Lyft aims to raise $2.1 billion in its IPO, valuing the firm at almost $20 billion. It is offering 30.8 million shares at $62 to $68 each, it said in a regulatory filing Monday. At the top of that range and including a...
RCom, Reliance Jio terminate agreement for sale of telecom assets
The deal between the two Ambani brothers, Anil and Mukesh, has fallen through as Reliance Communications (RCom) and Reliance Jio agreed to terminate the asset-sale agreement on Monday. RCom has cited delays in approval...
Germany’s Deutsche Bank and Commerzbank enter into formal merger talks
Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labour union concerns about possible job losses and questions from analysts about the merits of a combination...
Reliance Industries to raise $170 million for capex from investors overseas
India’s oil-to-telecoms giant, Reliance Industries, is set to sell a Schuldschein (pronounced schult-shine) debt instrument worth $170 million in the German-centred debt market, making it the first Indian company to tap...
Bandhan Bank gets RBI approval for acquisition of Gruh Finance
Bandhan Bank Friday said it has received no objection from the Reserve Bank of India (RBI) for the proposed acquisition of Gruh Finance. “The Reserve Bank has by its letter dated March 14, 2019, conveyed its no...
Allahabad Bank looks to raise Rs 500 crore via non-core asset sale
Allahabad Bank expects to raise about Rs 500 crore from the sale of its non-core assets. These assets include the bank’s 28.52 per cent stake in Universal Sompo General Insurance, and about 12 properties across India...
RInfra to sell entire stake in Delhi-Agra Toll Roadway for Rs 3,600 crore
Reliance Infrastructure Ltd Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be...
Brookfield to buy $4.8-bn stake in Oaktree to compete with Blackstone
Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Management in a roughly $4.8 billion deal, creating an alternative-asset manager that will challenge the likes of industry...
OYO acquires co-working space firm Innov8, to open 35 new offices
Diversifying from the hotel and long-term lodging business to co-working spaces, Ritesh Agarwal led OYO Hotels and Homes has acquired Innov8, according to sources close to the firm. Sources said OYO, which has more than...
APG, Piramal look to raise second fund to invest in infra projects in India
Dutch pension fund manager APG Asset Management and the Ajay Piramal-led Piramal Enterprises are looking to raise a second fund to invest in infrastructure projects in India, said sources. The aim is to raise $500...
Bajaj Consumer hits 52-week low after promoter stake sale
Shares of Bajaj Consumer Care (formerly Bajaj Corp) hit a 52-week low of Rs 308, down 3 per cent on the BSE in intra-day trade on Wednesday, after the promoter Bajaj Resources sold nearly 7 per cent of its holding via...
PFC, REC merger may leave discoms with higher-than-usual dues on books
The merger of two leading government-owned financers of the power sector will have a negative effect on the borrowings of the beleaguered state-owned power distribution companies, claim power generators. Gencos said...
