The Dutch parent of tech group Yandex said on Friday it had successfully completed the first phase of a $5.2 billion deal to sell the company, often dubbed “Russia’s Google”, to a consortium of Russian...
PB Fintech’s Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore
PB Fintech’s chairman & CEO Yashish Dahiya and vice chairman Alok Bansal are likely to sell a portion of their holdings amounting to 1.86% of the company’s equity on Friday through an open market...
Waste manager WM explores $3 billion sale of renewable natural gas unit, sources say
Waste management firm WM is exploring a sale of its renewable natural gas business that could be worth about $3 billion, according to people familiar with the matter. The Houston-based company is working with JPMorgan...
Grid operator TenneT could sell or list German assets
Dutch electricity grid operator TenneT will consider listing its German operations or selling them to a third party, it said on Thursday, as talks between The Hague and Berlin have so far failed to agree a sale to the...
Johnson & Johnson to acquire Proteologix for $850 million
Johnson & Johnson said on Thursday it would acquire Proteologix for $850 million in cash, as it looks to gain access to the privately held company’s experimental atopic dermatitis treatments...
Ashdan, Yash Shares in a duel to acquire Rolta India
The race to buy the bankrupt defence-focused software company Rolta India has boiled down to a match-up between Pune-based real estate developer Ashdan Properties and Mumbai-based Yash Shares. The National Company Law...
Adani Energy Solutions completes acquisition of Essar Transco
Adani Energy Solutions announced the conclusion of acquisition of 100% stake in Essar Transco (ETL) through its wholly owned subsidiary – Adani Transmission Step Two (ATST) on 15 May 2024. Consequently, ETL has...
Stability AI discusses sale amid cash crunch, The Information reports
British artificial intelligence startup Stability AI held discussions with at least one potential buyer in recent weeks about a sale as it faces a cash crunch, The Information reported on Wednesday, citing a person...
Fashion brand Esprit files for bankruptcy for its European business
Esprit Europe GmbH and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday, the company said, as Hong Kong-listed apparel group Esprit Holdings seeks to...
NCLAT lifts lien on IL&FS Transportation
The National Company Law Appellate Tribunal Tuesday ordered lifting of lien on IL&FS Transportation Networks Limited’s (ITNL) terming Maharashtra tax department’s attachment of the account and creating a...
Tata Mutual Fund merges banking & PSU debt fund with corporate bond fund
Tata Mutual Fund has announced the merger of Tata Banking & PSU Debt Fund with Tata Corporate Bond Fund. The two schemes will be merged and Tata Corporate Bond Fund will be the surviving scheme. The fund house...
Quant Mutual Fund gets RBI nod to increase stake up to 9.98% in RBL Bank
Quant Money Managers has received RBI approval to increase ‘aggregate holding’ of up to 9.98% of the paid-up share capital or voting rights in RBL Bank through various schemes of Quant Mutual Fund. At present, Quant...
