Mega GPU loan
Brookfield and South Korean web giant Naver are in talks with lenders for financing to back the purchase of GPUs to be deployed at a facility in South Korea, according to 9fin sources.
The loan could be as large as $9bn-equivalent and is likely to be denominated in Korean won, the sources said.
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Tata Tussle
Tata Trusts chairman Noel Tata has tabled a proposal for Tata Sons to provide at least INR 250bn ($2.6bn) of liquidity to the Shapoorji Pallonji Group through the buyout of part of its minority stake in the Tata holding company.
The meeting sets up a direct legal collision between India’s most powerful shareholder and the board of the country’s most valuable private holding company, with succession, listing and a multi-billion-dollar minority buyout all live at once.
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Shapoorji extension
India’s Shapoorji Pallonji Group is expected to seek an extension this week on a INR 35bn ($366m) mandatory prepayment due on 30 September to holders of Porteast Investment’s rupee bonds, 9fin sources said.
The move would come days after the Reserve Bank of India rejected Tata Sons' bid to shed its...
