Tanvi Mehta

India’s Jet Airways approves rescue deal to plug $1.2b funding gap

The airline’s board approved a rescue deal by the lenders, led by State Bank of India, which includes an equity infusion, debt restructuring and the sale or sale and lease back of aircraft.

Energizer, Duracell said to eye stake in Eveready India

Private equity firms Blackstone and KKR & Co Inc, and Indian fund Kedaara are also expected to put in bids, according to a news report.

Indian carrier Jet Airways defaults on debt payment to banks

Jet and its second-largest shareholder Etihad Airways are in talks with bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24%.

India: Tata Sons said to be in early talks to buy debt-laden Jet Airways stake

Tata has sought management control of Jet Airways, seeking at least 26% initially and another 26% via an open offer later.

Canadian pension fund CPPIB to amp up India investments

CPPIB has invested nearly C$7 billion ($5.30 billion) in India since entering the market a decade ago.

India: Fortis invites fresh bids from TPG-Manipal, Munjal-Burman, IHH

The invited bidders, should submit their interest by 31 May.

India’s Fortis Healthcare consortium agrees to re-open bidding process

The consortium had offered to invest $266.9 million in the company.

Clouds over Indian hospital chain Fortis keep suitors from making higher bids

All five bids on the table value Fortis within a tight, relatively modest range of $1.2-$1.4 billion.

India’s Hero Enterprise, Burman offer to invest in Fortis Healthcare

The two firms said they were ready to pay 5 billion rupees in cash before any due diligence, and invest the remaining 7.5 billion rupees after the completion of due diligence within a period of three weeks.

India: State-run HUDCO sets price range for up to $191m IPO

Housing and Urban Development Corp Ltd (HUDCO) on Thursday set the price range for its initial public offering (IPO), the first by a state-run company in five years, to raise up to Rs1,220 crore ($191 million). The Indian government, which fully owns the housing and urban infrastructure projects lender, plans… Read more »