Reliance Said to be in Talks to Raise Up to $8bn for Boots
Indian conglomerate Reliance Industries Ltd (RIL) is said to be in talks with international banks to raise around $8bn to fund the acquisition of UK pharmacy & chemist chain Boots, as reported by Mint. These banks include Deutsche Bank AG, Barclays Bank Plc,...
Vedanta Invites Bids to Sell National Asset Copper Plant
Vedanta Ltd. is in exploratory stages of deciding to sell its Sterlite Copper unit based in Tuticorin, Tamil Nadu by inviting bids from interested buyers. In an exchange filing, the company indicated that since the matter was only at an exploratory stage, any such...
Yes Bank Nears $1bn Capital Raise from Carlyle, Advent
Yes Bank is close to successfully negotiating a $1bn equity fundraise from private equity firms Carlyle Group and Advent International. Talks had been slow initially because the Indian bank was running an asset reconstruction company (ARC) deal to offload INR 490bn...
Reliance Said to Mull Purchasing Revlon; Revlon Borrows $375mn in Bankruptcy
A day after struggling American cosmetics major Revlon filed for Chapter 11 bankruptcy protection, ET Now reports that Indian conglomerate Reliance Industries (RIL) is exploring a buyout of Revlon, sending its shares 62% higher on Friday. The company also got approval...
