MUMBAI:
The financial services arm of the Chennai-based conglomerate has held several rounds of discussions in the last six months ahead of a likely bid, the people cited above said on the condition of anonymity. US private equity firm KKR & Co. has been looking to find a buyer for Avendus Capital for over a year.
TVS Group may acquire Avendus and keep it as a standalone entity within the group, or make an acquisition via TVS Credit, one of the two people cited above said on the condition of anonymity. "The group is well-funded and can pull this off through internal accruals if need be. It does not need to partner with anyone," the person said. If needed, TVS may raise debt at a later stage.
Esta historia es de la edición December 19, 2024 de Hindustan Times Lucknow.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 19, 2024 de Hindustan Times Lucknow.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Kapil Sharma says 'Don't spread hate' amid criticism for alleged racist remark against Atlee
Comedian-talk show host Kapil Sharma has been facing intense criticism for seemingly making a joke about filmmaker Atlee's appearance on his comedy-talk show, The Great Indian Kapil Show.
Thinking bowler who could at will outwit batsmen
The off-spinners' club lost its brightest star when R Ashwin announced his retirement in Brisbane on Wednesday.
UP Police announce ₹25,000 reward for accused in Sunil Pal, Mushtaq Khan abductions
The Meerut Police in Uttar Pradesh has announced a reward of ₹25,000 for information on Lavi Pal, the main accused in the abductions of comedian Sunil Pal and actor Mushtaq Khan.
INDIA'S RECORD GOLD IMPORT WAS DUE TO AN ERROR IN CALCULATION
A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.
TVS Credit eyes bid for Avendus Capital
TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group's financial services business, three people with knowledge of the development said.
Donald Trump threatens to impose reciprocal tax on India
US President-elect Donald Trump has said that India charges \"a lot\" of tariff, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
Net direct tax kitty grows 16% on corporate refunds
Gross direct tax collection in 2024-25 (as on December 17) saw 20.32% year-on-year (y-o-y) jump to ₹19.21 lakh crore, but net collection in the period saw 16.45% increase at ₹15.82 lakh crore on higher refunds of ₹3.39 lakh crore, particularly on account of corporates, government data said.
Relief for quick commerce as CCI not keen to step in
Predatory pricing claims by trade body shadow growth of quick commerce
TRUMP WARNS TOP GOP CRITIC COULD BE 'IN A LOT OF TROUBLE'
Donald Trump warned on Wednesday that an ex-congresswoman who probed his role in the 2021 Capitol riot \"could be in a lot of trouble,\" after Republican lawmakers called for her to be criminally investigated.
Israeli strikes kill 20 in Gaza
The US, joined by Arab mediators, sought on Wednesday to conclude an agreement between Israel and Hamas to halt the 14-month-old war in the Gaza Strip where medics said Israeli strikes killed at least 20 Palestinians overnight.
