Private equity buyout firms Blackstone and Apollo Global Management have emerged as strong contenders to acquire IT services company Mphasis.
Foreign lenders of Jindal Steel and Power exploring possibility of recalling loans worth $550 million
Among other things, this is understood to have been triggered by JSPL’s inability to service $25 million unsecured loan from a large Japanese bank.
The move is aimed at deleveraging the consolidated balance sheet and a substantial portion of it may be used to retire debts of its parent’s steel arm.
Backed by his belief in the long-term India growth story, Piramal looks poised to place a mega bet on cement.
ET analysis: Jaypee deal to help UltraTech improve market share in key north, central and south zones
Mapping the pan India footprints of Jaypee and UltraTech will help the Aditya Birla flagship improve its market share in key north, central and south zones.
UltraTech Cement has an installed capacity of 67.7 million tonnes per annum (MTPA) of grey cement.
GVK is among the most indebted infrastructure conglomerates in India. Net group debt at the end of FY15 stood at Rs 26,500 crore.
The acquisition, if completed successfully, will also help Vivek Chand Sehgal, co-founder and chairman of the Motherson Group, diversify further into newer product categories in the auto interiors space and more importantly break into key markets like US.
Around $850 million equity from investors to help create $4 billion balance sheet; JV set to buy Avantha Power's Jhabua plant.
Harsh lets his board and management work fully independently, but during strategic calls, he effortlessly leads from the front.
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