JTL Industries shares jumped 6.2 per cent on BSE, logging an intra-day high at ₹72.2 per share. At 12 PM, JTL Industries’ share price was up 1.75 per cent on BSE at ₹69.12 per share. In comparison, the BSE Sensex...
Morgan Stanley, MUFG launch $1 billion sale of Vena Energy India
Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a...
Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show
Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to...
Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the country’s second-largest publicly traded timber and wood...
Brazil’s BTG Pactual proposes merger with Banco Pan
Brazilian investment bank BTG Pactual announced late on Monday a binding proposal to incorporate shares of Banco Pan, offering a significant premium to minority shareholders in a move that would make Pan its indirect...
Zara founder buys UK warehouse leased to Amazon for $108 million: report
Zara founder Amancio Ortega’s investment vehicle Pontegadea Inversiones has agreed to acquire PLP’s Knowsley warehouse in Britain, near Liverpool, for £81 million ($107.50 million), Place North West real...
a16z-backed data firms Fivetran, dbt Labs to merge in all-stock deal
Data startups Fivetran and dbt Labs will merge in an all-stock deal, creating a combined data infrastructure company with nearly $600 million in annual revenue, the two companies told Reuters. The deal is structured as...
Dating app Grindr explores go-private deal: Report
Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter. Grindr...
NDR InvIT Trust acquires MLG Warehousing at ₹143.9 crore valuation
NSE-listed NDR InvIT Trust on Monday announced the acquisition of MLG Warehousing and Industrial Park in Lucknow, Uttar Pradesh, valued at Rs 143.9 crore. The Grade-A warehousing asset spans approximately 4.63 lakh sq...
Goldman Sachs buys venture capital firm Industry Ventures
Goldman Sachs has agreed to buy Industry Ventures, a leading venture capital firm that manages $7 billion of assets, in a bid to expand its services to technology entrepreneurs, it said on Monday. Industry Ventures has...
UK self-storage firm Big Yellow confirms strategic talks amid Blackstone’s possible bid
Blackstone said on Monday it was in the early stages of considering a possible cash offer for self-storage company Big Yellow Group, sending shares of the London-listed firm higher by as much as 22%. Big Yellow...
Starboard Value takes stake in Keurig Dr Pepper amid JDE Peet’s buyout
Activist investor Starboard Value has built a stake in Keurig Dr Pepper after the beverage company made an acquisition to strengthen its coffee business that investors disliked, two people familiar with the matter said...
