Patanjali Ayurved has made a late bid to acquire the debt-laden Rolta India with an all-cash offer of about ₹830 crore, just days after Pune-based Ashdan Properties was declared the highest bidder by banks late last...
Temasek sells entire holding in Policybazaar for Rs 2,425 crore
Singapore’s sovereign wealth fund, Temasek, divested its entire 5.42% stake in PB Fintech, the holding company of PolicyBazaar, through open market transactions Thursday. According to BSE block deals data, Claymore...
Byju’s US unit, Alpha files for bankruptcy in Delaware
Alpha Inc, a US unit of Byju’s, once one of India’s most valued edtech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt...
Vivendi’s Canal Plus offers to buy rest of South Africa’s MultiChoice
Vivendi’s Canal Plus has offered to buy all the shares it does not own in South Africa’s MultiChoice Group for roughly $1.7 billion to strengthen its hand in a competitive international pay TV market. Canal...
Hong Kong billionaire Richard Li seeks to sell asset manager PineBridge – sources
Hong Kong investment firm Pacific Century Group (PCG), founded by billionaire Richard Li, is seeking to sell its majority stake in asset manager PineBridge Investments, according to three people with knowledge of the...
Naspers, Temasek get CCI approval to purchase stakes in PharmEasy
Fair trade regulator CCI on Tuesday said it has cleared the proposals of purchasing stakes in PharmEasy by various entities, including South Africa-based Naspers Group and Singapore’s sovereign wealth fund Temasek...
Amazon, iRobot abandon merger in face of EU opposition
Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU antitrust regulators. iRobot announced a significant restructuring plan to reduce costs and said it...
Hollysys still backs Ascendent’s buyout deal despite Dazheng’s higher bid
Hollysys Automation Technologies said its special committee has retained a recommendation that shareholders vote for Ascendent Capital’s acquisition deal as the offer from a Dazheng Group-led consortium was not...
China to merge three major asset managers into China Investment Corp -Xinhua
China plans to merge three of the nation’s biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC), state-run Xinhua Finance News reported, as part of a plan to reform financial...
MacKenzie Scott trims Amazon Stake by $10 billion, Bloomberg reports
MacKenzie Scott, ex-wife of Amazon.com billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News on Friday. The share sale forms about 25% of the...
EnCap eyes $5 bln sale of shale producer Grayson Mill – sources
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter...
Haleon to sell ChapStick to Yellow Wood for about $510 million
Britain’s Haleon said it had agreed to sell lip balm brand ChapStick to a company owned by private equity firm Yellow Wood Partners for around $430 million in cash and a stake valued at around $80 million in the...
