Chandini Monnappa
Stories by Chandini Monnappa
Burger King’s India unit looks to raise $56.6m in IPO
PE firm Everstone Capital, which operates Burger King India, is considering a private placement of shares worth Rs 1.5 billion ahead of the IPO.
Indian firms supplying US-made tech to Huawei are said to face penalty
The government has, however, not yet taken a call on whether to ban Huawei.
Hinduja Group said to weigh bid for India’s Jet Airways
Hinduja Group is in talks with Jet founder Naresh Goyal, investor Etihad, and bankers led by SBI Capital Markets.
Cube Highways acquires Delhi-Agra Toll Road from Reliance Infra for $519m
The decision is in line with Reliance Infrs's strategy to monetise non-core business and aim to be debt-free by the end of the financial year.
PE firm Carlyle buys 9% in India’s SBI Life Insurance
SBI Life is a joint venture between State Bank of India, the country’s largest lender by assets, and BNP Paribas Cardif, a BNP unit.
India’s Jet Airways seeks shareholder approval for debt to equity swap
Jet Airways, saddled with debts of about $1.14 billion, has been hit by fierce competition, rupee depreciation and high oil prices.
Hong Kong’s CKI gets green light to bid for Australia’s APA Group
The deal would make CKI, founded by Hong Kong tycoon Li Ka-shing, the major gas pipeline player in Australia.
Sale of logistics biz by Australia’s Automotive Holdings to HNA unit sees delay
The delay occurred because HNA Group had not yet secured Australian foreign investment regulatory approval.
Australian oOh! Media buying bus stop ad business Adshel for $424m
It outbid rival suitor APN Outdoor which has itself received a takeover offer from French advertiser JCDecaux.
Australia’s Mineral Resources okays Atlas talks with other potential buyers
In April, Mineral Resources agreed to buy Atlas via a scheme of arrangement that valued it at $213 million.
