Private equity firm Platinum Equity has hired advisers to explore a sale of Club Car that could value the golf cart maker at more than $2 billion, including debt, people familiar with the matter said. Platinum Equity is...
NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta
The Ahmedabad bench of the National Company Law Tribunal has admitted an insolvency resolution application against Jatin Rajnikant Mehta, the personal guarantor of bankrupt Winsome Diamonds and Jewellery, for a default...
Liontrust Asset Management says it is not in talks to buy smaller rival Artemis
UK’s Liontrust Asset Management said on Tuesday it was not in talks to buy smaller rival Artemis in response to a report about a potential takeover. Liontrust recently held early-stage discussions with Artemis...
Debenhams pension scheme agrees $768 mln Clara superfund deal
Pension scheme trustees for Debenhams and Clara-Pensions said on Thursday they had agreed to a 600 million pound ($768 million) transfer of the former British retailer’s pension assets in a so-called superfund...
CCI approves merger of Slice with North East Small Finance Bank
Competition watchdog Competition Commission of India on Tuesday approved the merger of fintech startup Slice with troubled lender North East Small Finance Bank (NESFB). As per the plan, Garagepreneurs Internet, which...
Shapoorji Pallonji may sell stake in Sterling and Wilson Renewable Energy to manage debt: Report
Shapoorji Pallonji & Company (SPCPL), the holding firm of the billionaire Pallonji family, is likely considering selling its stake in Sterling and Wilson Renewable Energy (SWRE), Reuters reported citing a report in...
Maharashtra Cabinet approves purchase of MMRDA-Reliance Infra joint venture from Anil Ambani
The Eknath Shinde-led Maharashtra Cabinet has given an in-principle approval for the acquisition of Mumbai Metro One, a public-private partnership project jointly owned by Reliance Infrastructure Limited (R-Infra), led...
Liontrust Asset Management says it is not in talks to buy smaller rival Artemis
UK’s Liontrust Asset Management said on Tuesday it was not in talks to buy smaller rival Artemis in response to a report about a potential takeover. Liontrust recently held early-stage discussions with Artemis...
Apollo reaches out to Paramount about deal, Axios reports
Apollo Global Management has in recent days reached out to a special committee formed by Paramount Global about a possible takeover or asset purchase, Axios reported on Tuesday citing two sources familiar with the...
CK Birla-promoted HIL acquires pipes brand Topline for Rs 265 crore
CK Birla-promoted HIL Limited has acquired Topline brand of polyvinyl chloride (PVC) pipes and four companies associated with the brand for Rs. 265 crores, according to a stock exchange disclosure. The companies include...
Quorum Club sells 5% stake to Nikhil Kamath’s Gruhas in pre-series A round
Quorum Club Private Ltd, the parent company of luxury members-only club, The Quorum, has closed an undisclosed pre-series A funding round for a 5% divestment in stake led by Gruhas, a venture founded in 2021 by Nikhil...
‘The Body Shop’ files for bankruptcy: UK-based cosmetics major to shut down all US stores
The Body Shop, a UK-based cosmetics firm, shut down all of its US-based operations, reported CNN on Monday, adding that it will soon be closing dozens of Canadian store locations after filing for bankruptcy. In an...
