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The article discusses that Vodafone Idea Ltd. has hired Bank of America Corp. and Morgan Stanley to help sell its fiber assets as India's largest mobile carrier by users seeks to bolster its finances. It mentions that if the deal would successful, it would help the phone-service provider add to the funds it's been raising to pare debt and fend off rivals Bharti Airtel Ltd.; and also mentions the bankers will initiate discussions with potential buyers for the fiber assets.

The article offers information on the plans of the Axis bank to arrange a planned share sale. Topics discussed include information on the picking of banks to arrange a planned share sale such as Citigroup, JPMorgan Chase & Co. and the Credit Suisse Group; discussions on the proposal to raise funds by the sale of shares; and the information on the decline in the shares of Axis Bank.

The article reports that Axis Bank Ltd. has picked banks including Citigroup Inc. and JPMorgan Chase & Co. to arrange a planned share sale. It mentions bank has also selected Credit Suisse Group AG, BNP Paribas SA, HSBC Holdings Plc., UBS Group AG and Axis Capital Ltd. for the proposed offering. It also mentions deal would help the lender led by Chief Executive Officer Amitabh Chaudhry bolster loans and boost overall capital buffer.

The article informs that Axis Bank Ltd. has picked banks including Citigroup Inc. and JPMorgan Chase & Co. to arrange a planned share sale. Topics discussed include deal to help the lender by loans and boost overall capital buffer; plans to seek board approval for the deal; and decline in Shares of Axis Bank.

The article discusses Brookfield Asset Management Inc. is planning an offer for a majority stake in India's debtladen Suzlon Energy Ltd. It mentions that Brookfield is working with a financial adviser for due diligence on Suzlon; and deal like Brookfield's could be critical for Suzlon and its lenders as the firm's ratings on its long-term bank facilities were downgraded at Care Ratings Ltd. to D from BB in April 2019.

The article discusses Brookfield Asset Management Inc. is planning an offer for a majority stake in India's debtladen Suzlon Energy Ltd. It mentions that Brookfield is working with a financial adviser for due diligence on Suzlon; and deal like Brookfield's could be critical for Suzlon and its lenders as the firm's ratings on its long-term bank facilities were downgraded at Care Ratings Ltd. to D from BB in April 2019.

The article reports on the settlement of all debt obligations by Indian multinational conglomerate Tata Group to finalize the sale of its mobile phone business to telecommunications firm Bharti Airtel Ltd. Topics discussed include the estimated amount paid by Tata to lenders and the Indian government, the decision of Tata to exit the consumer mobile business, and brief details about the business operations of Tata in the Indian telecommunication services industry.

The article discussed that according to sources, Dewan Housing Finance Corp has delayed payment of its obligations, but now looks ahead to ask banks to lend every month to help revive the company and will offer banks new loan pools as security for the funds. It further discusses that Dewan Housing received a biggest hit due to Infrastructure Leasing & Financial Services Ltd. default.

The article informs that Dewan Housing Finance Corp. has delayed payment on some of its obligations and is planning to ask banks to lend 15 billion rupees every month to help revive the company. It mentions that Dewan Housing will submit the resolution plan on July 10, 2019 to a consortium of seven lenders led by state-run Union Bank of India and investor confidence was shaken after financier Infrastructure Leasing & Financial Services Ltd. defaulted in June 2018.

The article reports on consideration of sale of shares by Axis Bank Ltd. to institutional investors for raising funds for expanding capital ratios and lending capacity. Topics discussed include the deal to support loan growth and enhance risk buffers, lower overall capital adequacy ratio and Amitabh Chaudhry, Chief Executive Officer (CEO) talking to potential advisers about the fundraising.

The article reports that Axis Bank Ltd. is considering raising at least 1.3 billion dollars through a share sale to institutional investors as the Indian lender seeks to bolster capital ratios and expand lending capacity. Topics include India's third-largest private sector lender, led by chief executive officer (CEO) Amitabh Chaudhry, is talking to potential advisers about the fundraising.

The article discusses the business plans of lenders of Suzlon Energy Ltd related to business maintenance. Topics discussed include funding of scheduled repayment obligations to lenders, views of its chief executive officer J.P. Chalasani on working with lenders, and debt restructuring plan of the company.

Dewan has 1.25 billion rupees of bond payments due this month Investors in rupee corporate bonds are waiting to see whether a major Indian shadow lender will repay 1.25 billion rupees ($18 million) of bond payments due this month, and help avoid a further worsening in sentiment in the nation's credit markets. [Extracted from the article]

Hero FinCorp discussing purchase of Reliance General Insurance Deal will help Anil Ambani pare his conglomerate's debt Reliance Capital Ltd., controlled by Ambani, is discussing the contours of a deal to sell Mumbai-based Reliance General Insurance to Hero FinCorp Ltd. the people said, asking not to be named as the information is not public. [Extracted from the article]

Arcelor had earlier made a 48 billion rupees non-binding offer The Madhya Pradesh power plant, which supplies electricity to Essar Steel, would boost Arcelor's attempts to gain a foothold in India. [Extracted from the article]

The Bill & Melinda Gates Foundation has hired a senior executive from Tata Group, India's largest business group, for its operations in the country. In his new job, Ubale will oversee the Seattle-based charity's healthcare, poverty alleviation and educational activities in India, he said in a phone interview on Thursday. [Extracted from the article]