AnirudhLaskar
Stories by AnirudhLaskar
Indian banks to raise up to $4.6b via share sale to counter virus shocks
The lenders expect the extra funds would go a long way to bolster their capital base and arrest any erosion in their capital adequacy.
India’s Axis Bank to raise its stake in Max Life Insurance to 30%
The latest deal, once consummated, will value Max Life Insurance at around ₹5,667 crore.
India: Kotak Mahindra Bank seeks to raise $1.07b via promoter stake sale
The bank said its board will hold a meeting on 22 April to approve a plan to raise equity capital.
TPG, KKR in race to buy 20% stake in Indian conglomerate Piramal’s pharma biz
The deal, once completed, may value the Piramal Group’s overall pharma business at $2.5 billion.
India: Coffee Day fetches $240m from Blackstone for IT park, uses it to repay debt
With Friday’s repayment, CDEL’s debt would come down to Rs3,100 crore from Rs4,900 crore earlier.
India: Yes Bank seeks to raise up to $2.14b, forms new board
The bank’s board approves a plan revising the capital raising limit to Rs 15,000 crore from Rs 10,000 crore earlier.
Behind the rise and fall of India’s Yes Bank
Thanks to a series of poor banking decisions and RBI inaction, the private sector lender has dwarfed into a small, cash-hungry lending company.
India: UltraTech leads race to buy Emami Group’s cement business
The purchase of Emami Cement will help UltraTech further consolidate its leadership in the Indian market.
Yes Bank board to favourably consider Citax Holdings’ $500m offer
Yes Bank is in a state of desperation to raise capital to stay compliant with the central bank’s norms.
Zee Entertainment chairman Subhash Chandra steps down post stake sale
Post the share sale to GIC and Blackrock, the shareholding of Subhash Chandra-controlled holding companies stood at about 5%.
