By George Smith Alexander
The process could be delayed as UltraTech, India’s biggest cement maker, has approached the NCLT with complaints on how the Binani sale process was run.
India Dealbook: Foodtech startup SmartQ, comms platform Stumagz, traveltech firm Tripeur raise fundsBy Ishita Russell
SmartQ’s existing investor venture capital firm YourNest also participated in the round.
Prudential, which derives about one-third of its earnings from Asia, is benefiting from the region’s expanding middle class and growing insurance coverage.
JM Financial Asset Reconstruction Company has emerged as the sole bidder for bankrupt textile company Alok Industries, while London-based Liberty House remains the only bidder for bankrupt ABG Shipyard even after the second round of bidding. In another development, Malaysia’s IHH Healthcare Bhd is set to launch a voluntary open offer to… Read more »
The ad hoc group of creditors that signed a binding restructuring support agreement represents 46 percent of the senior debt.
About 100 million adults in Pakistan don’t have access to financial services.
US retail major Walmart Stores Inc is in discussions to acquire a majority stake in domestic e-commerce giant Flipkart.
It wouldn’t be Tsai’s first foray into U.S. sports: Last year he agreed to buy a 49 percent stake in the Brooklyn Nets.
The sale is the latest attempt by HNA to restructure its far-flung operations and raise cash by selling equity and prime real estate assets.
Shangri-La Beer plans to use proceeds from the funding round to roll out over 100 brewpubs across China and export its beers internationally.