Yuma Energy, a Battery-as-Service (BaaS) firm, on Thursday announced the acquisition of Chennai-based energy storage solutions start-up Grinntech Motors & Services for an undisclosed sum. Integrating...
GoodGlamm in talks to sell ScoopWhoop to WLDD
Indian meme marketing startup Wubba Lubba Dub Dub (WLDD) is in talks to acquire ScoopWhoop from troubled content-to-commerce firm Good Glamm Group. The proposed sale of ScoopWhoop comes a week after the Prosus-backed...
Burman family acquires controlling stake in Religare Enterprises after ₹2,116-crore open offer
The Burman family acquired a controlling stake in Religare Enterprises Limited (REL) on Thursday, February 20, after the completion of the open offer and is designated as its promoters. Its shareholding post the...
Celsius to buy energy drink brand Alani Nutrition in $1.8 billion deal
Celsius Holdings said on Thursday it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock, boosting its portfolio to build on the growing demand for...
Ping An to sell 42% stake in Autohome to Haier Group for $1.8 billion
Hong Kong-listed Autohome said on Thursday the financial conglomerate Ping An Insurance will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion. Yun Chen...
Britain’s Frasers drops bid for Norway’s XXL
British sportswear and fashion group Frasers said on Thursday it would not proceed with its bid for Norwegian sporting goods retailer XXL ASA, saying several of XXL’s other large shareholders would not accept the...
NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube Highways
The National Company Law Tribunal (NCLT) has approved the sale of Chenani Nashri Tunnelway (CNTL), owned by IL&FS Transportation Networks, to Cube Highways and Infrastructure II, clearing the sale of the large asset...
AI startup Humane to wind down wearable pin business, sell assets to HP
Artificial intelligence startup Humane is shutting down its wearable pin business and selling its assets to personal computer maker HP Inc for $116 million after getting disappointing reviews and lack of orders for the...
Canadian Tire to sell Helly Hansen business to Kontoor Brands for $901 million
Canadian Tire said on Wednesday it would sell its premium workwear business Helly Hansen to Kontoor Brands for C$1.28 billion ($901.2 million), as part of efforts to focus on its core business. The transaction is...
Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105 million
Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl’s footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was...
UK’s Rosebank Industries in talks to buy US-based wire harness maker ECI
British investment firm Rosebank Industries said on Wednesday it is in talks to buy US-based Electrical Components International (ECI), which makes wire harnesses, from private equity firm Cerberus Capital Management...
Mediobanca shareholders’ pact reject MPS takeover bid
The shareholders’ pact for Italy’s Mediobanca, representing around 11.6% of the bank’s capital, have rejected Monte dei Paschi di Siena (MPS) takeover bid, a shareholder said on Wednesday after a pact...
