ReghuBalakrishnan
Stories by ReghuBalakrishnan
India: Manipal Group submits revised offer for Fortis hospitals
The revised offer pegs Fortis hospitals’ equity valuation at Rs6,061 crore (Rs116 per share)—an upward revision of about 21% from the previous off
IndiGo parent in race to buy Hyderabad office asset WaveRock
A JV of Shapoorji Pallonji and Allianz Group, and Canada Pension Plan Investment Board are the other two top bidders for the property
India: Apax Partners acquires TPG Growth-backed Healthium MedTech for $350m
TPG arm owns 73% in the firm; CX Partners holds 12%. Promoters own the rest.
Brookfield said to be close to acquiring ICICI Tower in Hyderabad
Brookfield, which owns $250 billion of assets worldwide, has been on an expansion spree in India with multiple buyouts in the recent past.
India: Varthana raises $53.7m from ChrysCapital, others
Existing investors of Varthana include Elevar Equity, LGT Venture Philanthropy, Omidyar Network and Kaizen Private Equity.
Blackstone acquires Indian auto parts maker Comstar at a $153m valuation
Blackstone acquired the stake from Comstar’s controlling shareholders—private equity firm Argyle Street Management and the Chandaria family.
India: TPG Capital, Blackstone vie for Kirloskar Oil Engines
The deal is expected to value the Pune-based diesel engine maker at $500 million. The family of Atul Kirloskar and other group companies hold about 60
India: Fortis, Manipal boards to meet this week to approve proposed merger
According to the proposed structure, hospitals under Fortis will be first hived off into a separate listed entity. The new listed entity will then mer
Singapore’s CapitaLand, Xander vie for Blackstone’s IT parks in India
A deal is expected to be in the range of Rs2,000 crore ($307 million). Others who have joined the race include Shapoorji Pallonji-Allianz and Singapor
India: Top Axis Bank executives Sidharth Rath, V. Srinivasan put in papers
The Mumbai-based bank has seen a drastic fall in corporate loans in the recent past.
