The investment from Fairfax will reduce INR 2000 crore of GVK’s debt burden and save the interest cost to around INR 300 crore per annum.
2 min read · 30 March 2016
Joel Thickins joins TPG from Australian PE firm CHAMP, while the country head and Asia co-head Ben Gray is set to leave the firm at the end of the year.
2 min read · 29 March 2016
HSBC has elevated Hitendra Dave to the head of banking and markets for India. His responsibilities will expand to corporate banking, capital finance and financial institutions.
1 min read · 23 March 2016
The Indian government wants to clean up $130 billion in distressed assets by relaxing foreign direct investment rules.
2 min read · 23 March 2016
Several recent sizeable commitments from LPs have helped Blackstone’s real estate debt business to reach a second close on its third fund.
1 min read · 22 March 2016
The troubled-Chinese developer finally looks like its $2.6 billion debt restructuring could move ahead after further modifying the proposed terms.
2 min read · 21 March 2016
Pranay Gupta joins Fullerton as the head of multi-asset strategies to enhance returns amid increasing volatility.
1 min read · 21 March 2016
The underperforming commodity trader Noble swung to a net loss of $1.67bn in 2015 which was its first annual loss in nearly 20 years, battered by a $1.2bn write-down on weak coal prices, Reuters reported.
2 min read · 21 March 2016
International players pouring money into Indian credit opportunities have an intriguing choice between distressed and performing strategies.
3 min read · 18 March 2016
As investor interest in the private debt market rises, so do the closed-ended fundraising figures.
1 min read · 17 March 2016
