P R Sanjai

1 week ago | bloomberg.com | Baiju Kalesh |P R Sanjai |Anto Antony

The logo of Emaar Properties PJSC on skyscrapers on the city skyline in downtown Dubai. (Bloomberg) -- Billionaire Gautam Adani’s real estate division has decided against buying the Indian unit of Dubai-based developer Emaar Group due to disagreements on valuation, according to people familiar with the matter. The Adani family and Emaar had been in talks for a sale of Emaar India Ltd. at an enterprise value of $1.4 billion, Bloomberg News reported in March.

2 weeks ago | bloomberg.com | Divya Patil |P R Sanjai

The Grasim Industries Ltd. paint factory in Panipat. (Bloomberg) -- Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, according to people familiar with the matter.

4 weeks 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.

1 month 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.

1 month 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.