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George Smith Alexander

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ARTICLES BY GEORGE SMITH ALEXANDER

L&T’s electrical unit makes switchboards, energy metres and management systems. Photo: Priyanka Parashar/MInt

L&T is said to agree to sell unit to Schneider Electric for $2.1 billion

1 min read . 30 Apr 2018

The L&T electrical unit, which makes switchboards, energy meters and management systems, has manufacturing operations in India, the Middle East and Europe. Photo: Mint

L&T said to agree to sell its electrical unit to Schneider for $2.1 billion

1 min read . 30 Apr 2018

If Deutsche Bank’s new CEO Christian Sewing — who managed bank’s consumer banking operations — does invest more in India, he would be revising a 5-year turnaround plan unveiled by Cryan in late 2015. Photo: Bloomberg

Deutsche Bank said to shelve $4.6 billion India portfolio sale

1 min read . 17 Apr 2018

Chanda Kochhar’s current tenure as ICICI Bank CEO is set to end on 31 March 2019. Photo: Abhijit Bhatlekar/Mint

ICICI Bank board said to be divided over CEO Chanda Kochhar’s future

1 min read . 09 Apr 2018

The committee of creditors decided to support the proposal, which would see Binani Cement sold to UltraTech. Photo: Reuters

UltraTech’s last-minute $1.1 billion bid entertained by Binani Cement lenders

1 min read . 05 Apr 2018

Essar Steel is the biggest industry asset yet to be sold under the insolvency and bankruptcy code. Photo: Bloomberg

ArcelorMittal heads to court over legitimacy of Essar Steel bid by Numetal

2 min read . 04 Apr 2018

UltraTech is looking to purchase additional capacity in India, where it sees the most demand. Photo: Pradeep Gaur/Mint

How UltraTech Cement is planning to reduce its debt

3 min read . 26 Mar 2018

Fortis is discussing issuing around Rs40 billion of new stock to TPG and Manipal through a preferential allotment. Photo: Ramesh Pathania/Mint

TPG is said to near deal for $1.1 billion Indian hospital chain

2 min read . 26 Mar 2018

Dalmia Bharat consortium backed by Bain Capital bid about Rs6,350 crore and offered close to a 20% stake in Binani Cement to its lenders. Photo: Bloomberg

Binani Cement creditors approve bid backed by Bain Capital

1 min read . 16 Mar 2018

UltraTech is competing with the consortium led by Dalmia Bharat, which has been chosen as the highest bidder. Photo: Reuters

UltraTech Cement hikes bid for Binani Cement to $1 billion

1 min read . 15 Mar 2018

TCS, which is 73.5% owned by its parent, rose 0.57% to Rs3051.85 on BSE on Monday. Photo: Mint

Tata Sons to sell TCS stake worth $1.25 billion to pay debt

1 min read . 13 Mar 2018

Blackstone’s private equity funds have now invested a total of $3.5 billion in India. Photo: Bloomberg

How Blackstone turned India into its most profitable market

4 min read . 13 Mar 2018

HDFC Bank plans to raise the bulk of the funds from international investors through a sale of American depository receipts, with the rest to come from selling stock in India. Photo: Pradeep Gaur/ Mint

HDFC Bank said to pick arrangers for $2.4 billion share sale

1 min read . 09 Mar 2018

The interim resolution professional overseeing the sale has asked Essar Steel lenders to provide further clarity on issues relating to the bidders’ eligibility. Photo: Bloomberg

Essar Steel’s $6 billion sale is said to face fresh delay

1 min read . 07 Mar 2018

Both Dalmia Bharat consortium and UltraTech offered around a 20% stake to Binani Cement creditors, people with knowledge of the matter said. Photo: Mint

Bain-backed Dalmia consortium said to submit highest bid for Binani Cement

1 min read . 20 Feb 2018

Shares of Binani Industries Ltd, the parent company of Binani Cement, were up 5.8% to Rs113.55 at 12:05pm in Mumbai Wednesday, the most since 28 December. Photo: Mint

Birla, Dalmia are said to be lead bidders for Binani Cement

1 min read . 14 Feb 2018

Fortis founders Malvinder Singh and his brother Shivinder. Photo: HT

Singhs said to have taken Rs500 crore from Fortis Healthcare

4 min read . 09 Feb 2018

A sale would help Bank of Baroda, helmed by CEO P.S. Jayakumar, buttress its capital buffer and clean its balance sheet of soured debt. Photo: Pradeep Gaur/Mint

Bank of Baroda may sell Nainital Bank to bolster capital

1 min read . 11 Jan 2018

Life Healthcare has invested a total of 2.9 billion rand in Max Healthcare, according to the South African firm’s annual report released in December. The Indian company has a network of 14 hospitals, spread mostly across the northern part of the country.

Life Healthcare said to weigh sale of Max Healthcare stake

1 min read . 09 Jan 2018

The deal could value Aleris at around $2.5 billion including debt. Photo: AFP

Hindalco is said to bid for $2.5 billion aluminum firm Aleris

1 min read . 05 Jan 2018

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