BUSINESS
Singtel, KKR agreed to put in checks to address CCI concerns on $ 1.3-billion data centre deal
Singtel and KKR, which together picked up a 26% stake in STT GDC for $1.3 billion in 2024, agreed to safeguards after CCI raised several red flags
BUSINESS
Falling rupee, rising hedging costs may sour India Inc’s offshore borrowing plans
Since Donald Trump's election as the next US president, the rupee currency has fallen 2.86 percent against the dollar in less than three months
BUSINESS
KKR, Canadian pension fund OTPP to infuse Rs 5,500 cr in Highways Infrastructure Trust
The capital will be used to fund the acquisition of two major road portfolios worth more than Rs 15,000 crore (around $1.76 billion)
BUSINESS
Sebi asks IPO-bound companies to disclose whistleblower complaints
The development comes as the market regulator made a rare intervention to stop IPOs of at least two companies in the recent past after whistleblower complaints alleged lapses in disclosures made in their offer documents
BUSINESS
Shapoorji gets bondholder nod to ease covenants, move to help loan refinancing against Tata Sons shares
The group has also received in-principle approval from stock exchanges for the changes to be made to the NCDs
BUSINESS
Sterlite Grid raises Rs 2,450 crore from NaBFID, IIFCL to refinance loans of Mumbai transmission project
Sterlite Grid 32 has 10 completed, and under-construction transmission projects in seven states and the union territory of Jammu and Kashmir, covering approximately 4,500km of transmission lines through a capex of Rs 25,000 crore
BUSINESS
Petronas arm Gentari India to raise $400 mn to supply clean power for green ammonia
The funds proposed to be raised will be used by Gentari to set up around 2,400 megawatts (MW) of solar and wind assets in the states of Karnataka and Andhra Pradesh.
BUSINESS
India Inc enters 2025 with cash reserves of Rs 7.6 lakh crore, up 51% since covid
While global and domestic demand concerns persist, analysts believe strategic investments arising from inorganic opportunities will drive growth
BUSINESS
Zomato-backed Magicpin set to join tech-IPO bandwagon; in talks to appoint advisors
Earlier this month, Magicpin announced that it is entering the quick commerce segment for food delivery.
BUSINESS
Goldman Sachs in talks to acquire Multiples PE-owned HR services firm PeopleStrong
PeopleStrong provides tech services to companies across the entire employee lifecycle from hire to exit, including human capital management, payroll, talent acquisition and management, and collaboration
BUSINESS
Shapoorji Pallonji kicks off talks for IPO of real estate business
The proposed IPO of its real estate business follows the recent public debut of Afcons Infra and sale of other assets this year, which the group used to make substantial repayments on loans
BUSINESS
Aether Industries eyes Rs 1,300 cr QIP fundraise for capex
This will be Aether’s second QIP since its IPO in 2022. In June 2023, the company raised Rs 750 crore through a QIP.
BUSINESS
13 investment banks bid for Canara Robeco Mutual Fund IPO mandate
Canara Robeco was managing assets worth Rs 1.06 lakh crore as of November 30, 28 percent more from the end of 2023
BUSINESS
IPO-bound Credila suspects fraud in loan portfolio, makes Rs 80 crore provision
The suspected fraud cases were detected in the September quarter and are being investigated, the company has said
BUSINESS
KKR, OTPP to infuse up to $700 million in Highways Infrastructure Trust to acquire roads worth $1.8 billion
KKR is the sponsor of the Highway Infrastructure Trust, while OTPP is its second biggest shareholder
BUSINESS
MC Interview | SpiceJet turnaround on track, 70% of claims with lessors and vendors resolved: Ajay Singh
Chairman and managing director shares with Moneycontrol in an exclusive interview that the troubled airline’s turnaround plan is making steady progress with support from stakeholders and customers
BUSINESS
MC Exclusive: EPC firm Shivalaya Construction picks three investment banks for Rs 1,500 crore IPO
For FY23, the construction firm reported revenue of Rs 2,188 crore, up from Rs 1,439.5 crore in the previous financial year.
BUSINESS
Brookfield REIT QIP sees 2x demand, LIC, IFC, mutual funds among investors
This is the second time that Brookfield REIT has taken the QIP route to raise funds since its IPO in February 2021. In August 2023, it Rs 2,305 crore by selling shares to institutional investors
BUSINESS
ChrysCapital-backed pharma firm Corona Remedies plans up to Rs 2,000 crore IPO
ChrysCapital, acquired a 27.5 percent stake in the company in 2021 for an investment of Rs 670 crore.
BUSINESS
IGI today is very different from when we bought it 18 months ago: Blackstone MD Roongta
The IGI IPO, which opens on December 13, values the company at Rs 16,545 crore ($1.95 billion), almost 3.5 times its valuation about 18 months ago
BUSINESS
SP Group asks NCD holders to waive off restrictive covenants to aid loan refinancing against Tata Sons shares
The request for the waiver also comes as the SP Group has faced delays in raising funds to refinance the loans availed by Sterling Investment Corp, which holds over 9 percent stake in Tata Sons.
BUSINESS
About 75% of our revenue comes from higher-margin categories: Vishal Mega Mart CEO
We are closely monitoring the growth of quick commerce, particularly how critical the '15-minute delivery' model becomes and whether the necessary infrastructure, such as delivery partners, develops in smaller towns, said Gunender Kapur.
BUSINESS
To avoid listing, Tata Sons may have to provide undertaking not to access public funds
Tata Sons is said to have sought a clarification on providing guarantees to subsidiaries
BUSINESS
Adani Group disclosed US bribery probe for the first time a year after FBI raided Sagar Adani
The first disclosure was made in March 2024 when Adani Green was raising $409 million in debt funding
