India’s largest power producer NTPC Ltd aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to 30 billion Indian rupees ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada… Continue reading Indian power producer NTPC to sell stake in green energy businessThe deal marks the first green transaction by an Indian state company
Author: Deal Street Asia Online News
Banks gearing up to book losses on Twitter loans this quarter
Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in a way that it does not become a major drag on their earnings, according to three sources with direct knowledge of the situation. Banks… Continue reading Banks gearing up to book losses on Twitter loans this quarter
US SEC to vote on proposal to overhaul stock market rules
The U.S. Securities and Exchange Commission on Wednesday will vote on whether to propose some of the biggest changes to the structure of the American equity markets in nearly two decades, aimed at boosting competition, transparency and fairness. The potential changes include new rules that would require marketable retail stock orders to be sent to… Continue reading US SEC to vote on proposal to overhaul stock market rules
Indian market regulator may allow ‘micro’ REITs to boost nascent market
India’s market regulator is planning to allow “micro” real estate investment trusts (REITs), according to a senior official, to bring a wider set of property companies to the nascent market as India emerges from a pandemic-induced lull. The Securities and Exchange Board of India (SEBI) is considering reducing the size of REITs, allowing them to… Continue reading Indian market regulator may allow ‘micro’ REITs to boost nascent market
Abu Dhabi’s ADQ leads consortium to buy stake in Israel’s Phoenix Group
A consortium led by Abu Dhabi state holding firm ADQ is in advanced negotiations to acquire a controlling stake in Israeli financial firm Phoenix Group in a deal that values the company at around 9.2 billion shekels ($2.70 billion), the companies said on Wednesday. U.S. private investment firms Centerbridge Partners and Gallatin Point Capital, which… Continue reading Abu Dhabi’s ADQ leads consortium to buy stake in Israel’s Phoenix Group
Fundraising environment difficult for startups across the globe, says SkyBridge’s ScaramucciThe current macroeconomic uncertainty has seemingly been t…
Rising inflation rates and talks of an impending recession have affected the pace at which startups around the world are able to raise funds, said Anthony Scaramucci, founder and managing partner at US-based global investment firm SkyBridge Capital. “The fundraising environment is difficult. I do agree that [investors are looking more at] longer-tail investments with… Continue reading Fundraising environment difficult for startups across the globe, says SkyBridge’s ScaramucciThe current macroeconomic uncertainty has seemingly been t…
[Summit video] What makes Asia attractive to PE firms despite the challenges?
(L to R) Deepshikha Monga, editor, DealStreetAsia; Kenneth Cheong, managing director, Baring Private Equity Asia Pte; Nainesh Jaisingh, founding partner & CEO Affirma Capital; Eddie Ong, deputy chief investment officer and managing director (private investments) at SeaTown Holdings; and Doug Coulter, partner and head of PE, Asia-Pacific, at LGT Capital Partners at a session titled… Continue reading [Summit video] What makes Asia attractive to PE firms despite the challenges?
PH Digest: Coins.ph bags another central bank licence; FPH acquires Medical Services of America’s local unit
Philippine crypto wallet Coins.ph said it has received a virtual currency exchange licence from the central bank, while FPH has agreed to acquire the local subsidiary of Medical Services of America (MSA). Coins.ph gets virtual currency exchange licence Philippine fiat and crypto wallet services provider Coins.ph has announced that the Bangko Sentral ng Pilipinas (BSP),… Continue reading PH Digest: Coins.ph bags another central bank licence; FPH acquires Medical Services of America’s local unit
GoTo sells stake in Indonesian retailer Alfamart to focus on core business
PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest tech group, said on Wednesday that it has sold stake in local retailer PT Sumber Alfaria Trijaya Tbk, popularly known as Alfamart, worth 1.5 trillion rupiah ($96 million). DealStreetAsia understands that GoTo still retains a minority stake in the local retailer. “Alfamart has performed strongly, providing us… Continue reading GoTo sells stake in Indonesian retailer Alfamart to focus on core business
Australia’s TPG Telecom plunges as email hack targets business users’ crypto, financial infoThe incident is the latest in a series of high-profile hac…
Australia’s No. 2 internet services provider TPG Telecom Ltd said on Wednesday it had been notified of unauthorised access to a hosted exchange service that hosts email accounts of upto 15,000 business customers, dragging its shares over 5%. The incident is the latest in a series of high-profile hacks in Australia, including the country’s second-largest… Continue reading Australia’s TPG Telecom plunges as email hack targets business users’ crypto, financial infoThe incident is the latest in a series of high-profile hac…