Tanya Thomas

India: Tata Steel to sell SE Asia ops to China’s HBIS Group for $327m

The transaction is part of Tata Steel’s strategy to offload its marginal assets globally and find partners for its more significant international businesses.

JSW may support Ruia family bid to take back control of Essar Steel

JSW is likely to be an equity partner with the Ruias’ Essar group, along with foreign financial investors.

India: Essel Infraprojects looks to sell part of its roads portfolio

Essel Infra is in talks with Cube Highways and Infrastructure, Adani Enterprises and three Canadian pension funds.

India: IL&FS draws interest from 30 suitors for road assets

The group is undertaking a series of asset monetization programmes to pay off its ₹91,000 crore debt.

Switzerland, SG airport operators said to mull bidding for India airports

Other overseas entities that have shown interest include German airport operator AviAlliance, Global Infrastructure Partners (GIP) and Sydney-based AMP Capital.

Cube Highways emerges top bidder in Indian highways authority’s auction

Cube Highways was set up by I Squared Capital along with World Bank arm International Finance Corp.

India: Debt-laden IL&FS seeks interest for sale of education, fund management business

This is part of the asset monetisation programmes being undertaken by IL&FS to pay off its debt burden of ₹91,000 crore.

India: Hero Future close to acquiring solar power assets of Waaree Energies

Waaree’s solar plants have been on the block for nearly a year. ReNew Power, India’s largest developer by capacity, has evaluated them for an acquisition, but talks fell through earlier this year.

PE firm Actis to buy Essel Infraprojects’ solar power projects

Essel Infra, part of media mogul Subhash Chandra’s Essel Group, put its solar assets on the block in early 2018.

Investment bankers reach out to potential buyers for IL&FS assets

Bankers are said to have approached Macquarie and Brookfield for the sale of IL&FS’ road assets.