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Indiabulls Realty’s western region legal head joins boutique law firm RGM Legal
RGM Legal focuses mainly on structuring, corporate M&A, PE, venture capital and Fintech space and with Shah joining the firm, it will have real estate transaction and dispute resolution practice to cover commercial disputes, insolvency & bankruptcy (IBC) and arbitration amongst other things.
Coffee Day Enterprises seeking lenders nod for tech park sale deal
Terming the report suggesting roadblocks from some bankers as "bruits", Co...
Blackstone’s buyout of Coffee Day’s tech park stalls
Beleaguered Coffee Day Enterprises’s sale of its technology park to Blackstone is stalle...
Analysts cautious on growth from DXC for Mphasis
DXC has been streamlining its business by expanding its offshore presence, making analysts cautious about its dependency on Mphasis, with some pulling back expectations from the channel and others revising their estimates. Business from DXC accounts for up to 28% of revenue. Mphasis has been able to grow revenues from its ‘direct core’ segment.
Canadian fund CPPIB keen to enter private debt segment in India, worried about regulatory uncertainties
“Private debt can be a good opportunity as we see some interesting situations in the country,” said Mark Machin, president and chief executive officer CPPIB. Many private equity global funds including KKR, Apollo Global Management, Blackstone and Baring have specialized debt platforms.
Global pension funds are eyeing Bengal's real estate market
With REIT opening up giving these foreign funds an opportunity to exit, the existing private equity funds such as KKR, Blackstone, JM Financial and Xander are also looking to increase their exposure in West Bengal's retail and logistics space, avers realtor Pradeep Sureka, vice president, Indian Chamber of Commerce.
Warburg Pincus to raise up to $1.5 billion for first India-focused fund: Sources
Private equity-backed deals in India have risen to a record $16.8 billion so far this year.
London Stock Exchange shareholders bless $27 billion Refinitiv deal
LSE will issue about $14.5 billion of new shares to fund the deal and take on Refinitiv's net debt of $12.5 billion.
India needs an index with a blend of m-cap and macros: Saurabh Mukherjea
Not not sure if Nifty or Sensex captures India's economic wealth opportunity, says Mukherjea.
Stalled residential projects worth $66 billion face bankruptcy proceedings
As per the Insolvency and Bankruptcy Board of India, a total of 115 insolvency cases have been filed as of September 2019 under real estate category. Of these 87 cases are under process while 28 are closed. The recent stressed asset deal has been the sale of an IT park in Bengaluru by Cafe Coffee Day Enterprise for USD 385 million to reduce its debt.
Mphasis eyes more business from new clients
DXC Technology, a company spun off from Mphasis' erstwhile parent HP, contributed 24.1% of the mid-tier IT services provider’s revenue in the September quarter.
Blackstone, KKR, Bain among PE cos in talks to buy Granules India
The investor relations team at Granules India denied the promoters are seeking to sell their stake.
K Raheja Corp, Blackstone finalise plan to raise RS 3,500 crore
Embassy Office Parks REIT, another Blackstone joint venture, is the only currently listed Indian REIT. It raised Rs 4,750 crore in April.
Blackstone lines up logistics push, in talks with Hiranandanis for deal
Blackstone is talking to Hiranandani Group to acquire 50% stake in the realty developer’s logistics venture that has over 12-million-sq-ft assets under construction in Pune and Chennai.
Blackstone picks up 37.5% stake in Aakash Educational
"The deal values AESL at USD 500 million and Blackstone has paid Rs 1,350 crore for the 37.5 per cent stake," a source said.
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