AU Small Finance Bank gets shareholders’ nod to raise $147m from Temasek unit
By Pramugdha Mamgain
Posted
This is the largest primary capital infusion in AU Bank and its first ever since their last raise in fiscal 2012.
After failing to find buyer for flag carrier, govt plans Coal India share sale
By Bloomberg NewsPM Modi plans to raise about $12 billion in the current year from asset sales.
HDFC Bank mulls relying entirely on India for proposed $2.3b share sale
By Bloomberg NewsIt will use the money to boost its capital buffers and support its growth plans for several years.
Thailand: Minor International confident of acquiring Spain’s NH Hotels, says CEO
By Chayut SetboonsarngThe Thai company has agreed to buy from China’s HNA, NH’s biggest shareholder, a 26.5% stake.
Malaysia’s GHL Systems truncates deal size in Vietnam’s MPOS Global
By Ka Kay LumCiting non-fulfillment of conditions, GHL has now picked 6.1% in MPOS Global against the earlier planned 31.6% in a downsized deal.
Australia’s Atlas Iron receives $290m offer from Hancock Prospecting unit
By Ambar WarrickThe offer potentially sets off a three-way struggle for the iron ore miner.
India Digest: Genesis, Manjushree, Ruchi Soya sale; Ratan Tata backs N-E Small Finance Bank
By Ishita RussellLast year, L Catterton Asia had sold its around 40 per cent stake in Genesis Luxury to Reliance Retail.
Google to invest $550m in China’s e-commerce giant JD.com
By ReutersThe deal could help JD.com expand beyond its base in China and SE Asia and establish a meaningful presence in U.S. and European markets.
JSW Energy, Adani submit EoIs for bankrupt Monnet Power
By Tanya ThomasThis is the second time that JSW Energy has expressed interest in Monnet Power.
Razer Inc leads $3.28m funding round of ASX-listed Esports Mogul
By Tanu PandeyThe investment is also seen as a move by Razor to deepen its play in the global gaming industry.
