Reserve Bank of India rejects Kotak’s proposal to reduce promoter holding

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RBI has communicated to the company that PNCPS issuance doesn’t meet its promoter holding dilution requirement.

Alphabet to invest $375m in health tech insurer Oscar Health

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The investment comes months after Oscar Health raised $165 million in a funding round. Among the participants of that funding, CapitalG and Verily Life Sciences were financed by Alphabet.


Cerberus said to pursue deal for China HNA’s $3b Swissport unit

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HNA is working with advisers to explore possibilities for Swissport including the sale of a majority stake in the business


Vietnam Digest: Singapore’s PropNex inks franchise deal; State to cut stake in banks

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During 2021-2025, Vietnam will reduce state ownership from 65% to 51% and set a schedule for listing of Vietcombank, BIDV and Vietinbank.


China’s co-working major Ucommune seeks $200m in fresh funding, eyes 2019 IPO

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The co-working space operator just announced a $43-million funding round that raises its valuation to $1.8 billion.


Didi’s car services spinoff Xiaoju acquires auto care firm Hiservice

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Xiaoju was recently spun off into an independent unit after securing $1 billion from parent Didi Chuxing.


Musk’s Tesla buyout plan – No formal offer, no firm deals with advisers

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Three members of Tesla’s board will now weigh whether it is advisable – or even feasible – to pursue what could be the biggest-ever go-private deal, and they are doing so before receiving a formal proposal from the CEO.


Mubadala offers to sell $150m worth of shares in Malaysia’s RHB Bank

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The shares represent approximately 3 percent of RHB’s enlarged share capital.


Malaysia’s AirAsia divests from Expedia JV, last non-core investment

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AirAsia Group and Expedia formed the JV, AAE Travel Pte Ltd in 2011, in which Expedia held 75 per cent stake since 2015.


India Digest: CCI clears Adani-Ruchi, Teleperformance-Intelenet deals; Future Retail may get foreign investor

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Adani Wilmar had emerged as the highest bidder for Ruchi Soya with an offer of about Rs 6,000 crore.