India: Lenders mull higher payout to StanChart to expedite Essar Steel sale

By
Posted

The move by the lenders is part of an attempt to complete Essar Steel’s sale by the end of March.

India Digest: Samara eyes 3i Infotech; KKR, others may take control of CG Power

By

Private equity firm Samara Capital is reportedly in talks to acquire IT services firm 3i Infotech at an enterprise value of $140-150 million.


Ping An unit announces $150m investment in data centre operator GDS Holdings

By

GDS will use the proceeds from the investment to fund the expansion of its data centre capacity and for general corporate purposes.


Dubai’s IMG explores options for largest indoor theme park

By

IMG Worlds of Adventure, which cost about $1 billion to build, opened in 2016 and stretches across 1.5 million square feet.


India Digest: OYO acquires Innov8; Lemon Tree to buy Keys Hotels

By

Budget hotels firm OYO Hotels and Homes is said to have acquired co-working spaces provider Innov8 for around Rs 150-200 crore.


SugarCRM acquires email integration products of SG startup Collabspot

By

Silicon Valley-based SugarCRM is backed by Accel-KKR.


Ping An-backed P2P lender Lufax hits $39.4b valuation after Series C

By

In December, Lufax raised $1.33 billion in its Series C funding round from a dozen investors. It is funding growth by raising external capital as its Hong Kong IPO is on hold due to changing regulation in online consumer lending – a core business.


SG-based chemicals distributor Tee Hai sells 51% stake to Germany’s Brenntag

By

In 2018, Tee Hai Chem reported total sales of approximately 110.8 million euros ($125.3 million). 


Brookfield to acquire RIL’s East West Pipeline for $1.87b

By

India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest ₹13,000 crore to acquire the loss-making unit.


Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

By

For Goldman Sachs, the suspension of new business with Mubadala comes at a bad time as Abu Dhabi is embarking on a privatization spree that raises the prospect of several big deals in the offering for investment banks.