Tanya Thomas
Stories by Tanya Thomas
Highway acquisitions in India stall as foreign investors grow risk-averse
IL&FS, which had received binding bids for five road assets in its portfolio, recently said that an Italian buyer had pulled out of a deal.
India: China’s AIIB to dole out $100m loan to L&T Infra Finance
Of the total amount, L&T Finance Holdings Ltd has received the first tranche of $50 million.
Jindal Steel & Power eyes more asset sales, may put mines on the block
JSPL has a host of coal and iron ore mines in Africa, specifically in South Africa, Botswana and Mozambique and coking coal reserves in Australia.
Singapore’s Mapletree buys part of Chakan warehouse for $45m
This is Mapletree's first acquisition in India’s logistics space.
India: IL&FS sells stake in GIFT City to pare debt
The sale will additionally reduce its consolidated debt by over ₹1,230 crore, IL&FS said.
Edelweiss Infra fund buys two road assets from Navayuga for $140m
Navayuga group said the transaction will help the company de-leverage its balance sheet by freeing up cash.
Adani Group goes slow on acquisitions as COVID changes outlook
The group is said to be rethinking some of the deals it was planning to pursue in ports and logistics sectors.
Vedanta’s delisting plans may see minority investors feeling shortchanged
Vedanta’s stock has taken a beating, much like other commodity players, during the COVID-19 pandemic.
India’s Hindalco closes $2.8b acquisition of US-based Aleris Corp
Hindalco unit Novelis will buy Aleris’s 13 plants in North America, Europe and Asia as part of the deal.
India: CPPIB plans to acquire 35% stake in JM Baxi unit for $200m
Part of the proceeds of the stake sale will go towards retiring the Piramal debt.
