Amazon.com Inc is in talks to buy podcast startup Wondery with a valuation of over $300 million, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Deal talks are ongoing and...
Apollo, Carlyle, Bain are among bidders for planned Hitachi Metals sale: sources
Apollo Global Management, Carlyle Group, KKR & Co and Bain Capital are among potential bidders for Japan’s Hitachi Metals Ltd, people with knowledge of the matter said, a deal that could fetch more than $6.4...
Hindustan Copper board to consider raising funds by issue of shares via QIP
Hindustan Copper on Wednesday said its board will next week consider raising funds by issue of shares via qualified institutional placement (QIP). This will be to the extent of 15 per cent of existing paid-up equity...
Hitachi plans to sell Hitachi Metals in a deal worth over $6 billion: sources
Hitachi Ltd plans to launch a sale of its materials unit as early as next month in a deal that could be worth more than 700 billion yen ($6.6 billion), three people with knowledge of the matter said. Hitachi is planning...
GOCL Corp’s UK subsidiary to sell partial stake in Quaker Chemical for $35 mn
Hinduja Group firm GOCL Corporation on Monday said the company, through its UK subsidiary, has decided to divest 2,00,000 shares of Quaker Chemical Corporation, little less than half of its total holding, for USD 35...
NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant
India’s single largest iron ore producer, state-owned NMDC, said on Friday that its board had approved a proposal to demerge NMDC Iron & Steel Plant (NISP). The board met on Thursday and accorded in-principle...
NMDC’s Board approves demerger of iron and steel plant in Chhattisgarh
The board of directors of the state-owned iron ore producer, NMDC Ltd, has approved the proposal to demerge its 3 million tonne Iron & Steel Plant in Nagarnar, Chhattisgarh. “The Board of Directors of the Company at...
Vedanta raises $1.4 bn via bonds to fund delisting of Indian flagship firm
Vedanta Resources Ltd on Thursday said it has raised $1.4 billion (around Rs 10,500 crore) via bonds, which would be primarily used to fund the delisting of its Indian flagship firm. “Vedanta Resources Ltd (VRL)...
Australia’s South32 to sell manganese alloy smelter TEMCO to UK’s GFG Alliance
Australian diversified miner South 32 Ltd said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. GFG will...
ArcelorMittal completes Rs 2,350-cr acquisition of Odisha Slurry Pipeline Infrastructure
ArcelorMittal, the world’s biggest steelmaker, has completed its Rs 2,350-crore acquisition of Odisha Slurry Pipeline Infrastructure after paying lenders the full principal amount, securing a crucial asset for its newly...
GFG Alliance is keen on acquiring more stressed assets from India: Sanjeev Gupta
The Gupta Family Group Alliance, led by UK-based Sanjeev Gupta, is keen on investing and acquiring more stressed assets in the metals and mining space in India. The group entered the country earlier this year, acquiring...
Mediawan to buy Lagardere Studios and form new holding company
French group Mediawan announced on Monday a raft of deals, including the acquisition of Lagardere Studios, as part of a broader expansion laid out by its founders, who will also establish a new holding company for the...
