Online automotive portal CarDekho Thursday said it has raised $70 million in a Series D round led by Chinese investor Ping An Global Voyager Fund. Ping An is a majority shareholder in Autohome, China’s leading online...
JSW Group enters the Jaypee Infra insolvency scene
The much-talked about Jaypee Infratech (JIL) insolvency has another player in the game with JSW Infrastructure partnering with Suraksha Realty to support the latter in building and completing the stalled projects of the...
Sembcorp buys out Gayatri Projects’ 5.95% stake in its subsidiary for ₹406 cr
Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), has signed a non-binding term sheet with Gayatri Energy Ventures Pte Ltd (GEVPL), a wholly owned subsidiary of Gayatri Projects Limited...
Allahabad Bank to clean up books before merger
Allahabad Bank Ltd will divest bad loans worth ₹922 crore as the state-run lender strives to clean up its balance sheet ahead of a merger with Indian Bank Ltd. In a public notice on Wednesday, Allahabad Bank said it has...
Advent International, Temasek sell Crompton Greaves stake worth ₹1,275 crore
Private equity firm Advent International and Singapore’s state investment arm Temasek on Tuesday sold shares worth ₹1,275 crore in consumer durables maker Crompton Greaves Consumer Electrical. According to data from...
Govt raises ₹2.79 lakh cr through divestment in last five years
The government raised ₹2,79,622 crore from the disinvestment of public sector undertakings (PSUs) during 2014-19 compared to ₹1,07,833 crore during the 10-year UPA rule from 2004-14, Union minister Anurag Singh Thakur...
Max India sells its stake in Max Bupa but policyholders needn’t worry
Max India Limited has informed stock exchanges that the regulator – Insurance Regulatory and Development Authority of India (IRDAI) – has given the green light to the company to sell its entire stake in Max Bupa...
Manappuram Finance looks to raise $250 mn via bonds
Gold loan financier Manappuram Finance Ltd plans to raise up to $250 million through offshore bonds as it joins other non-banking financial companies (NBFCs) in tapping overseas markets to raise debt at a time when...
Yes Bank files insolvency petition against Jaypee Healthcare
Private sector lender Yes Bank on Monday filed an insolvency petition against Jaypee Healthcare before the Allahabad bench of National Company Law Tribunal (NCLT). Yes Bank has made claims worth ₹189.4 crore against...
IFC to lead $200 million debt financing in Mahindra Finance
World Bank Group’s International Finance Corp. (IFC) on Monday said it was leading a $200-million debt financing in Mahindra and Mahindra Financial Services Ltd as part of its plan to create a dedicated pool of...
Jaypee Infra case: Suraksha may offer more cash & land to lenders, higher penalty to buyers
Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers...
Piramal raises ₹1,100 crore from Barclays
Billionaire Ajay Piramal’s shadow banking unit has borrowed ₹1,100 crore ($153 million) from Barclays Plc to refinance part of its existing debt and extend new loans, according to people familiar with the development...
