Embassy Office Parks REIT (real estate investment trust) picked Kotak Mahindra Bank and Morgan Stanley to help raise funds for a potential acquisition of commercial property assets in India, according to people familiar...
NTPC may acquire NEEPCO through debt; awaits clarity on THDC stake buying
NTPC, which is in the process of acquiring the central government’s stake in two hydro power firms, THDC and NEEPCO, is likely to depend on external funding to do so, not internal cash flow. The thermal behemoth’s cash...
Airline always look for opportunities worldwide, says Delta official on AI interest
American carrier Delta Air Lines on Thursday did not rule out the possibility of investing in Air India, saying it will “look at any opportunity” that fits its strategic plan. A senior official of the...
IDBI Bank plans to raise up to Rs 2,000 crore through tier-II bonds
Private sector lender IDBI Bank plans to raise up to Rs 2,000 crore in capital through tier-II bonds to enhance capital adequacy. In September, Life Insurance Corporation (LIC) of India and the Government of India (GoI)...
Roche to complete $4.3 bn acquisition of Spark as regulators give all clear
Swiss drugmaker Roche plans to complete its $4.3 billion takeover of gene therapy specialist Spark Therapeutics on Tuesday after U.S. and British authorities ruled the deal would not hurt competition in hemophilia A...
Govt looks to move debt out of Air India balance sheet before stake sale
The government is looking to shift more debt from the balance sheet of disinvestment-bound Air India to asset holding company AIAHL to further sweeten the deal for prospective buyers, according to a senior airline...
Daimler seeks majority control of its main China joint venture: Report
Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on...
SBI, other PSBs to lend Rs 4,000 cr to Patanjali for Ruchi Soya acquisition
State Bank of India (SBI) and other public sector banks have decided to lend Rs 4,000 crore to Patanjali Ayurved for the acquisition of Ruchi Soya, which was facing bankruptcy proceedings under the Insolvency and...
Reliance Jio tower assets sold to Canada’s Brookfield for Rs 25,000 crore
Reliance Industrial Investments and Holdings (RIIHL), a wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries (RIL), has entered into binding agreements with Canada’s Brookfield Infrastructure Partners LP and...
Cipla acquires brand, trademark for anti-diabetic drug Vysov in India
Homegrown pharma major Cipla Ltd on Monday said it has acquired brand name and trademark rights for Vysov for anti-diabetic drug Vildagliptin for the Indian market from Novartis. However, it didn’t disclose the...
PSBs on merger track may get recapitalisation allocation in Budget 2020
With a little over three months left to complete the process of consolidation of public sector banks (PSBs), as announced by the finance minister in September, the 10 banks involved in the mergers are understood to be...
RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr
Reliance Industries on Friday said its wholly-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) has acquired over 51 per cent stake in Asteria Aerospace for Rs 23.12 crore. “RSBVL has acquired...
