Search Results for:George Smith Alexander

India: Piramal Enterprises said to mull $1b contract pharma unit sale

In 2010, Piramal Enterprises sold its branded generic-medicine unit in India to Abbott Laboratories for $3.7 billion.

KKR seeks to buy assets from stressed Indian NBFCs

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 said to review $1b Italy telecom tower portfolio

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.

India: Blackstone, KKR among suitors to pick Shriram stake in $3b deal

A deal would require Shriram Capital to first finalize plans for a three-way merger with its publicly traded arms.

Blackstone said to plan yield of up to 7% for India’s first REIT IPO

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.

India’s IL&FS said to plan $4.2b asset sale as defaults pile up

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.

Once-in-a-lifetime deals fuel a $100b India M&A boom trouncing previous annual record

Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year

Indian billionaire Adani said to near deal to buy GMR power plant

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.

Blackstone holds talks to pick stake in Jet Airways loyalty arm

The private equity firm has expressed interest in a deal that could value Jet Privilege Pvt at about $429 million.

Tata Group, Dabur among bidders for $1b Kraft Heinz’ India assets

Tata Group and Dabur India Ltd are among suitors selected for the second round of bidding.