Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors. A two-member NCLAT bench has upheld the...
LIC boosts stake in Voltas, raises holding by 2% via market purchase; now holds over 7%
Life Insurance Corporation of India (LIC) has increased its stake in Voltas, one of the country’s leading air conditioning and cooling solutions companies, by over 2%. This fresh acquisition comes at a time when the...
Advent International frontrunner to buy Whirlpool’s India arm in likely $1bn deal
Advent International is closing in to swoop up a controlling stake in the listed home appliances maker Whirlpool of India, said multiple people in the know, in the latest sign of a dealmaking frenzy for local businesses...
Board of Havells India take notes of acquisition of balance stake in Havells HVAC LLC
At the meeting held on 06 October 2025 The board of Havells India at its meeting held on 06 October 2025 has taken note of the fact that Havells International Inc has decided to acquire Salesmark Ventures LLC’s...
Bajaj Electricals to acquire Morphy Richards brand rights in South Asia for Rs 146 crore
Bajaj Electricals Ltd on Tuesday said its board has approved a proposal to acquire Morphy Richards and related intellectual property rights in India and five neighbouring markets from Ireland’s Glen Electric Ltd, part...
Bain Capital drops Whirlpool of India plan, EQT lone contender for stake buy
Buyout group Bain Capital has dropped out of the two-horse race for acquiring a 31% controlling stake in Whirlpool of India, the listed local arm of the US appliances giant. This leaves EQT as the sole contender for the...
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Benevrages, PepsiCo’s second-largest global bottling partner, will manufacture visi-coolers under its joint venture White Peak Refrigeration, formed with Everest International Holdings. With a 50%...
Multiples Equity-led consortium seeks CCI nod to acquire 32 pc stake in VIP Industries
A clutch of investors led by Multiples Equity have sought approval from the fair trade regulator CCI to acquire a 32 per cent stake in luggage and travel accessories maker VIP Industries. The move came after Dilip...
EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India
Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG...
L’Oreal to buy majority stake in British skincare brand Medik8
L’Oreal (OREP.PA) has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant’s position in the fast-growing dermatological skincare market. Neither...
Spectris open to $5 billion takeover bid from Advent, shares soar
British scientific instruments maker Spectris (SXS.L) said it would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm proceeds with a formal offer, sending its shares surging by...
L&T Finance completes acquisition of Paul Merchants Finance’s gold loan business
L&T Finance Ltd. (LTF), on Monday, announced the completion of transfer of gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. LTF is one of...
