Adani Ports and Special Economic Zone Ltd (APSEZ) is leading the race to develop Sri Lanka’s stalled East Container Terminal at Colombo port, in what would be the second overseas venture for India’s largest private port...
Banks lay groundwork for Future debt recast
Lenders to Future group have signed inter-creditor agreements (ICA), paving the way for a potential restructuring of the group’s stressed loans, two people aware of the development said. The move by the lenders...
Adani Total Gas to raise $400 mn via dollar bonds
Adani Total Gas Ltd, the joint venture between Adani Gas Ltd and French energy major Total Gas Ltd will raise $400 million selling bonds to foreign investors to meet its capital expenditure requirement, an official said...
Bain in fray for Piramal Glass with $900 mn bid
Bain Capital has made a $900 million preliminary bid for a controlling stake in Piramal Glass Pvt. Ltd, two people directly aware of the development said. The offer tops one made by rival Blackstone Group as the private...
Indian Oil says no plan for share buyback as of now
State-owned Indian Oil Corporation (IOC), India’s top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on Monday...
Manipal buys Columbia for ₹1,800 crore
Manipal Health Enterprise Pvt. Ltd on Monday said it has agreed to buy Columbia Asia Hospital Group’s Indian assets for around ₹1,800 crore, a move that will help the Ranjan Pai-led hospital chain expand in key markets...
Three Axis entities to jointly buy upto 19% stake in Max Life
Private lender Axis Bank Ltd on Friday said that it will acquire up to 19% in Max Life Insurance Co. Ltd. through various Axis entities since the Reserve Bank of India has turned down the bank’s earlier proposal...
It looks ‘challenging’ to complete BPCL’s privatisation by March 2021: Official
A Bharat Petroleum Corp Ltd (BPCL) official said it’s looking ‘challenging’ to complete the company’s proposed privatisation by March 2021. While speaking at an analyst conference, BPCL’s...
Future-Reliance deal: BSE to consult SEBI after Amazon’s objection, says report
The Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail and Reliance Industries about their $3.4 billion transactions, following Amazon’s objection to the deal...
Chinese fintech firm Lufax raises $2.4 billion ahead of US listing
Financial technology firm Lufax has raised $2.4 billion ahead of its Wall Street debut Friday, a report said, marking one of the best US initial public offerings by a Chinese company this year, despite flaring tensions...
Pidilite to acquire Huntsman Group’s Indian subsidiary for ₹2,100 crore
Pidilite Industries — the manufacturers of the popular Fevicol brand of adhesives — has signed a definitive agreement to acquire the US-based Huntsman Group’s Indian subsidiary for ₹2,100 crore on...
Zomato continues secondary share sale, makes leadership changes before IPO
Foodtech unicorn Zomato, which is gearing to go public in 2021, has made changes to its leadership team, elevating Akshant Goyal as chief financial officer (CFO), as it continues to give its employees exits through...
