Latest news with #DevChatterjee
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Business Standard
2 days ago
- Business
- Business Standard
It's natural for JSW Paints, AkzoNobel India to merge ops: Parth Jindal
Parth Jindal says JSW Paints' acquisition of AkzoNobel India will strengthen decorative and industrial paint segments; Dulux, tech tie-up key to long-term strategy Sharleen Dsouza Dev Chatterjee Mumbai Listen to This Article In a $1.4 billion deal signed last week, JSW Paints acquired AkzoNobel India, marking a major step in its ambition to become one of the top three players in India's highly competitive paint market. In an exclusive conversation with Sharleen D'Souza and Dev Chatterjee, Parth Jindal, Managing Director of JSW Paints, and Gregoire Poux-Guillaume, CEO of Amsterdam-based AkzoNobel NV, discuss the strategic rationale, potential synergies, and the road ahead for both companies. What made JSW Paints so bullish about the acquisition of AkzoNobel India?
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Business Standard
6 days ago
- Business
- Business Standard
Torrent Pharma in advanced talks to acquire JB Chemicals from KKR
Torrent Pharma is negotiating to acquire JB Chemicals from KKR in a deal that may trigger an open offer, strengthening its position in the domestic pharma market Dev Chatterjee Mumbai Listen to This Article Torrent Pharmaceuticals Ltd is in advanced negotiations to acquire JB Chemicals & Pharmaceuticals Ltd from the US-based private equity firm KKR & Co, according to people familiar with the matter, as the Ahmedabad-based drugmaker looks to consolidate its presence in the domestic pharmaceutical market. KKR & Co owns 47.84 per cent of JB Chemicals, and any transaction would trigger a mandatory open offer for public shareholders under Indian takeover regulations. The private equity firm's stake was valued at ₹13,461 crore ($1.57 billion) as of Friday's close, with JB Chemicals shares ending at ₹1,800 apiece, giving the company a market capitalisation
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Business Standard
12-06-2025
- Business
- Business Standard
Adani group to use own cash, debt to fund $20 billion annual capex
Group to bid for UP electricity discoms to expand network premium Dev Chatterjee Mumbai Listen to This Article The Adani group intends to fund its $20 billion annual capital expenditure (capex) primarily through internal accruals and debt, according to top executives in the conglomerate. The Ahmedabad-based group is also planning to bid for electricity-distribution companies in Uttar Pradesh to expand its network in power transmission and distribution as part of its broader strategy to invest in infrastructure. In an exclusive interaction, top officials led by Sagar Adani, executive director, Adani Green Energy, and member of the Adani family, the group promoters, detailed the funding strategy: About $8.5 billion in free cash, about $3 billion as annual debt refinancing,
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Business Standard
23-05-2025
- Business
- Business Standard
Dalmia Bharat under I-T lens post HC nod on reopening of assessment
Madras HC rules in favour of tax department on reopening Dalmia Cement's case involving KKR's ₹500 crore investment, triggering fresh scrutiny over round-tripping Dev Chatterjee Shine Jacob Chennai/Mumbai Listen to This Article The Dalmia Bharat group is facing an income tax (I-T) scrutiny following a recent ruling by the Madras High Court, which upheld the reopening of I-T assessment proceedings against Dalmia Cement (Bharat) Ltd (DCBL) in a transaction involving US-based private equity giant KKR & Co. The tax authorities have alleged that an investment of ₹500 crore made by KKR Mauritius Cement Investment Ltd, a KKR & Co investment vehicle, in DCBL in 2010-11 for a 14.99 per cent stake, prima facie suggests round-tripping of unaccounted money by the company. An email sent to the Dalmia Bharat group on Tuesday did
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Business Standard
22-05-2025
- Business
- Business Standard
Brookfield plans $100 billion India bet as global AUM eyes $2 trillion mark
New York-based Brookfield Asset Management aims to quadruple India exposure to $100 billion as part of its plan to double global AUM to $2 trillion in five years Dev Chatterjee Mumbai Listen to This Article Brookfield Asset Management plans to ramp up its investments in India to $100 billion over the next five years, up from $30 billion currently, as part of a broader strategy to double its global assets under management (AUM), President Connor Teskey said here on Thursday. The New York-based alternative asset giant, which oversees more than $1 trillion across renewables, infrastructure, private equity, real estate and credit, expects its total AUM to hit $2 trillion within the same timeframe. 'We expect our global business to more than double over the next five years,' said Teskey, 38, who is widely expected to
