Khazanah

Apollo Hospitals Shares Fall; Khazanah Arm Selling Stake

Thomson Reuters | Thursday May 18, 2017

Stock exchange data as of 9:31 am showed more than 6.6 million shares in the hospitals operator changed hands in a string of block deals.

GMR Sells Power Stake To Malaysian Utility

Thomson Reuters | Monday May 9, 2016

Malaysian utility Tenaga Nasional, backed by sovereign wealth fund Khazanah Nasional, will buy a 30 per cent stake in the energy unit of indebted Indian infrastructure group GMR for $300 million in cash, the companies said on Monday.

Yepme Raises $75 Million from Investors Led by Malaysia's Khazanah: Report

Thomson Reuters | Wednesday September 16, 2015

The company, which makes its own brand name clothes, will put the money towards brand building and the launch of an ethnic India line ahead of the festive season of Diwali, the sources said.

Zivame Raises Rs. 250 Crores, Launches App

NDTV Correspondent | Thursday September 3, 2015

Zivame plans to use the funds to strengthen its merchandise offering, and increasing consumer touch points.

Malaysians Too 'Stupid' to Run Airline, Says Former PM Mahathir Mohamad

World News | Press Trust of India | Sunday December 7, 2014

Malaysians are too "stupid" to manage aviation, the country's former premier Mahathir Mohamad has reportedly said following news that a German is set to head the country's troubled national carrier from next year.

Malaysia Airlines Steward Fired Over Alleged Sex Assault on Passenger

World News | Agence France-Presse | Friday November 14, 2014

Malaysia Airlines has sacked a crew member without a hearing for allegedly sexually assaulting a passenger he was comforting for being scared of flying with the disaster-prone airline, a union body said on Thursday.

State Fund to Pay 1.4 Billion Ringgit to Take Malaysia Airlines Private

World News | Reuters | Friday August 8, 2014

Malaysian Airline System Bhd (MAS) said on Friday that state investor Khazanah Nasional will offer 27 sen for each share in the company it does not own, amounting to nearly 1.4 billion ringgit ($435 million) to take the troubled airline private.

State Fund Plans to Take Malaysia Airlines Private for Restructuring: Sources

World News | Reuters | Thursday July 3, 2014

Malaysian state investor Khazanah Nasional Bhd plans to take Malaysian Airline System Bhd (MAS) private as the first step in a major restructuring of the loss-making airline following the disappearance of its Flight MH370, two people with direct knowledge of the matter said on Wednesday.

State Fund Plans to Take Malaysia Airlines Private For Restructuring: Report

Thursday July 3, 2014

A de-listing would pave the way for Khazanah to revive the ailing carrier, possibly by selling off its profitable engineering, airport services or budget airline units, trimming its bloated payroll and installing a new management team.

State to Ready Malaysian Airlines Restructuring Within 6-12 Months

World News | Reuters | Tuesday June 10, 2014

Malaysia will unwrap plans to restructure loss-making Malaysian Airlines within six to 12 months, a state investor said, as a slump in business since the disappearance of Flight MH370 leaves the carrier set to exhaust its cash reserves by mid-2015.

Struggling, Malaysian Airline may need government bailout

World News | Reuters | Wednesday March 26, 2014

Even before the loss of its Flight MH370, Malaysian Airline System (MAS) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.

Private equity firm Abraaj set for more deals, eyes India

Monday March 19, 2012

Abraaj Capital, the Middle East's largest private equity firm, is set to unveil more deal-making soon and plans a major push into India.

Foreign PEs to continue with profit booking in near-term

Wednesday March 14, 2012

Foreign private equity funds are likely to exit completely or partially the financial services space in the near-term as part of profit-booking

Khazanah exits Yes Bank at 150% premium; nets $105 mn

Monday March 12, 2012

"Yes, they have monetised their investment at a phenomenal premium of 150 per cent. They came on board in March 2007 and they sold their entire 4.2 per cent stake in us at Rs 365 per share," Yes Bank founder, managing director and chief executive Rana Kapoor said .

Fortis Healthcare exits race for Parkway

NDTV Correspondent | Friday November 25, 2011

Fortis Healthcare has decided to divest its entire stake in Parkway after Malaysian sovereign fund Khazanah came up with a general offer for Parkway at Singapore $3.95 per share. Khazanah and Fortis had been locked in a tussle to take control of Parkway, which is a healthcare group based in Singapore, operating 16 hospitals with more than 3,...

Fortis moves watchdog against Khazanah's 'misleading' claim

NDTV Correspondent | Friday November 25, 2011

The battle to gain control over Singapore Healthcare chain Parkway Holdings is hotting up. After Khazanah on Wednesday claimed majority approval of Singapore hospital chain Parkway's shareholders for its partial offer, Fortis lashed out against Khazanah through a complaint – a copy of which is with NDTV Profit – questioning the ...

Khazanah extends offer date for Parkway

NDTV Correspondent | Friday November 25, 2011

Malaysian sovereign fund Khazanah today extended its partial offer for Parkway Holdings Ltd by 18 days, intensifying its battle with India's Fortis Healthcare over control of the hospital chain. Khazanah, through subsidiary Integrated Healthcare Holdings Limited (IHHL), has extended the offer to 5.30 pm or after the close of the trading day...

Bidding war for Parkway: All eyes now on Khazanah

NDTV Correspondent | Friday November 25, 2011

Fortis Healthcare promoters Malvinder and Shivinder Singh on Thursday made the counter offer for Singapore-based hospital chain Parkway Holdings at a premium of just 0.5 per cent over what rival bidder Khazanah offered. Now all eyes are on Khazanah to see what their strategy will be. Given that the bidding war is on, the ball in now in Khaz...

Fortis to keep all its options open in Khazanah partial offer

NDTV Correspondent | Friday November 25, 2011

Fortis Healthcare on Tuesday said it is keeping all its options open in relation to $835 million partial offer launched by Malaysian government fund Khazanah for acquiring 51.5 per cent stake in Singapore-based hospital chain Parkway. The Indian firm has management control in Parkway. "At this stage, the company wishes to announce that it i...

Fortis vs Apollo over Parkway?

NDTV Correspondent | Friday November 25, 2011

Fortis Healthcare's aspiration to take control of Singapore’s hospital chain Parkway Holdings has hit a roadblock. Malaysia's sovereign wealth fund's unit Khazanah's has offered to acquire majority stake in Parkway. The story has taken an interesting twist because Fortis' rival in India, Apollo Hospitals and Khazanah are partners. Is it no...

Fortis Healthcare spurts after Khazanah's $835 million offer for Parkway

NDTV Correspondent | Friday November 25, 2011

Fortis Healthcare jumped 6.02% to Rs 148 at 11:15 IST after Malaysia's sovereign wealth fund Khazanah offered to raise its stake in Singapore healthcare firm Parkway Holdings to 51.5% for $835 million. Fortis Healthcare owns a 23.9% stake in Parkway. Meanwhile, the BSE Sensex was up 48.76 points, or 0.30%, to 16,436.60. On BSE, a huge 20.01 lakh sh...

Fortis Healthcare spurts after Khazanah's $835 million offer for Parkway

NDTV Correspondent | Friday November 25, 2011

Fortis Healthcare owns a 23.9% stake in Parkway. Meanwhile, the BSE Sensex was up 48.76 points, or 0.30%, to 16,436.60. On BSE, a huge 20.01 lakh shares were traded in the counter as against an average daily volume of 8.45 lakh shares in the past one quarter. The stock hit a high of Rs 151.50 and a low of Rs 138.55 so far during the day. The s...

Apollo Hospitals in talks with Khazanah for medical education

NDTV Correspondent | Wednesday November 23, 2011

Healthcare major Apollo Hospitals on Tuesday said it is in talks with Malaysian sovereign fund Khazanah for a possible collaboration in healthcare education in India as well as Asia. "We are in talks with them but its still on a very preliminary stage," Apollo Hospitals Executive Director Finance Suneeta Reddy said. Malaysian fund Khaz...

Evaluating overseas collaborations: Fortis

NDTV Correspondent | Wednesday November 23, 2011

Fortis Healthcare today said it is evaluating options for collaborations in operating and managing hospitals in overseas markets, including Africa and the Middle East as it looks to expand international presence. The company, which made an exit from Singapore-based hospital chain Parkway in July by selling its entire 25.37 per cent stake to...