Claris Lifesciences revives talks to sell injectables business
Sources suggest that it has evinced interest amongst pharma companies like Cadila Healthcare, Dr Reddy’s Labs, Torrent Pharma amongst others.
Nisha Poddar
KKR to exit Dalmia Bharat subsidiary Avnija in equity-cum-cash deal
KKR may hold about 5% stake in Dalmia Bharat as part of the equity-cum-cash deal. The deal is expected to value Dalmia’s subsidiary at around Rs 8,500 crore.
Etihad to up stake in Jet Airways via fund infusion
Negotiations on valuations are currently on between the parties and the deal is expected to be closed by March 31, 2016, a source said.
Maruti to win minority votes on Suzuki’s Gujarat plant
India's largest car maker Maruti is all set to win the minority votes in favour of its plans to let parent, Suzuki, build the Gujarat plant.
Lenders to invoke SDR in Alok Industries
Sources with direct knowledge suggest that debt-laden Alok Industries will be brought under Strategic Debt Restructuring by the lenders.
Canada’s CPPIB to commit $500 million for Kotak Mahindra Bank’s stressed asset fund
CPPIB is expected to commit $500 million to the fund which will provide short-term financial support to debt-laden companies, sources confirmed.
Vijay Mallya to exit United Spirits, step down from board
Vijay Mallya has vowed to settle his dues with regard to Kingfisher Airlines by this fiscal end and the deal will give him cash to settle a large part of Rs 6200 cr debt.
Gammon India in talks with Hinduja Group to sell EPC division
Gammon India entered the CDR package by lenders in September 2013 and has made several efforts to sell assets to pare down its massive debt pile of Rs 13,000 crore.
Oberoi Realty to buy Crompton Greaves’ Worli building for over Rs 200 crore
Property deals are back, in a major realty transaction in upmarket Mumbai, Crompton Greaves has sold its iconic corporate office in Worli.
Crompton Greaves in talks with First Reserve for sale of overseas power business
Crompton Greaves Global's debt stands at Rs 1800 crore as of FY15, out of the Rs 2600 crore total debt on CG’s books.
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