Shares of Dewan Housing Finance Corporation Ltd on Tuesday shot up 5 percent to hit upper price band after more than two dozen entities put in bids to takeover the debt-laden firm
Adani, KKR, Bain Capital, Piramal, Kotak, among two dozen bids for DHFL; around 14 entities keen to take over entire operations
Most banks led by the State Bank have declared DHFL account as an NPA in the third quarter.
Dewan’s promoters are reportedly looking to sell a 10 percent stake through various ways, including an open offer
Toshiba Memory had in September reaffirmed the company’s plan to go public in two to three years.
Sharp to buy Toshiba PC business for $36 million, marking a return to a business it quit eight years back
Toshiba told Reuters it outsourced PC production until 2015, and currently builds PCs at its own plant in China.
Five firms have been shortlisted as potential suitors for Intelenet after non-binding bids were tabled in April.
Toshiba raised $5.4 billion from a share issue to foreign investors late last year and it had now decided it did not need to go through with the sale.
Toshiba will not cancel the $18 billion sale of its memory chip unit unless there is any 'major material change'
Toshiba was unable to complete the sale to a consortium led by Bain Capital LP as it was still waiting for approval from China’s anti-monopoly regulator.
Failure to meet the deadline gives Toshiba the option of walking away from the sale of the world’s No. 2 producer of NAND chips without penalty.
Toshiba's deadline for winning the Chinese antitrust approval concerning its $18 billion chip sale is today
A Toshiba spokesman said the company continues its effort to close the deal by the end of this month. Bain declined to comment.
UltraTech said it had secured backing from some creditors of Binani Cement to buy firm for $1.1 billion outside of a bankruptcy process
Toshiba agreed last year to sell the semiconductor business to a consortium led by U.S. private equity firm Bain Capital.
Toshiba to consider an IPO for its memory chip unit if $18 billion sale fails to gain antitrust approval by March
A Toshiba spokeswoman said there had been no change in its efforts to complete the sale of the chip unit.
Toshiba’s board has approved a framework for a settlement and is aiming to reach a final agreement by next week.
Without funds from the sale, it may end the year in negative net worth for the second time, putting pressure on the Tokyo Stock Exchange to delist it.
Because of the impasse over the terms, Western Digital does not believe it will take part in a coming round of investment in Toshiba’s Fab 6 chip factory.
Seagate has committed up to $1.25 billion to finance the purchase of the chip unit — world’s second-biggest producer of NAND flash memory semiconductors.
Toshiba is considering various measures in case the memory chip sale does not close by the end of the financial year
The deal needs to close by end-March or Toshiba will likely report negative net worth — where liabilities exceed assets — for a second year running.
Toshiba is expected to suffer a net loss of $1 billion in taxes related to the sale of its memory chip unit
Toshiba said that due to the tax impact, it expects a loss of 110 billion yen ($970 million) in the year to March.
Bain Capital to cash in on investment in the Toshiba chip unit; aims to list chip unit in three years
US private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp’s chip unit on the Tokyo Stock Exchange within three years.