George Smith Alexander
Stories by George Smith Alexander
Industrialists face off with producers as $26b of India’s steel assets go up for grabs
Surging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers.
India’s ICICI Bank said to pick banks for IPO of $3b brokerage arm
ICICI Securities could raise at least 30 billion rupees ($465 million) via an IPO.
Apax, Carlyle may bid for stake in Indian insurer Royal Sundaram
Royal Sundaram has started a process to sell a 49% stake, in a deal that could fetch about $500 million
Apax, Carlyle said to be considering bids for Indian insurer stake
Insurer Royal Sundaram is looking to sell a 49% stake for about $500 million.
India: ATC to buy tower assets from Vodafone, Idea for $1.2b
The sale would help Vodafone and Idea pay off debt as they prepare to merge their Indian operations.
GIC-backed Bandhan Bank is said to select banks for $780m IPO
Investors will be offered about a 10 percent stake in Bandhan Bank through the IPO.
India: HDFC Bank corporate banking head said to join Citigroup
Balasubramanian, 46, will replace Rahul Shukla as the head of corporate banking for South Asia at Citigroup.
India: Aditya Birla Group said to evaluate bids for Constellium, Aleris
The conglomerate is looking to grow its aluminium operations overseas.
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.
Carlyle seeks to boost India deals as buyout opportunities rise
Carlyle is scouting for investments in financial services, healthcare and industrial firms.
