A special purpose vehicle of state-owned Air India has raised Rs 7,000 crore from the bond market, in a major exercise to clean up the balance sheet before privatisation. The bond was floated by Air India Asset Holdings...
Uber offers $750-mn junk bonds to help finance acquisition of Careem
Uber Technologies is selling junk bonds to help finance its acquisition of Careem in its first debt offering as a public company. The ride-sharing company is looking to issue $750 million of debt due in 2027, according...
YES Bank’s co-founder Rana Kapoor likely to sell his stake to Paytm
Rana Kapoor, co-founder of YES Bank, is said to be in talks with One97 Communications, owner of Paytm, to sell his stake in the private sector lender. Kapoor and his associate entities owned 10.6 per cent in the bank at...
Aptus raises Rs 880 cr from Steadview Capital, Sequoia, Malabar Investments
Aptus Value Housing Finance (Aptus), the Chennai-based affordable housing finance company, has raised Rs 880 crore in equity. The funding round was led by existing investor WestBridge, with new investors Steadview...
Yes Bank nears deal to sell minority stake to global tech firm, says CEO
Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost the Indian private lender’s capital, the bank’s CEO said. “We are in fairly advanced level of...
Saudi Aramco CEO hints at early local listing, silent on stake sale quantum
The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom’s crown jewel, said Tuesday that the company is ready for a local listing on the kingdom’s stock exchange and that it...
Reliance Capital to sell 3.15% stake in Nippon Life, raise over Rs 505 cr
Reliance Capital will sell up to 1.93 crore shares, representing 3.15 per cent equity, in Reliance Nippon Life Asset Management (RNAM) for over Rs 505 crore on stock exchanges through ‘Offer for Sale’ route...
CPPIB plans to invest $115 million in logistics provider Delhivery
Canada Pension Plan Investment Board (CPPIB) has said it is putting $115 million (Rs 8,250 crore) in Delhivery, one of India’s leading third-party logistics providers. Delhivery operates in over 2,000 cities and towns...
CCI approves Amazon’s 0.51% equity share acquisition of Quess Corp
Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by Amazon.com NV Investment Holding LLC. Quess Corp in a regulatory filing...
Can Fin Homes surges 4% as Canara Bank invites bids for stake sale
Shares of Can Fin Homes gained as much as 3.75 per cent to Rs 406.45 apiece on the BSE in the morning deals on Monday after the parent firm Canara Bank invited bids to sell 30 per cent stake in the housing finance...
Equitas says considering new scheme of arrangement; seeks RBI’s approval
Equitas Holdings — the promoter of Equitas Small Finance Bank (SFB) — on Saturday said it was considering a new scheme of arrangement and has sought the Reserve Bank of India’s (RBI’s) approval. This comes a day after...
NCLT approves Patanjali’s resolution plan for debt-ridden Ruchi Soya
The National Company Law Tribunal has approved the resolution plan submitted by Yoga guru Ramdev-led Patanjali for the debt-ridden Ruchi Soya. A two-member Mumbai NCLT bench, comprising Rajesh Sharma and V P Singh...
