Baiju Kalesh
Stories by Baiju Kalesh
Comcast-backed group makes offer for stake in India’s Zee Entertainment
The group plans to snap up a 51% stake, which has a market value of about $2.77 billion.
Reliance, Aramco talks on refinery stake sale said to have come to halt
Aramco is reportedly concerned about Reliance’s proposal to shift some debt of the wider group to its refinery business ahead of the transaction.
Canada’s Brookfield plans offer for majority stake in India’s Suzlon Energy
The investment firm is said to be working with a financial adviser for due diligence on Suzlon.
India’s Axis Bank considers $1.3b share sale to boost loan growth
The deal would help the bank enhance risk buffers and lending capacity.
HDFC Bank said to tap BofA, Morgan Stanley to manage IPO of its NBFC unit
The bank plans to sell the shares in HDB Financial Services Ltd. before March 31.
India’s Yes Bank co-founder’s family plans mortgage unit stake sale
The family office run by the three daughters of the Yes Bank co-founder is working with Nomura Holdings Inc. on the potential deal.
India’s Yes Bank plans to raise $1.2b to boost capital, says CEO
The country’s fourth-largest private-sector bank has 200 billion rupees ($2.9 billion) of exposure to junk-rated firms.
Anil Ambani in talks to sell general insurance unit to pare debt
The plan to sell the insurance unit is part of efforts by the former billionaire to cut his conglomerate’s liabilities after a debt-fueled expansion
India: Arcelor, Resurgent said to evaluate joint bid to acquire Essar Power plant
Arcelor had previously made a non-binding offer of $690 million for the asset.
