India Digest: Dr. Reddy’s sells API unit; Spoonshot buys Brisky; Oyo’s UAE foray
By Pramugdha Mamgain
Posted
Dr. Reddy’s intends to streamline manufacturing operations and reduce costs through this sale.
HNA said to be in talks with Ant Financial, others over sale of IT unit Pactera
By Kane WuHNA had bought Pactera from Blackstone in 2016 for $675 million (515 million pounds) in cash.
India Digest: Kurl-on, Nazara Tech eye acquisitions; Amazon bids $400m for Spencer’s Retail stake
By Ishita RussellAmazon is reportedly eyeing a 30 per cent stake in Spencer’s Retail but talks have been held up due to differences over valuation.
Australia’s Pacific Current Group completes Aperio exit for $71.9m
By Mars WooMulti-boutique asset management firm Pacific Current Group had invested in Aperio in January 2016, paying a total of $31.8 million.
Former Ostro Energy executives seek $100m for renewable energy platform
By Utpal BhaskarIndia has emerged as one of the most favourable destinations for renewable energy with investments of about $42 billion. Over the next four years, the green energy sector has a business potential of $70-80 billion.
Philippine conglomerate Ayala’s arm forges $83m solar JV in Vietnam
By Mars WooThe Vietnam solar projects are part of AC Energy’s overall goal of expanding beyond the Philippines and growing its presence in Southeast Asian markets.
IFC mulls $15m equity investment in PT Bank KEB Hana Indonesia
By Juliet Shwe GaungIFC already holds a 9.98 per cent stake in PT Bank KEB Hana Indonesia, a mid-size bank with an asset base of IDR 40,654 billion ($2.7 billion).
StanChart CEO says actively exploring options for Indonesian bank stake
By Sumeet ChatterjeeStanChart and Indonesian conglomerate PT Astra International jointly control PT Bank Permata tbk, each owning 44.56%.
Chinese retailer Icicle buys struggling French couture house Carven
By Pascale DenisChinese consumers are the biggest buyers of luxury goods worldwide and so far the trade war with the United States has not dented that demand.
YPF in advanced talks to sell minority stake in power unit to Asian Fund
By Pablo GonzalezThe fund would get a 24.99 percent stake in YPF Energia Electrica SA.
