Khazanah

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  Apollo Hospitals Shares Fall; Khazanah Arm Selling Stake

  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.

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  GMR Sells Power Stake To Malaysian Utility

  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.

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

  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.

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  Zivame Raises Rs. 250 Crores, Launches App

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

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

  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

  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

  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

  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

  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

  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

  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

  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

  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

  "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

  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,...