Amrit Raj
Stories by Amrit Raj
Etihad requests Jet Airways lenders to take an 80% haircut on debt
Jet Airways owes 11 banks, including nine Indian banks, about ₹11,261 crore ($1.62 billion).
Indian lender asks Jet Airways chairman Naresh Goyal to step down
State Bank of India (SBI), the largest lender to cash-strapped Jet Airways, said it was in the interest of lenders to revive the distressed carrier.
India: Zee Entertainment may sell 20% stake to Sony for $1.86b
The sticking point could be the quantum of stake the promoter wants to retain in Zee. Essel Group holds a 41.62% stake in Zee, of which more than half
Etihad to rescue India’s Jet Airways with the help of ‘white knight’
A new agreement envisages a “new investor" injecting between ₹1,600 crore and ₹1,900 crore for a stake of around 20% in the airline and the Goya
Tanzania opposes public listing of Bharti Airtel’s Africa unit
The Tanzanian government, which owns 40% in the Dar es Salaam-based unit, has informed potential investors that it does not recognize the IPO plans of
India: IL&FS efforts to sell assets clouded by past failed attempts
IL&FS is planning to sell a majority stake in its financial services unit, as well as assets totalling Rs4,500 crore.
India: IL&FS plans to sell majority stake in financial services unit to pare debt
Disputes over contracts, delayed approvals for projects and rising interest rates have led to a cash crunch at the lender.
RBI tells Paytm Payments Bank to stop adding new customers
RBI has made certain observations about the process Paytm Payments Bank follows in acquiring new customers and its adherence to KYC norms.
UPL prepared to acquire Arysta LifeScience for over $4b
The acquisition will also boost UPL’s agrochemical and crop protection business.
IHH Healthcare likely to make $685-787m binding offer to buy Fortis
IHH Healthcare outbid TPG-backed Manipal Health Enterprises Ltd by placing a higher per share offer for the promoters.
