P R Sanjai

6 days ago | bloomberg.com | Baiju Kalesh |P R Sanjai

Sunil Mittal(Bloomberg) -- Sunil Mittal is in advanced talks to acquire a 49% stake in the Indian unit of China’s Haier Smart Home Co., according to people familiar with the matter, as the billionaire looks to tap growing demand for goods such as home appliances in the South Asian country. The Bharti Airtel Ltd. founder has teamed up with private equity firm Warburg Pincus to buy the stake in Haier Appliances (India) Pvt.

2 weeks ago | bloomberg.com | P R Sanjai |Rakesh Sharma

Reliance branding. Photographer: Dhiraj Singh/Bloomberg(Bloomberg) -- Reliance Industries Ltd., controlled by billionaire Mukesh Ambani, reported a better-than-expected quarterly profit, as a recovery in its oil-to-chemicals business added to a strong show by consumer-facing units. Net income rose 2.4% to 194.1 billion rupees ($2.3 billion) in the three months ended March 31, according to an exchange filing Friday.

3 weeks ago | business-standard.com | P R Sanjai |Baiju Kalesh |Saikat Das

Adani Group is in talks with a group of international lenders for an offshore loan for as much as $750 million for its airport unit, according to people with knowledge of the matter. Lenders include Barclays Plc, First Abu Dhabi Bank PJSC and Standard Chartered Bank Plc, said the people, who asked not to be identified as the information is not public. The proceeds would fund capital expenditure and refinance dollar debt due in September.

3 weeks ago | bloomberg.com | P R Sanjai |Baiju Kalesh |Saikat Das

(Bloomberg) -- Adani Group is in talks with a group of international lenders for an offshore loan for as much as $750 million for its airport unit, according to people with knowledge of the matter. Lenders include Barclays Plc, First Abu Dhabi Bank PJSC and Standard Chartered Bank Plc, said the people, who asked not to be identified as the information is not public. The proceeds would fund capital expenditure and refinance dollar debt due in September.

3 weeks ago | news.bloomberglaw.com | Baiju Kalesh |P R Sanjai

Billionaire Gautam Adani will transfer ownership of an Australian terminal to his listed company at an enterprise value of about $2.5 billion as India’s largest port operator seeks to expand its global footprint. The board of Adani Ports & Special Economic Zone Ltd. on Thursday approved the acquisition of Abbot Point Port Holdings Pte from Carmichael Rail and Port Singapore Holdings Pte by issuing 143.8 million shares.