Delhi High court will hear Daiichi Sankyo's plea against the Singh brothers on Januaury 23 after it moved the court to block the stake sale in Fortis Health. It claims that the sale would dilute assets and hamper recovery of damages for the 2008 sale of Ranbaxy.
Global private firm TPG is likely to buy stake in Fortis Healthcare. The stock was up 16 percent in the morning trade, say sources. The quantum of stake to be acquired may be around 20 percent in Gurgaon-based healthcare company for Rs 2,000 to Rs 2,300 crore.
The aftermath of demonetisation has engulfed the realty sector and ICICI Bank too is bearing the brunt. The bank's plan to sell its home financing unit has again taken a back seat this year. Private equity fund TPG has decided to not pursue this acquisition over valuation differences.
The appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power said in a statement today.
Shares of Max India climbed 3 percent intraday Wednesday on a media report that the company may sell its some stake in Max Life Insurance.
The company has annual revenues of 94 billion Indian rupees and hopes to touch 150 billion rupees next year. It also plans to expand into Malaysia and Singapore next year in anticipation of a potential listing in 2-3 years, Kalyanaraman said.
Promoter VP Nandakumar along with Sushama Nandakumar hold 31.55 percent stake in the company while fund houses like Baring India Pvt Equity Fund III Listed Investments, Morgan Stanley Asia, Wellington Trust Company National Association etc have 39.53 percent stake in the company as of June 2013.
Dell Inc founder Michael Dell's efforts to take the PC company private began last summer with an idea pitched by its top institutional shareholder, Southeastern Asset Management.
Sources have indicated that TPG is likely to sell its stake in Shriram Transport Finance via a block deal today. Nimesh Shah of CNBC-TV18 gives the details of the deal.
Piramal Group is in advanced talks to buy TPG‘s 20.27 percent stake in Shriram Transport Finance Corporation, reports The Economic Times. At 09:30 hrs Shriram Transport Finance Corporation was quoting at Rs 767.20, up Rs 17, or 2.27%.
The debt-laden Kingfisher Airlines rebounded in afternoon trade, rising as much as 3.91 percent to hit an intraday high of Rs 13.81 as sources say United Breweries Group has reached out to Private Equity players to sell stake in the company.
CNBC-TV18's Farah Bookwala reports that kidswear-maker Lilliput's BDR process picks up pace with the consortium of 10 lending banks set to give its final nod in October
Private equity companies Bain Capital and TPG are continuing in their struggle to uncover alleged financial irregularities at investee company Lilliput. The two PE players have filed another petition in the Delhi High Court asking that the interim audit of Lilliput be unsealed. Menaka Doshi has more on this.
TPG, Blackstone and Cerberus are eyeing stake in Kingfisher Airlines, reports Business Standard.
Managing director of Shriram Transport, R Shridhar tells CNBC-TV18 that TPG is looking to sell its stake, but that there is no deal on the table yet.
In a fresh round of communication, Lilliput Kidswear’s promoter has written to banks seeking appointment of two new auditors for re-audit. The promoter has once again refuted the allegations made by PE investors Bain and TPG, assuring the banks of returning dues in time, reports CNBC-TV18's Siddharth Zarabi.
ATM outsourcing and systems integration company, AGS Transact Technologies, on Thursday said private equity major TPG has invested Rs 145-crore in it.
CNBC-TV18 earlier reported that a clutch of six private equity (PE) firms were set to acquire 45% in Hero Investments, which would in turn buyout Honda's stake in Hero Honda along with Bahadur Chand Investments. CNBC-TV18 now learns that the PE players have a lock-in of minimum eight years in Hero Investments.
Following the break-up of the 26-year old relationship with the Japanese company Honda, Hero has decided to put its stake sale plans to private equity players on hold till May, reports CNBC-TV18 quoting sources.