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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.

Technology

India: Musk’s Starlink Links Up

Two of India’s biggest telecom providers, Reliance Jio and Bharti Airtel, separately inked deals with Elon Musk’s Starlink last month...
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