George Smith Alexander
Stories by George Smith Alexander
Deutsche Bank said to have called off $4.6b India portfolio sale
The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month.
Binani Cement lenders to consider Birla’s last-minute $1.1b bid
The move would overturn a decision the lenders made last month to support an offer from a rival consortium that includes Dalmia Bharat, and a Bain Cap
ArcelorMittal to challenge legitimacy of VTB-led bid for Essar Steel in court
The case will be heard in the company court in Ahmedabad.
TPG-led group close to buying India’s second-largest listed hospital chain Fortis
The investor group, which also includes Manipal Health, could announce a deal as soon as the next few days. Under the plan being discussed, the operat
Russia’s VTB-led consortium open to buying out Ruia in Essar Steel race
The consortium led by VTB is up against ArcelorMittal, the world’s biggest steelmaker, that last month submitted a higher offer than the former.
India: UltraTech increases Binani Cement bid to $1.06b
UltraTech, controlled by Kumar Mangalam Birla, is competing with a consortium led by Dalmia Bharat Ltd., which has been chosen as the highest bidder.
Bain-backed Dalmia bid said to win lenders’ backing for Binani
The process could be delayed as UltraTech, India’s biggest cement maker, has approached the NCLT with complaints on how the Binani sale process was
Tata to sell $1.25b stake in software development unit to pay debt
Tata Sons will sell about 1.48% stake in TCS and use the proceeds to pay creditors of its wireless division.
How Blackstone turned India into its top-performing market globally
Blackstone recorded an annualized internal rate of return of about 30% on its India PE investments since 2011, the highest among its markets worldwide
India’s HDFC Bank appoints arrangers for $2.38b share sale
HDFC Bank plans to raise the bulk of the funds from international investors through a sale of ADRs, with the rest to come from selling stock in India.
