The US alternative asset manager is speaking with prospective arrangers about an IPO that could take place in Mumbai this year and value Tenneco Automotive India Pvt. at about $2 billion
The New York-based investor in private equity and corporate credit reported $856 million in income from its retirement business, marking its second-highest quarterly total for this category
If the talks are successful, a deal could be signed in the coming weeks, the sources said, cautioning a transaction is not guaranteed and another suitor could emerge if talks with Apollo fall apart
Paramount reported first-quarter earnings that beat Wall Street estimates, buoyed by its broadcast of the Super Bowl in February and narrower losses from streaming
Torrent has also been in talks with CVC Capital Partners and Bain Capital who might become equity partners in a consortium and contribute as much as a combined $1.5 billion to the deal, sources said
Adjusted net income rose to $1 billion, up from $576 million a year earlier. That translated to an adjusted net income per share of $1.70, which exceeded the average analyst forecast