Page 62 - Squared Capital News Today

HGC’s investor ‘keeps on investing’ in the industry Sign in with LinkedIn 12 January 2021 | Alan Burkitt-Gray Andrew Kwok is delighted that ISQ, the investor that bought HGC three years ago, has made a second, even bigger, investment in telecoms infrastructure. Interview by Alan Burkitt-Gray Hong Kong-based HGC Global Communications is building up its presence in Singapore in response to requests from corporate customers. Andrew Kwok, CEO of HGC, says that “several corporate cu...

Blackstone Group is betting on Miami to build out its technology team, with hiring underway for newly leased office space in Florida’s second-largest city.   The alternative asset manager expects staff will begin moving into the new office this summer and is aiming to hire around 200 professionals, John Stecher, Blackstone’s chief technology officer, said in a phone interview. The team will help develop and strengthen Blackstone’s internal tech, he said, including apps for clients to en...

Uses sale proceeds to reduce debt by 20% Reliance Infrastructure announced that Delhi-Agra (DA) Toll Road has ceased to be the subsidiary of the Company from 31 December 2020 on account of transfer of 100% shares held by the Company to Cube Highways and Infrastructure III for an enterprise value over Rs 3600 crore. The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III and has now been completed with trans...

Reliance Infrastructure Ltd completes stake sale in DA Toll Road to Cube Highways, consolidated debt to reduce by 20%

Reliance Infrastructure Limited (RInfra) today announced the completion of sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore. The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube Highways and Infrastructure III Pte Ltd and has now been completed with transfer of shares of the DA Toll Road Private Limited and receipt of sale consideration, said the ...

HUL, BPCL and Sun Pharma among 10 stocks that could give up to 30% upside Exide Industries, KPR Mill, BPCL, Sun Pharmaceutical and Maruti Suzuki are also among the 10 stocks December 26, 2020 / 11:46 AM IST After a freefall in the December 21 session, market recovered sharply but ended on flat note for the week ended December 24. BSE Sensex added 12.85 points to end at 46,973.54 and the Nifty50 was down 11.3 points to finish at 13,749.25 levels in the week gone by. HUL | Brokerage: ...

GTT Secures Commitment for New Term Loan Facility to Strengthen Liquidity Position December 22, 2020 17:10 ET | Source: GTT Communications, Inc. GTT Communications, Inc. McLean, Virginia, UNITED STATES MCLEAN, VA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- GTT Communications, Inc. (NYSE: GTT), a leading global cloud networking provider to multinational clients, announced today it has entered into a commitment letter through which certain of GTT’s existing ...

News Category Global Banking & Finance Reviews I Squared Capital Acquires Two Companies to Add Cloud Migration and Managed Services Expertise to Its Asian Digital Infrastructure Platform I Squared Capital Acquires Two Companies to Add Cloud Migration and Managed Services Expertise to Its Asian Digital Infrastructure Platform I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired and combined Infofabrica Holdings Pte Ltd and Cloud Kinetics Tech Pte Ltd, two Cloud migrati...

Vedanta, Apollo Global, and I Squared Capital have responded to the Centre’s decision to shed its controlling stake in Bharat Petroleum Corporation (BPCL). Vedanta currently holds a controlling stake in Cairn Oil & Gas, India’s largest private sector crude oil producer, and maybe the keenest to diversify into the refining business. The acquisition would de-risk the group from crude oil price volatilities and also future proof it with a commanding interest in the petrochemical business. B...

Entry of big Pvt equity players set to heat up BPCL takeover A heated competition is expected among all interested parties driving up valuation for the state-run refiner BPCL, say industry experts. BPCL to seek PNGRB nod for 2 pipelines worth 30 bln rupees A heated competition is expected among all interested parties driving up valuation for the state-run refiner BPCL, say industry experts. As the government is set to sell its entire 52.98 per cent stake in Indias second largest fuel retailer ...