L’Oréal SA is acquiring a majority stake in Indian beauty startup Innovist, deepening its bet on one of the world’s fastest-growing personal care markets as global consumer companies race to secure high-growth digital...
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Bosch Home Comfort hits the roof after promoter launches OFS to divest over 7% stake
Bosch Home Comfort India hit an upper circuit of 10% at Rs 1,405.95 after the company’s promoter announced an offer for sale (OFS) to pare 7.22% stake in the company. The company’s promoter, Bosch Global...
FILA Group sells 7% stake in DOMS for ₹934 cr; SBI, Axis MFs raise holdings
Italian multinational FILA Group, one of the promoters of DOMS Industries, has divested a 7 per cent stake in the company for ₹934 crore through open market transactions, according to the bulk deal data on the NSE...
Ladbrokes-owner Entain explores options for CEE unit, sources say
Ladbrokes-owner Entain has begun exploring options for its joint venture in Central and Eastern Europe, including a possible sale, three people familiar with the matter said. Entain, which operates BetMGM in the...
Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct...
EQT buys Berlin-based SpaceX satellite launch partner Exolaunch
Private equity fund EQT is acquiring Berlin-based space company Exolaunch, which helps satellite companies launch into orbit by partnering with rocket operators such as Elon Musk’s SpaceX. The deal, announced by...
UK product testing firm Intertek agrees to $14.5 billion EQT buyout
Product testing firm Intertek has agreed to be taken over by Swedish private equity firm EQT for around £10.9 billion ($14.5 billion), including debt, the companies said on Thursday, following months of negotiations...
SPACs stage comeback as mega IPOs crowd market
Special-purpose acquisition companies (SPACs) are staging a comeback as a wave of blockbuster IPOs creates an opening for smaller firms seeking to go public without competing for investor attention against giants such...
Carro enters Australia with CarPlace buy, expanding to eighth market
Singapore-based online car marketplace Carro has bought Australian used-car platform CarPlace, marking its entry into Australia and expanding its reach to eight markets, the company said on Thursday. Carro told...
Canada’s Keyera buys remaining 50% stake in KAPS pipeline for $861 million
Canada’s Keyera Corp said on Wednesday it has acquired the remaining 50% stake in the KAPS natural gas liquids pipeline from Stonepeak for C$1.215 billion ($860.97 million), taking full ownership of the...
Saudis seek EU approval for $55 billion EA deal, decision by July 22
A group of investors, including Saudi Arabia’s Public Investment Fund, has sought EU antitrust approval for its $55 billion acquisition of videogame developer Electronic Arts, according to a European Commission...
Devyani International, Sapphire Foods rally up to 9% on merger approval
Shares of Devyani International Limited (DIL) and Sapphire Foods jumped as much as 9 per cent in trade on Tuesday after the exchanges BSE and NSE granted no objection and no adverse observations to the composite scheme...
