Malvika Joshi

GIC, KKR, others back $1.75b investment in India’s HDFC

The other investors include Ontario Municipal Employees Retirement System, Premji Invest and Carmignac.


India: Cholamandalam Finance to set up housing finance company

The company is also planning to raise Rs 500 crore through masala bonds.


India: HDFC to raise up to $2b via QIP, to invest $1.3b in HDFC Bank

The QIP is aimed at maintaining shareholding in subsidiary HDFC Bank and bolstering capital base to meet the growing demand for home loans.


India: ESAF small finance bank to raise $69.4m through debt, equity

The Kerala-based small finance bank will use the capital for growing its loan book and footprint.


Small finance banks should not lose focus from poor: Grameen founder Md Yunus

Today’s banks are all for the rich although it is not said that way.


India: RCom’s new debt repayment plan gives banks majority shareholding

The firm has about Rs45,000 crore in debt and last week announced that it was going to shut down its 2G services in about a month.


India: Piramal Enterprises plans to raise about $1b via QIP, rights issue

The firm said it will be utilizing the proceeds mainly to strengthen its financial services business.


India: IndusInd Bank board approves merger with Bharat Financial

As of 30 June 2017, Bharat Financial had a loan book of Rs 10,971 crore.


India: RCom-Aircel merger collapses, doubts on debt repayment rise

The development will further impede its efforts to pare its huge debt.


India: Interests of Shriram shareholders will be key in merger with IDFC, says Ajay Piramal

Merger discussions may even be called off if the deal structure is not favourable to shareholders of the Shriram group firms.