Indian telecom operator Vodafone Idea said on Friday it would raise up to 180 billion rupees ($2.16 billion) later this month through a sale of new shares, in what will be the country’s biggest follow-on public...
India’s Vodafone Idea says not in tie-up talks with Musk’s Starlink
India’s Vodafone Idea is not in talks to tie up with billionaire Elon Musk’s satellite internet company Starlink, the telecom operator said on Tuesday, dashing hopes of a revival in the debt-ridden company...
UBS Group, Credit Suisse oppose idea of forced merger, says report
UBS Group AG and Credit Suisse Group AG are opposed to a forced merger, Bloomberg News reported on Thursday, citing people with knowledge of the matter. UBS prefers to focus on its own wealth-centric strategy and is...
Govt to acquire Vodafone Idea stake after share price stabilises at Rs 10 or above
The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the...
Vodafone Idea raises Rs 436 cr from Vodafone Group
Vodafone Idea, jointly promoted by Vodafone Group and the Aditya Birla Group, will raise Rs 436.21 crore from its UK parent at Rs. 10.20 a unit, as the cash-strapped telecom operator aims to mop up all the funds it...
Saudi PIF shortlisted as bidder for stake in Starbucks Mideast – sources
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has been shortlisted to buy a stake in the Middle East, North Africa and central Asia Starbucks franchise held by Alshaya Group, two sources...
Ideal Insurance Brokers takes M&A route to expand geographical presence
Ideal Insurance Brokers is taking the acquisition route to grow and expand its geographical presence. The Kolkata-based firm has just completed the purchase of Govind Consultancy and Narnolia Insurance Brokers to boost...
Government to hold 33% stake in Voda Idea post equity conversion: Ravinder Takkar
The government will hold around 33% in Vodafone Idea (Vi), post-conversion of the latter’s accrued interest liability (on deferred dues) into equity, while the telco’s promoters—UK’s Vodafone Plc and India’s Aditya...
CVC, Brookfield among bidders for stake in Starbucks Mideast franchise – sources
Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia Starbucks franchise held by Alshaya Group, two sources familiar...
Canadian pension funds to increase stakes in Mexico’s IDEAL
The controlling shareholders of Mexican construction company IDEAL, part of the business empire of tycoon Carlos Slim, signed an agreement for two Canadian pension funds to increase their shareholdings in the firm...
PayPal’s Pinterest takeover idea may be a bit too pricey
PayPal Holdings Inc. is said to be exploring a $45 billion takeover of Pinterest Inc., and investors are as puzzled by the pairing as they are by the astronomical valuation. After Bloomberg News broke the story of the...
Vodafone Idea in talks to raise up to $1 billion in equity
(Vi) is in advanced talks to sell a minority stake to global private equity investors including Apollo Global Management and Carlyle to raise up to $1 billion, or approx. Rs 7,540 crore, over the next two-to-three...