George Smith Alexander
BQ Prime
Mumbai, MH, India
Contact George
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by George:
Bharti Airtel Delays IPO of $8 Billion Africa Business
Bharti Airtel Ltd., India’s second-biggest wireless carrier, is delaying a planned initial public offering of its Africa unit due to the turmoil in emerging-market stocks, people with knowledge of the matter said.The company, which was originally aiming to list the unit in London by March, has pushed back the share sale by about half a year, according to the people. → Read More
Kraft Agrees to Sell Package of Indian Assets to Zydus
(Bloomberg) -- Kraft Heinz Co. has agreed to sell a portfolio of Indian businesses, including children’s milk drink Complan, to Zydus Wellness Ltd., people with knowledge of the matter said. Zydus, which is a unit of Indian drugmaker Cadila Healthcare Ltd. → Read More
Essar Lenders Vote to Approve $5.4 Billion Arcelor Bid
Arcelor has offered to make an upfront payment of about 395 billion rupees ($5.4 billion) to the banks, the people said, asking not to be identified because the information is private. The Luxembourg-based suitor later plans to pay the lenders about 25 billion rupees from Essar Steel’s retained earnings, according to the people. → Read More
Bhushan Power Lenders Back JSW’s $2.7 Billion Offer
(Bloomberg) -- Creditors of Bhushan Power & Steel Ltd., a major debt-laden Indian mill, are poised to name JSW Steel Ltd. as the preferred bidder in a sale seen as a key test of the country’s new bankruptcy law, people familiar with the matter said. → Read More
Tycoon Piramal Weighs $1 Billion Contract Pharma Sale
Ajay Piramal’s Piramal Enterprises Ltd. is working with advisers to gauge interest in the business, known as Piramal Pharma Solutions, according to the people. It has sent out preliminary marketing materials to potential buyers, the people said, asking not to be identified because the information is private. → Read More
KKR Seeks to Buy Portfolios From Stressed Indian Shadow Lenders
KKR & Co. is seeking to acquire assets from stressed Indian shadow lenders, as it tries to take advantage of the market disruption after a rare money market default by Infrastructure Leasing & Financial Services Ltd. → Read More
KKR Shriram Deal: KKR, Blackstone Said to Show Interest In $3 Billion Shriram Deal
KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. → Read More
KKR, Blackstone Group weigh $3 billion Shriram deal
Suitors keen to hold stake in a single listed entity encompassing group’s combined biz → Read More
Lupin Japan Divestment: India’s Lupin Starts Strategic Review of Japanese Arm
Lupin Ltd. has started a strategic review of its Japanese operations, people with knowledge of the matter said, as the Indian pharmaceutical company seeks to focus on higher-growth areas. → Read More
Shadow Banker in India Rushes to Sell Assets as Defaults Pile Up
(Bloomberg) -- Infrastructure Leasing & Financial Services Ltd., an Indian shadow banker that defaulted on more than five of its obligations since August, is trying to sell assets as payments on more debt becomes due in the next few months. → Read More
Blackstone REIT IPO: Blackstone Plans 7% Yield For India’s First REIT IPO
Blackstone and Embassy Group plan to approach investors with an annual yield of around 6.5 percent to 7 percent, according to the people, who asked not to be identified because the information is private. They are considering marketing the deal with a total return of about 14 percent to 16 percent, which takes into account factors like asset value appreciation and rental increases in addition to… → Read More
Indian Power Sector Debt: India Banks To Plan Resolving $19 Billion Power Sector Debt
Lenders to India’s power industry are scheduled to meet Thursday to discuss ways to resolve 1.4 trillion rupees ($19.2 billion) of stressed assets that’s hobbling the sector, people with knowledge of the matter said. The meeting will be hosted in New Delhi by Power Finance Corp., according to the people, who asked not to be identified because the details aren’t public. → Read More
Internet: War For India Dominance To Spur More Billion-Dollar Tech Deals
India’s technology industry will see more billion-dollar acquisitions as the next big battleground for foreign Internet companies, according to boutique advisory firm Raine Group LLC. → Read More
War for India dominance to spur more billion-dollar tech deals
The e-commerce, financial technology and emerging media sectors will see strong deal activity, said Gaurav Mehta, the Mumbai-based country head at Raine → Read More
Once-In-A-Lifetime Dealmaking Spree Underway In India
The biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come. → Read More
Billionaire Adani Is Said to Near Acquisition of GMR Power Plant
Indian billionaire Gautam Adani’s energy unit is nearing a deal to acquire a 1,370-megawatt thermal power plant backed by GMR Infrastructure Ltd., according to people with knowledge of the matter.Adani Power Ltd. will take over about 38 billion rupees ($543 million) of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy Ltd. owes, said the people, who asked not to be… → Read More
Glaxo Seeks Bids Mid-September for $4 Billion India Sale
U.K. pharmaceutical giant GlaxoSmithKline Plc has requested bids by mid-September for its $4.3 billion Indian consumer-health unit, which owns the popular malted milk brand Horlicks, people with knowledge of the matter said. → Read More
Blackstone in Talks for Stake in Jet Airways Loyalty Arm
Blackstone in Talks for Stake in Jet Airways Loyalty Arm → Read More
Blackstone group in talks to pick up stake in Jet Airways’s loyalty programme
The Potential deal with Blackstone Group could value Jet Privilege between Rs 3,000 crore and Rs 4,000 crore → Read More
Blackstone in Talks for Stake in Jet Airways Loyalty Arm
Blackstone Group LP is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said. → Read More