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The Hong Kong-based buyout fund has initiated the process by mandating investment banks Barclays and JP Morgan to find buyers at a valuation of Rs 18,500 crore – Rs 22,200 crore ($2.5-$3 billion), multiple people aware of the development said.
Asian shares spooked by US inflation alarm, yield jumpAsian markets had already been spooked on Wednesday when Taiwan stocks tumbled on fears the island could face a partial lockdown amid an outbreak of the virus. Nasdaq futures were trying to rally with a gain of 0.3%, while S&… Read MoreTaiwan stocks plummet on virus restrictions, tech selloffTaiwan has been hailed as a global leader in containing the coronavirus with just 1,210 confirmed cases, 12 deaths. The island's economy recorded 3.1 per cent growth last year, the highest in Asia and the Taiex, as well as th… Read MoreDalal Street indices fall 1% on Asian cuesForeign portfolio investors (FPIs) have been selling Indian stocks of late amid the broader risk aversion to emerging market stocks on fears that expectations of rising rates in the US could led to the dollar strengthening. O… Read MorePaytm set to get 7% stake in IPO-bound PayPayThis was revealed in a regulatory filing on Wednesday by SoftBank, which owns around 20% stake in One97 Communications, the parent entity of Paytm
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… Read MoreETMarkets Morning Podcast: Shivanand Mankekar returns to Dalal Street after years
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