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Grapevine: Tata group to sell stakes in units; Blackstone, Apollo to bid for Luminous

General

23 March, 2021

Grapevine: Tata group to sell stakes in units; Blackstone, Apollo to bid for Luminous

Tata group is mulling selling stakes of some financial services units including Tata Capital and Tata Asset Management to strategic...

AION Capital-backed Clix makes non-binding offer for Lakshmi Vilas Bank

Finance

08 October, 2020

AION Capital-backed Clix makes non-binding offer for Lakshmi Vilas Bank

India's Lakshmi Vilas Bank (LVB) has received a non-binding offer from Clix Group, the private sector lender said on Thursday,...

Grapevine: Petronas eyes stake in Tata Power units; Piramal glass biz draws more suitors

General

22 September, 2020

Grapevine: Petronas eyes stake in Tata Power units; Piramal glass biz draws more suitors

Malaysia’s state-run energy giant Petroliam Nasional Bhd (Petronas) is eyeing a 10% stake in the wholly-owned clean energy...

Grapevine: Piramal eyes debt from Apollo; GVK in talks with Adani, others for MIAL

General

24 August, 2020

Grapevine: Piramal eyes debt from Apollo; GVK in talks with Adani, others for MIAL

Piramal Capital & Housing Finance (PCHF) is looking to raise a loan of up to $500 million (Rs 3,743 crore) ......

Apollo Global teams up with Mubadala for new direct lending platform

Finance

06 July, 2020

Apollo Global teams up with Mubadala for new direct lending platform

Apollo Global Management has formed a global credit platform which will aim to provide $12 billion in financing over the ......

Grapevine: Byju's may buy Doubtnut; IIFL Finance may sell wholesale lending portfolio

General

29 June, 2020

Grapevine: Byju's may buy Doubtnut; IIFL Finance may sell wholesale lending portfolio

Byju’s is in advanced talks to acquire learning app Doubtnut as the Indian ed-tech giant looks to expand its reach ......

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PE firm True North looks to diversify with new asset class

Finance

22 June, 2020

PE firm True North looks to diversify with new asset class

Mid-market private equity firm True North is keen to start a new investment vertical in what would be its first ......

Grapevine: Nirma mulls partner for Emami Cement bid; Kinetic Green may raise funding

General

04 February, 2020

Grapevine: Nirma mulls partner for Emami Cement bid; Kinetic Green may raise funding

Nirma Ltd, through its cement unit Nuvoco Vistas Corp., is considering to partner with either Apollo Global Management or Bain...

KKR's fourth-quarter profit drops by nearly a fifth

Finance

03 February, 2020

KKR's fourth-quarter profit drops by nearly a fifth

U.S. private equity firm KKR & Co Inc said on Friday fourth-quarter after-tax distributable earnings fell 18%, owing to a...

Blackstone quarterly profit rises on asset sales, fee revenue

Finance

31 January, 2020

Blackstone quarterly profit rises on asset sales, fee revenue

Blackstone Group Inc, the world's largest alternative asset manager, said on Thursday fourth-quarter distributable earnings...

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