The three companies are in the process of conducting due diligence on the assets, which have been put up for auction by the National Highways Authorit
GMR Group is also in talks AION Capital to raise around $500 million to buy out existing PE investors before its planned IPO
The company has also hired two officials, including one from private equity firm KKR and Co. Inc., to lead the structured debt business
The PE firm had invested close to $4.18 million in the firm for a substantial minority stake in 2007.
The transaction is said to be valued at $580 million. It follows Amazon’s plans to build its food retail business in India for which it has made a s
Lakshmi Vilas Bank is keen to sell as much as 51% if permitted by the Reserve Bank of India (RBI) but bad loans may cloud a potential deal as Baring w
J.C. Flowers and Ambit hold 47.5% each in the ARC while entrepreneur Jerry Rao holds 5%.
IPOs & Markets
The micro financier is also looking to launch its IPO in the next 12-15 months to help some of its investors sell their stakes.
Rao had been brought in for managing the technology portfolio of the PE firm in India, Asia and the US.
LT Foods Ltd has raised Rs 140 crore from existing investor Rabo Equity Advisors for its wholly-owned subsidiary Nature Bio Foods Ltd (NBFL) in lieu o
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