(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...
Centre may pick up token stake in Vodafone Idea to allay investor concerns
The government is open to picking up a token stake in Vodafone Idea by converting a part of the dues the company owes as part of the Centre’s efforts to instil confidence in investors about the future of the loss-making...
Fintech firm Ideanomics to buy VIA Motors for nearly $630 mln
Financial technology company Ideanomics Inc said on Monday that it will acquire VIA Motors International Inc in an all-stock deal that would value the electric commercial vehicle firm at about $630 million. The...
Why the government is against the merger of Vodafone Idea and BSNL -MTNL
The government is not in favor of merging Vodafone Idea and state-owned BSNL and MTNL, a TOI report said, quoting multiple sources. “Multiple and strong logical reasons” suggest “outright rejection” of any proposal that...
Merger with BSNL may help save Vodafone Idea, says Deutsche Bank
The government must back state control of Vodafone Idea (Vi) by quickly merging it with Bharat Sanchar Nigam (BSNL) and recapitalise the ailing telco to save it from going bankrupt, especially after the Supreme Court...
Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance
Mahindra Financial Services, a leading non-banking financial company has put together a strategy to make Sri Lanka a preferred market going ahead. This after completing a 58.2% acquisition in Sri Lanka based Ideal...
Vodafone Idea seeks to raise up to $3 billion from Apollo Global
Vodafone Idea(Vi) has started talks with US PE group Apollo Global Management to secure up to $3 billion (Rs 22,400 crore) in funding over the next three months through a mix of debt and equity to meet major upcoming...
Cash-strapped Vodafone Idea looks to monetise assets to raise $1 billion
Vodafone Idea (Vi) is hoping to raise up to $1 billion (around Rs 7,400 crore) from sale of its fixed-line broadband subsidiary, optic fibre unit and data centres business, as it seeks to ease its cash crunch and...
Thyssenkrupp open to idea of German steel merger – CEO Steel Europe
Thyssenkrupp has not dismissed the idea of merging its steel business, Europe’s second-largest, with a rival, said Bernhard Osburg, chief executive of ThyssenKrupp Steel Europe, citing pressure to rein in costs and...
Sibanye CEO floats merger idea with Gold Fields, AngloGold Ashanti: report
Sibanye-Stillwater should merge with peers Gold Fields and AngloGold Ashanti to create a gold mining leader which would beat Newmont to the top spot, the miner’s CEO Neal Froneman told South African newspaper Business...
Fundraising plans of Vodafone Idea hit hurdles
Vodafone Idea’s (Vi) big-ticket fundraising plans have hit an air pocket following differences with key members of the prospective lenders’ consortium such as Oak Hill and Varde Partners over funding terms and...
Drone startup ideaForge raises ₹15 crore from BlackSoil
ideaForge, a homegrown unmanned aerial vehicles (UAVs) manufacturer backed by US-based WRVI Capital and leading companies like Qualcomm and Infosys, has raised ₹15 crore from venture debt firm BlackSoil. The funds will...