KHAZANAH NASIONAL BHD
Global investors stung by AI could turn to India, lured by domestic demand, growth
India's economy is poised for strong growth, attracting foreign investment. As global AI markets face a shakeout, India's domestic demand and improving currency offer a compelling alternative. This shift could see billions in foreign capital return, fueling further market expansion. Investors are looking to India for sustained long-term growth opportunities beyond the AI boom.
Malaysia's Khazanah to steer more capital to power grids, chip firms, chief says in Davos
Surging AI computing needs were reshaping what is "investable" in the AI boom, with energy supply and grid resilience being central to competitiveness, Khazanah Managing Director Amirul Feisal Wan Zahir said in an interview at the World Economic Forum's annual meeting in Davos.
Logistics company Shadowfax eyes Rs 3,000 crore IPO
Shadowfax Technologies, supported by Flipkart, prepared for an IPO aiming to raise Rs2,500-3,000 crore, seeking a valuation of Rs5,000-8,000 crore. In February, it raised $50 million in a Series E round. For FY23, it reported revenues of Rs1,415 crore and reduced its losses to Rs143 crore, competing with Delhivery and Ecom Express.
Ontario Teachers' fund weighs $100 million investment in ecommerce logistics startup Xpressbees
The Canadian pension investor may buy a stake in the firm at about a $1.4 billion valuation.
Flipkart-PhonePe spilt: Flipkart staff to receive $700 million cash payout this month
Eligible former and current employees will receive $43.67, or about Rs 3,615 for each unit of Esop they hold in Flipkart as compensation for the loss of PhonePe’s value in the stock option as a result of its separation, the company had said in an internal note.
Flipkart may go for $700 million Esop buyback as part of PhonePe financing round
The buyback, likely the largest in India’s new-age internet economy, is part of PhonePe’s latest $1.5-2 bn funding round led by Walmart
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Malaysia Airlines parent company says group is running out of cash
Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah.
Reliance Brands buys out Screwvala in Zivame
Zivame holds substantial market share in the premium lingerie category but its expansion plans and fundraising have been hit by the Covid-induced lockdown.
Gaja Capital, L Catterton eye 40% stake in Zivame
Both funds are in separate discussions to acquire stake, while Gaja Capital is said to be in advanced talks. Currently, technology-focused investment firm Zodius Capital is the largest shareholder in Zivame with about 60% stake. Zivame is the second largest selling women lingerie brand in India after Jockey.
How a $7 billion dispute helped topple Mahathir’s 'new Malaysia'
For Malaysia, the political disarray comes at a bad time: The economy is already growing at the slowest pace in a decade, and faces more downside risk as the global coronavirus outbreak disrupts travel and business operations.
Lingerie brand Zivame plans $50 million fundraise, eyes $200 million valuation
Zivame, with a revenue of 140 crore in FY19, is expected to cross 250 crore in revenue in FY20.
Reddys seek funds: ADIA, Mitsui, Itochu eye stake in Apollo Holdco
In separate talks to invest $350-400 million in PCR Investments.
IHH picks up 31% stake in Fortis, appoints four board members
The Competition Commission of India approved this deal earlier this month.
IHH CEO Tan See Leng to join Fortis board
IHH, which is taking charge of Fortis following a deal approved by the Competition Commission of India earlier this month, is expected to appoint four persons to the board.
Malaysia’s IHH Healthcare to make open offer for Fortis
IHH, the world’s second largest healthcare group, has roped in investment bank Citi to advise on the process and is preparing a $1 billion war chest to fund the share purchase.
PE investors busy booking profit in the rally
PE firms have been selling either a part or their complete stake in more than a dozen companies.
Khazanah unit offloads its entire stake in Apollo Hospitals for Rs 850 cr
IHH is likely to use the funds for buying hospital assets in India, a strategy that annoyed Prathap Reddy family, the promoters of Apollo Hospitals.
Fifteen stocks in focus on Monday, 6 March 2017
Pharma firm Cipla said it plans to sell its animal health business in South Africa and Sub-Saharan Africa for a consideration of about Rs 191 crore.
Alibaba’s delivery service wants backers who don’t mind losses
Founded in 2013 by Alibaba and a small group of initial backers that includes trucking companies, Cainiao underpins the commerce giant’s expansion.
SunEdison India sale said to draw Khazanah, Hinduja brothers
SunEdison bid aggressively to win contracts in the country during a $3.1 billion buying spree that left it overloaded with borrowings.
IDFC to start operation on October 1 with 23 branches: Rajiv Lall
The company has posted a profit of Rs 1,707 crore for fiscal year 2014-15, down 5 per cent from Rs 1,824 crore a year ago.
Malaysian Air to present turnaround plan this week
Even a month before the MH17 disaster, it was being estimated that the unprofitable airline only had enough funds to last it about a year.
Struggling Malaysian Airline taps banks for restructuring-sources
"They are sending all these feelers to banks to try and test the waters," said a banking source familiar with the situation.
Parkway Holdings set to buy Sterling Hospitals
Singapore-based Parkway Holdings has emerged as a favoured bidder for Sterling Hospitals, an Ahmedabad-based group controlled by private equity player Actis.
Plans to build pan-Asian healthcare empire intact: Fortis chief
Fortis Healthcare chairman Malvinder Mohan Singh said his plan to use Singapore to build a pan-Asian healthcare empire remains unchanged.
Fortis dispatches cash offer document to Parkway shareholders
Fortis Healthcare Ltd on Thursday dispatched a voluntary conditional cash offer document to the shareholders of Singapore-based Parkway Holdings, Fortis' financial adviser RHC Holdings Private said.
Fortis Healthcare surges 3 pc on Parkway offer
Fortis Healthcare Ltd on Thursday rose over 3 per cent on BSE after it made a counter offer to acquire Singapore-based Parkway Holdings Ltd's entire stake for SGD 3.80 a piece.
Fortis makes $2.3 bn offer for Parkway
Parkway operates 16 hospitals across Asia including Singapore, Malaysia, India and China. Parkway's prized assets are Gleneagles and Mount Elizabeth. Full Coverage
Asia, Africa exciting markets for Indian healthcare cos
Choosing not to make a direct comment on the impasse over the takeover of Singapore-based Parkway Holdings, Fortis group promoter Malvinder Singh today outlined Asia, Africa and the Indian sub-continent as exciting geographies for the Indian healthcare companies.
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