Due Diligence News

LIC Board approves 51% stake purchase in IDBI Bank, seeks more due diligence

LIC Board approves 51% stake purchase in IDBI Bank, seeks more due diligence

The All India Bank Employees' Association (AIBEA) is opposing the purchase by LIC saying this would bring down the government's stake in the bank to below 51 per cent which is contrary to the assurance given to the Parliament when IDBI was converted ...

No Takers For Air India

No Takers For Air India

“A stronger, restructured Air India, it said “can deliver significant indirect benefits to the Indian economy by stimulating tourism, trade and job creation, that far outweigh any notional future upside on the sale of 24 percent equity in the airline ...

IHH Healthcare to launch 100-day turnaround plan for India's Fortis

IHH Healthcare to launch 100-day turnaround plan for India's Fortis

PETALING JAYA: IHH Healthcare Bhd, which could pump in as much as RM4.33 billion for the much coveted interest in India's Fortis Healthcare Ltd, will put in ...

Logistics developer ESR close to buying land in Mumbai, Pune

Logistics developer ESR close to buying land in Mumbai, Pune

Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) is close to signing two land deals totalling over ₹200 crore in Mumbai and Pune to kick off its India business, two people aware of the matter said. ESR is conducting the final due ...

Cash-Strapped Fortis Healthcare Picks IHH as Its New Owner

Cash-Strapped Fortis Healthcare Picks IHH as Its New Owner

Of the four bidders who were either originally invited to participate or expressed an initial interest to do due diligence, only IHH and TPG-backed Manipal Health Enterprises Pvt. ended up submitting binding bids. A consortium of two Indian business ...

No. 1 vs No. 2: War in CBI is out in the open

No. 1 vs No. 2: War in CBI is out in the open

Exposing the fault lines in India's top investigating agency, the Central Bureau of Investigation (CBI) has written to the Central Vigilance Commission (CVC) saying that its second most senior officer, Special Director Rakesh Asthana, does not have the ...

Associated Banc-Corp Increased By $371624 Its Walmart (WMT) Stake; Rudman Errol M Trimmed Delta Air Lines Del ...

Associated Banc-Corp Increased By $371624 Its Walmart (WMT) Stake; Rudman Errol M Trimmed Delta Air Lines Del ...

... 06/04/2018 – Times of India: Walmart completes due diligence for buying stake in Flipkart: Report; 26/04/2018 – Seattle Times: Walmart seeks to take on Amazon in India with Flipkart; 30/04/2018 – Walmart's Asda agrees UK merger deal with Sainsbury ...and more »

Panama Papers: Offshore firms linked to DLF family got reminders — Send due diligence

Panama Papers: Offshore firms linked to DLF family got reminders — Send due diligence

NEW RECORDS of Mossack Fonseca show that it failed to collect certified due diligence documents from three entities, incorporated in the British Virgin Islands (BVI), for their owners Kushal Pal Singh, promoter of real estate major DLF, and his family ...

SRI Capital launches $100M fund to 'fill the gap' between India, US VC funding

SRI Capital launches $100M fund to 'fill the gap' between India, US VC funding

It plans on investing between $1 million to $3 million in six to eight early-stage companies each year — it's in the due diligence stage with three startups now — and expects about 20 percent of them will be local, and most U.S. investments will be ...and more »

Complete ecosystem needed to ensure India's solar success – UL India interview

Complete ecosystem needed to ensure India's solar success – UL India interview

The government must therefore invest in expanding the laboratory infrastructure, as well as skilling for technical due diligence, energy yield assessment and forecasting to enable on-ground execution of the program. We also need system-level standards ...