George Smith Alexander
VTB-led group sets up a contest with billionaire Lakshmi Mittal.
A committee of Binani Cement creditors approved the resolution plan from a consortium led by Dalmia Bharat.
Creditors of Binani Cement will support the bid by an investor group led by Dalmia Bharat.
Biggest India Cement Maker Says Boosted Binani Bid to $1 Billion
Tata Sons will also use the funds to raise its stake in some of its unit in a bid to reduce cross-holdings.
Tata Sons priced its sale of Tata Consultancy shares at about Rs 2,872 apiece, the bottom of a marketed range.
Blackstone’s concentration on consumer and IT is likely to lead most wealth creation in India.
HDFC Bank has appointed Bank of America, Morgan Stanley and Credit Suisse Group for a Rs 15,500 crore share sale.
A committee of Essar Steel creditors has postponed a meeting to discuss the offers, according to the people.
Kenneth Andrade says the next big opportunity is companies tied to the rural economy.
It was supposed to be the crowning achievement of Malaysian tycoon T. Ananda Krishnan’s five-decade career.
Indian insolvency could wipe out 12 years of investments from Malaysian tycoon T. Ananda Krishnan’s company.
Bain-backed group is poised to win a bid for Binani Cement, which is being sold under the insolvency process.
Investor group led by Dalmia Bharat with backing from Bain Capital bid the most for India’s Binani Cement.
Advisers evaluating the offers for Essar Steel suggest that both bids for the insolvent company be disqualified.
The Singh brother have reportedly taken $78 million out of Fortis.
Billionaires Rakesh Jhunjhunwala and Radhakishan Damani together also made an offer for Binani Cement.
An investor group led by Dalmia Bharat, with backing from Bain Capital, submitted the highest bid for Binani Cement.
ArcelorMittal is competing with a consortium led by Russia’s VTB Group as bids come in for Essar Steel.
The suitors offered at least $1 billion for the fiber assets and related businesses.
India’s first real estate investment trust would open a market that’s attracted billions overseas.