BUSINESS
Alkem promoter stake sale aimed at JB Chemicals bid
At current market prices, KKR’s 53.77 percent stake in JB Pharma is worth about Rs 15,500 crore
BUSINESS
We have added ECM advisory; will expand debt advisory services: Rothschild & Co India Head Chandresh Ruparel
Ruparel anticipates growth in healthcare, consumer, and financial services sectors, alongside advancements in green hydrogen and renewable energy storage
BUSINESS
Shapoorji seeks Rs 2,000 crore from Davidson Kempner, Deutsche Bank to make interest payments
The talks for raising additional debt come as the group seeks more time for interest payment of Rs 1,800 crore on the debt facility raised by group entity Goswami Infratech
BUSINESS
Blackstone-TPG owned Care Hospitals in advanced talks for merger with Aster DM Healthcare
The merged entity will rank among the top three hospital chains in India, in terms of number of beds, along with Apollo Hospitals and Manipal Hospitals
BUSINESS
Alteria Capital becomes Asia’s fastest venture debt firm to cross $750 million of startup debt funding
With over ₹6,000 crore deployed across 200 startups, the firm has been a key player in India’s startup ecosystem
BUSINESS
Confident that the telecom market will eventually stabilise: Brookfield
Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by Canada’s Brookfield Asset Management, has completed the acquisition of American Tower Corp’s India unit for $2.2 billion (Rs 18,200 crore) by beating Indus Towers to become the biggest telecom towers company in the country.
BUSINESS
GSK Velu’s Neuberg Diagnostics in talks with 360One, M&G Investments for $100 mn pre-IPO fundraise
Neuberg had hired investment bank o3 Capital to help raise funds from private equity investors, Moneycontrol reported on 17 April.
BUSINESS
Alkem promoters may sell stake; tap PE firms KKR, Blackstone, EQT
Alkem's promoters, with a 56.38% stake worth about Rs 42,280 crore, have hired Nomura as the banker for the stake sale.
BUSINESS
Vedanta Resources in talks with lenders to raise $1 billion through foreign currency bonds: Sources
On July 25, global rating agency S&P upgraded Vedanta Resources credit rating to B- from CCC+ on the back of improving capital structure and liquidity.
BUSINESS
Adani Power assures Bangladesh of continued supply, seeks speedy clearance of dues
The company urges the Bangladesh government to speed up payments, cites growing pressure from lenders to repay debt taken for building the $2-billion Godda thermal plant in Jharkhand
BUSINESS
Adani Group aims to raise Rs 40,000 crore from retail, HNI investors in 3 years via NCDs
The move aims to diversify its lender base, cut dependency on bank loans, and boost links with retail investors
BUSINESS
JSW Steel taps Japan's MUFG for funding Australian coking coal mining company acquisition
The development assumes significance as most major global banks have limited their exposure to fossil fuel assets amidst growing global pressure over climate change, making it difficult for companies to access funds for financing the acquisition of such assets.
BUSINESS
Decoding Hindenberg’s allegations and the REITS connection
A REIT is a hybrid fixed-income instrument offering a transparent, regulated, and diversified platform to earn regular income and potential capital appreciation over a 3-4 year period
BUSINESS
HUL is the best pick for anyone looking to invest in the long-term growth story of India and FMCG industry: Rohit Jawa
Despite short-term challenges, Jawa expressed confidence in HUL's long-term potential, driven by India's expanding consumer market and innovation across core and emerging categories.
BUSINESS
Quick commerce is now one-sixth of HUL’s e-commerce sales, says CEO Rohit Jawa
The HUL CEO pointed out that Q-commerce growth is being led by convenience driven categories such as food and personal care.
BUSINESS
The trend of premiumization has been consistent and resilient and will continue: HUL CEO
Premium growth is outpacing total growth by nearly two times at HUL.
BUSINESS
Our priority is to grow our core brands or introduce Unilever brands to the market: HUL CEO
Over time, we have traditionally acquired brands that met our criteria of complementarity, where we believed we had the right to win, and were available at a good value, said Jawa
BUSINESS
Investors are increasingly turning to consumer stocks, and HUL stands out: CEO Rohit Jawa
We represent a top-tier global company in the consumer sector, poised to thrive as the Indian market expands two or threefold in the foreseeable future, said Jawa.
BUSINESS
GQG, IHC, ADIA among likely investors in Adani Energy Solutions QIP
Among domestic investors, the QIP is likely to see participation from Bandhan Mutual Fund, and 360 One; some FIIs from US have also sown interest in the deal.
BUSINESS
Chennai Super Kings ownership to be unaffected by India Cements sale
Chennai Super Kings (CSK), one of the eight inaugural IPL teams, was established as a division of India Cements in 2008. It became an independent company after the cement maker hived off CSK by selling its entire shareholding to a trust.
BUSINESS
Surge in investor optimism fuelling Indian corporates' fundraising activity: Nandini Chopra, Alvarez & Marsal
Private companies are expected to increase their investments towards the end of this fiscal year, said Chopra, adding that the manufacturing, industrial, and power sectors are likely to lead this growth.
BUSINESS
Adani eyes Jaypee cement assets through IBC
The insolvency proceedings against Jaiprakash Associates are expected to heat up competition in the fast-consolidating cement industry, which is seeing big players such as UltraTech, Adani, Dalmia and JSW Cement vie for assets across the country
BUSINESS
MC Exclusive: Hybrid Cars could see a budget boost with potential cess cut
The proposal, if implemented, will provide a strong boost to sales of hybrid cars in the country, as it will reduce the tax differential between hybrids and electric cars.
BUSINESS
Raymond committed to creating sustained shareholder value across businesses: Gautam Singhania
There is already a succession plan in place for the Raymond group which is yet to be disclosed publicly. While specifics are confidential, rest assured, a well-considered and robust process is in place, maintains Raymond Chairman and MD.
