BhumaShrivastava
Stories by BhumaShrivastava
Tycoon Mistry battles to unlock $17b of his wealth in India
Mistry, who derives an estimated $16.7 billion of his fortune from his 18.4% equity in Tata Sons, can no longer sell those holdings without the approv
Mukesh Ambani overtakes Jack Ma as Asia’s richest person
Ambani has added $4 billion to his fortune this year as Reliance doubled its petrochemicals capacity and investors cheered the success of his disrupti
Reliance Industries looks to raise additional $3b as $13b debt matures
Its latest plan extends a strategy of raising cheaper debt, riding on its better-than-sovereign ratings, while also actively investing about $12 billi
Bharti Airtel plans Africa unit IPO in bid to pare $4.6b debt
India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either Londo
Bharti tower unit to merge with Indus creating $14.6b telecom behemoth
The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.
Bain-backed consortium said to be highest bidder for India’s Binani Cement
The Bain Capital-backed Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million) for Binani Cement.
TPG-backed consortium said to bid $1b for Tata Group’s fiber arm
The consortium is led by Mukund Rajan, the head of international operations for Tata Group’s holding company.
Hindalco among potential buyers to bid for $2.5b aluminum producer Aleris
Mumbai-listed Hindalco made a non-binding offer through its U.S. unit, Novelis.
India: L&T may sell some assets by March to fund acquisition spree
Schneider Electric is said to be in exclusive talks to buy the electrical unit, valuing it at around $2 billion.
India: Tata hiring bankers to sell or merge dozens of units
As many as one-third of the group’s 100-plus units could go.
