PRSanjai
Stories by PRSanjai
India: Blackstone plans to invest $209m in JV with Allcargo Logistics
Blackstone is expanding into logistics in India to tap the growing demand for warehouses as companies including Amazon.com and Walmart spend billions
Tata Group’s Taj hotel chain to sell assets to pare debt
Indian Hotels plans to dispose of certain budget inns in the nation’s non-metro areas and lease them back for a fee.
Indian tycoon Anil Ambani plans $3.2b asset sales to reduce debt pile
Anil Ambani is waging a war on debt. Reliance Group repaid Rs 350 billion in the past 14 months through asset disposals. But a large pile remains.
Tata Group mulls IPO of luxury unit Jaguar Land Rover
Tatas bought the luxury car-maker in 2008 for $2.4 billion.
India: Mahindra Group open to pare stake in units, tap IPO, PE funding routes
The group is ready to cut its shareholdings in six listed entities to less than 51 percent, including Mahindra & Mahindra Financial Services Ltd., whi
India: Srei unit Quippo in talks to buy assets of GOL Offshore
GOL Offshore has three offshore drilling units—Kedarnath, Amarnath, and Badrinath—that it leases out to oil and gas firms.
India: Reliance Infrastructure completes 100% sale of cement unit to Birla Corp.
Reliance Infrastructure, on completion of the cement unit sale to Birla Corp., said that the proceeds shall be utilized for debt reduction.
India: Aditya Birla Group bets big on financial services with demerger, listing plans
The group’s decision to convert its financial services business into a stand-alone entity comes at a time when other conglomerates such as the Piram
India: Aditya Birla to merge Nuvo, Grasim; spin off and list financial services unit
The merger will create an entity with yearly revenue of Rs.59,766 crore, net profit of Rs.4,245 crore and earnings before interest, tax, depreciation
India: Grasim, Aditya Birla Nuvo to consider merger, listing of financial business
The boards of Grasim Industries Ltd and Aditya Birla Nuvo Ltd, which are meeting on Thursday, will also consider a multi-phase restructuring plan invo
