Baiju Kalesh

Hi, it’s Baiju Kalesh in Mumbai, where I spoke with JPMorgan’s Nitin Maheshwari on private equity and M&A activity in the buzzing Indian market. Also today, Andrea Orcel is shaking up German banking again and Murdoch’s REA gets a snub from Rightmove.

Blackstone Inc. is considering options including a sale of its majority stake in visa outsourcing and technology services firm VFS Global after receiving interest from prospective investors, people familiar with the matter said.

(Bloomberg) -- Blackstone Inc. is considering options including a sale of its majority stake in visa outsourcing and technology services firm VFS

South Korea's LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter.

Temasek Holdings Pte is nearing a deal to buy a significant minority stake in VFS Global , according to people familiar with the matter, a transaction that could value the visa outsourcing and technology services firm at about $7 billion including debt.

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country.

Adani Enterprises Ltd. and Wilmar International Ltd. are expected to start the sale of a minority stake in their consumer joint venture Adani Wilmar Ltd. as early as next month to abide by shareholding regulations, according to people familiar with the matter.

Brookfield Asset Management Ltd. plans to add to the $13 billion it has already invested in Indian infrastructure, describing it as the “brightest spot” in emerging markets.

SpiceJet Ltd.’s $358 million share sale attracted bids from several large investors including Tata Mutual Fund, people familiar with the matter said, providing a lifeline to the Indian airline that has furloughed staff and delayed tax payments.

Indian carrier owes fees to airports and has furloughed staff Placement offered at indicative price of 61.6 rupees per share