India Archives

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Capital Raising & Corporate Finance

MUFG Seeks Stake In Indian Finance Company

Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank by assets and market cap, is close to buying a 20% minority stake in India’s Shriram Finance Limited (SFL), for an investment of $4.4 billion.

Capital Raising & Corporate Finance

Brookfield To Pump $12 Billion Into India Energy Projects

New York-based Brookfield agreed to invest $12 billion in green energy projects in Andhra Pradesh, India, over the next three years.

Winner Insights

CS Setty: Room For Growth

Challa Sreenivasulu Setty took over as chairman of the State Bank of India, named Best Consumer Bank, in August of last year. He discusses SBI’s digital journey, the trajectory of its consumer banking businesses, and the challenge posed by AI and fintechs.

Banking

Emerging Market Private Credit Steps Up

Expanding economies and bank regulatory hurdles prompt emerging-market companies to tap the private credit market.

Economics, Policy & Regulation

India: Credit Rating Gets An Upgrade

S&P Global Ratings raised India’s sovereign credit rating in mid-August from BBB- to BBB, one notch above its lowest investment-grade rating.

Capital Raising & Corporate Finance

WeWork Eyes $407 Million IPO Comeback

WeWork India is preparing to raise up to 35 billion Indian rupees ($407 million) through an initial public offering expected in August.

Banking

Japan’s SMBC Buying Stake In Yes Bank

India’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.

Capital Raising & Corporate Finance

India

MUFG Seeks Stake In Indian Finance Company

Brookfield To Pump $12 Billion Into India Energy Projects

CS Setty: Room For Growth

Emerging Market Private Credit Steps Up

India: Credit Rating Gets An Upgrade

WeWork Eyes $407 Million IPO Comeback

Japan’s SMBC Buying Stake In Yes Bank

GIFT City Takes Off With Axis Bank Lease Deal

India: Musk’s Starlink Links Up

Asia’s Giants Push Deeper Into Latin America

India: Shapoorji Pallonji Eyes Private Credit Deal

Modi Taps ‘Mr. Dependable’ To Be Principal Secretary