Healthcare Global’s sale process has entered the final lap as CVC Capital, the sellers, has shortlisted four suitors for the final round of the bid process, sources with direct knowledge of the deal shared. Foreign private equity funds, TPG Capital and Bain Capital have made it to the final round along with homegrown PE firm Multiples and a strategic player, Adu Dhabi-based Burjeel Holdings.
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Federal Bank reported a mixed quarter as net earnings stood at INR9.1b (in line), led by lower other income and higher opex (wage provisioning of INR1.62b). NII was in line with our estimate, aided by a 2bp QoQ expansion in margins. Advances growth was healthy at 20% YoY/5.1% QoQ. Deposits grew 18% YoY/5.4% QoQ, aided by continued traction in term deposits.
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Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants and hotels prices.Month-on-month, consumer price inflation was 3.18%, according to the Turkish Statistical Institute, compared with 3.16% in March.
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