Tanya Thomas
Stories by Tanya Thomas
Hindalco’s US arm buys aluminium producer Aleris for $2.58b
The acquisition will help Hindalco expand sales in the lucrative automotive and aerospace segments, and is the Indian aluminium maker’s second major
India: JSW Steel to turn around, integrate Monnet Ispat with itself
The NCLT approved AION-JSW Steel consortium’s takeover proposal for Monnet Ispat and Energy asset.
Energy tech firm Climate Connect seeks to raise $10m Series B round
Climate Connect has so far raised $1.2 million in its seed and Series A rounds.
India: Warburg-backed CleanMax Solar plans to raise $100m
The firm is expanding in the Middle Eastern and South-East Asian markets (Thailand and Vietnam).
Singapore’s Cube Highways, CPPIB likely bidders for NHAI’s $1b toll road auction
This round of auctions may also see investments made through infrastructure investment trusts (InvITs)
Liberty House’s resolution plan for Adhunik, Zion receives lenders’ support
For Liberty House promoted by British industrialist Sanjeev Gupta, this will be the first acquisition in India. It has bids running for three other ba
JSW Energy, Adani submit EoIs for bankrupt Monnet Power
This is the second time that JSW Energy has expressed interest in Monnet Power.
Billionaire Anil Agarwal’s Vedanta acquires bankrupt Electrosteel for $794m
This acquisition marks Vedanta’s entry into steelmaking in India.
Binani Cement lenders back UltraTech’s offer as legal battle reaches India’s top court
The acquisition of Binani Cement will, however, be subject to the Supreme Court’s ruling, with a Dalmia Bharat Ltd-led consortium challenging the 15
India: UltraTech to acquire Century Textiles’ cement business in all-stock deal
The enterprise value of Century’s cement business is pegged at Rs 8,561 crore and UltraTech will absorb debt of Rs 3,000 crore.
