Five years after being floated, India’s bad bank framework is set for a structural change, with plans underway to merge the National Asset Reconstruction Co (NARCL) and India Debt Resolution Co (IDRCL), people...
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Estee Lauder in talks to acquire Puig to create beauty giant
Estee Lauder said it’s in talks to buy Puig Brands in a deal that would create a cosmetics giant with about $20 billion in annual sales. The companies declined to offer details on the terms. Puig, based in Spain...
Kajaria Ceramics acquires balance 10% stake in Kajaria Surfaces
Kajaria Ceramics has acquired 9,50,000 (i.e. 10%) equity shares of Kajaria Surfaces. Consequently, Kajaria Surfaces has become a wholly-owned subsidiary of the Company. The purpose of the acquisition was to make Kajaria...
China bars Manus co-founders from leaving country as it reviews sale to Meta, FT reports
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the...
Victory Capital abandons Janus Henderson bid, clearing path for Trian-led deal
Victory Capital said on Tuesday it had withdrawn its roughly $8.6 billion proposal to buy Janus Henderson, exiting a drawn-out bidding war hours after Nelson Peltz’s Trian Fund Management and General Catalyst...
Australia’s Pepper Money knocks down $706 million takeover bid, cites execution issues
Australia’s Pepper Money said on Wednesday it has rejected the takeover proposal from Challenger as the offer was not “reasonably capable of execution”, a week after the bidders lowered the price...
Grab to buy Delivery Hero’s Foodpanda Taiwan business for $600 million
Southeast Asia’s biggest ride-hailing and delivery firm, Grab, said on Monday it would pay $600 million in cash for Delivery Hero’s Foodpanda delivery business in Taiwan, in its first expansion outside the...
SEPC jumps 7% as board clears acquiring 90% stake in Avenir International
SEPC shares jumped 7 per cent in trade on the BSE, logging an intra-day high at ₹4.98 per share. At 9:58 AM, SEPC’s share price was trading 5.16 per cent higher at ₹4.89 per share. In comparison, the BSE Sensex was up 1...
Estee Lauder in talks to merge with Jean Paul Gaultier-owner Puig in fragrance push
Estee Lauder is in talks regarding a potential business combination with Spanish beauty group Puig, the companies said on Monday, in a deal that would bring some of the world’s biggest beauty and fragrance...
Exor to generate $2.3 billion from stake sales in Iveco, GEDI, Lifenet and Nuo
Exor expects to rake in 2 billion euros ($2.32 billion) in proceeds this year from selling its stakes in four companies, the Agnelli family’s investment firm said on Monday. The firm has signed stake sale deals...
American Residential Services explores $3.5 billion-plus sale, sources say
The private equity owner of American Residential Services (ARS) is exploring a sale of the heating, ventilation, and air conditioning (HVAC) and plumbing services provider that could value it at over $3.5 billion...
Apollo, Bain in bidding for Continental industrial unit, Bloomberg News reports
Private equity firms including Apollo Global Management and Bain Capital are weighing bids for tyremaker Continental’s industrial division in a deal that could value it at roughly 3.5 billion euros ($4.06...
