CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, the company said. In a BSE filing on Tuesday, the company said it has completed the acquisition of G G Tronics on August...
P I Industries completes acquisition of UK based Plant Health Care Plc
Though its wholly owned subsidiary – PI Industries Management Consultancies L.L.C. P I Industries announced that the acquisition of Plant Health Care Plc, a UK-incorporated company traded on AIM, a market operated...
Turn/River Capital explores $2.5 billion sale of Redwood Software, sources say
Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter...
Reliance Group moves NCLT to restrain IIHL from using ‘Reliance’ brand name
Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), a Reliance Group company, has filed an interim application in the NCLT, seeking direction to the Reliance Capital’s successful resolution applicant IIHL to stop...
AMD buys AI equipment maker for nearly $5 billion, escalating battle with Nvidia
Advanced Micro Devices agreed to pay nearly $5 billion to buy ZT Systems, a designer of data-center equipment for cloud computing and artificial intelligence, bolstering the chip maker’s attack on Nvidia’s dominance in...
Antfin Singapore plans to sell 1.54% stake in Zomato worth ₹3,420 crore
Antfin Singapore Holdings is looking to sell a 1.54% stake in Zomato in a block deal valued at $408 million, deal terms reviewed by Mint show. The shares will be sold at a floor price of ₹251.68 per share, the terms...
Porsche agrees to provide capital in Varta restructuring deal
German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business. The agreement, struck after days of...
South Korean AI chip makers Rebellions and Sapeon agree to merge
South Korean artificial intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday. They announced merger negotiations in June...
Warburg Pincus-backed cybersecurity firm eSentire explores sale, sources say
The owners of eSentire are exploring options including a potential sale that could value the cybersecurity company at about $1 billion, including debt, according to people familiar with the matter. ESentire — which is...
Blackstone weighs sale of $2.6 bln events group Clarion, sources say
Blackstone Group is exploring options for Clarion Events, including a sale, that could value the business at up to 2 billion pounds ($2.6 billion), three people familiar with the matter told Reuters, as appetite for...
JAL seeks interim relief from NCLAT
Jaiprakash Associates Ltd (JAL) on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking protection from “the possibility of irreversible harm” arising from the company’s...
Australia’s Orora rejects $2.25 bln takeover offer from PE firm Lone Star
Australia’s Orora Ltd shares spiked more than 15% after it said on Tuesday it had rejected a A$3.42 billion ($2.25 billion) takeover offer from U.S. private equity firm Lone Star Fund, claiming the offer...
