South Asia

The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.

The global IT services firm, which uses AI, is still majority owned by Carlyle; the listing on the BSE and NSE is the largest technology services and sponsor-owned IPO in India; there were five banks involved.

K. Balasubramanian, Asia South head of corporate banking, has been appointed India subcontinent sub-cluster & banking head and India Citi country officer & banking head designate, to replace Khullar's current role.

With China's DeepSeek already shaking up 2025's AI market, around $70bn was raised last year by Asia's tech firms.

Six banks have been placed under central bank control, with up to $50bn of non-performing loans under scrutiny after looting scandal.

Entries are now open for the 29th edition of the FinanceAsia Awards which celebrate the best banks, brokers, consultants, rating agencies, law firms and other financial institutions across the region.

FinanceAsia's annual poll celebrates Asia's best companies which are voted for by our readers.

Illicit financial outflows hit $16bn annually while the local stock exchange and the environment was neglected, according to a white paper published by the interim government.

Refinancing needs, fewer defaults, falling interest rates, sustainable bonds, and support from banks, are all fueling demand.