Hitachi Ltd has narrowed down potential buyers of Hitachi Metals Ltd to two groups, one of which is led by private equity firm KKR & Co, Jiji Press said on Thursday. If realised, the deal is expected to be worth...
Baring Asia looks to cash out of CMS Info Systems, seeks private equity, strategic buyers
Five and a half years after acquiring India’s largest cash logistics company CMS Info Systems, Baring Private Equity Asia is exploring an exit after currency in circulation surged 22% last year from a year before, a...
Virgin Australia has 19 potential buyers in data room: administrator
Virgin Australia Holdings Ltd’s administrator said 19 parties interested in purchasing the airline had been granted access to a data room as of May 11 and non-binding indicative offers are due on May 15, according to an...
Banks scout buyers for Future Retail stake after Biyani’s loan default
Banks, which have significant exposure to both Future Retail (FRL) and its promoters, are nudging the company to go for an all-stock merger with an existing retail player. The move has been expedited after its promoter...
Future group seeking buyers for insurance arm to pay off its debt
The Future group is looking for a buyer for its insurance venture to ease pressure on the promoter entities to pay off its debt. With the share prices of group companies falling rapidly on the bourses, the group is...
Walmart in talks with possible buyers for Asda stake
Walmart, the world’s largest retailer, is in talks with possible buyers of a stake in its British supermarket Asda, which it failed to combine with Sainsbury’s last year. Asda and Walmart said in a joint statement on...
M&A strong though Chinese buyers lacking: Citigroup’s Kalvaria
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns’ offer “great potential”, but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender’s...
Russian pension funds among buyers of Gazprom’s shares: Ifx
A consortium of investors, including Russian pension funds, bought a 6.6% stake in state-owned gas giant Gazprom earlier this year, Interfax news agency cited Andrei Akimov, the head of Gazprombank, as saying on...
NBCC gets nod of lenders, homebuyers to acquire Jaypee Infratech in insolvency process
State-owned NBCC on Tuesday won approval of financial creditors to takeover debt-laden Jaypee Infratech Ltd, rekindling hopes of homebuyers finally getting their promised flats over the next 4 years. A week-long voting...
Jaypee Infratech: Lenders, homebuyers approve NBCC’s bid
Jaypee Infratech’s financial creditors, including lenders and home buyers, have approved the bid of state-owned NBCC to acquire the debt- laden realty firm under insolvency process, according to sources. They said...
Suraksha Realty hopeful of getting favourable vote of lenders, home buyers on Jaypee bid
Mumbai-based Suraksha Realty on Monday expressed confidence that bankers and home buyers will vote in favour of its bid to acquire bankrupt realtor Jaypee Infratech, saying that the company has substantially improved...
Jaypee Infra case: Suraksha may offer more cash & land to lenders, higher penalty to buyers
Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers...