made last month to support an offer from a rival consortium that includes Dalmia Bharat, and a Bain Capital-backed fund.

ArcelorMittal to challenge legitimacy of VTB-led bid for Essar Steel in court

The case will be heard in the company court in Ahmedabad.

TPG-led group close to buying India’s second-largest listed hospital chain Fortis

The investor group, which also includes Manipal Health, could announce a deal as soon as the next few days. Under the plan being discussed, the operations of closely-held Manipal — whose backers include TPG and Temasek Holdings — would be combined with those of Fortis.

Russia’s VTB-led consortium open to buying out Ruia in Essar Steel race

The consortium led by VTB is up against ArcelorMittal, the world’s biggest steelmaker, that last month submitted a higher offer than the former.

India: UltraTech increases Binani Cement bid to $1.06b

UltraTech, controlled by Kumar Mangalam Birla, is competing with a consortium led by Dalmia Bharat Ltd., which has been chosen as the highest bidder.

Bain-backed Dalmia bid said to win lenders’ backing for Binani

The process could be delayed as UltraTech, India’s biggest cement maker, has approached the NCLT with complaints on how the Binani sale process was run.