AnirudhLaskar
Stories by AnirudhLaskar
India: Carlyle acquires 20% stake in Piramal Pharma businesses
The transaction values the pharma business at an enterprise value of $2.78 billion.
India: Carlyle emerges as frontrunner to pick 20% in Piramal’s pharma biz
The stake sale may value the Piramal Group’s overall pharma business at approximately $2.5 billion.
Max promoters to sell stake in financial, healthcare units to reduce debt
They are also trying to sell some more overseas real estate and hospitality assets.
Debt-laden Future Group looks to exit its insurance businesses
The group plans to utilise the sales proceeds to repay its debts.
India: Yes Bank buys 24.19% stake in Dish TV via pledged shares
This is the fifth instance in the past one year that Yes Bank has acquired a majority stake in non-banking businesses.
India: Abu Dhabi’s Mubadala said to be in talks to invest $1b in Reliance’s Jio Platforms
Mubadala is keen to buy a little over 1% in Jio platforms.
Microsoft said to be in talks to invest $2b in RIL’s Jio Platforms
Jio Platforms has already attracted investments worth $10 billion in just a month from marquee investors.
India: KKR leads race to acquire majority stake in JB Chemicals for up to $400m
A premium of 10-20 per cent to the market value of JB Chemicals can be expected because it is a bulk acquisition involving a change in control.
Shriram Transport plans to raise up to $527m through share sale
It is to be seen whether the fund-raising eventually goes through, given the stagnating economic environment.
India: IDFC First Bank to raise $266.6m via fresh equity
The bank will issue 862.4 million fresh shares on a preferential basis at ₹23.19 apiece to existing and new investors.
