Fair trade regulator Competition Commission of India (CCI) on Thursday said it has given approval under the green channel route to Abu Dhabi Investment Authority for acquiring a stake in Lenskart Solutions Pvt Ltd...
Norway’s sovereign wealth fund acquires 16.6% stake in German offshore wind farm
Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, said on Thursday it had agreed to buy a 16.6% stake in the 960 megawatt He Dreiht offshore wind farm project in the German...
Govt to sell 3.5% stake in Hindustan Aeronautics
The government will sell up to 3.5% stake in Hindustan Aeronautics (HAL) through an offer for sale (OFS) on Thursday and Friday to raise around Rs 2,867 crore, the company said in an exchange filing on Wednesday. The...
LTG plans M&A spree to ward off bargain-hunting buyout firms
Learning Technologies Group is planning to buy a batch of technology-focused corporate training firms as part of a strategy to thwart unsolicited interest from private equity firms, CEO and co-founder Johnathan Satchell...
Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 bln
Japan’s top utility JERA has agreed to buy Parkwind, Belgium’s largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a...
CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL
The Competition Commission of India (CCI) approved the acquisition of 100 per cent of the equity share capital of L&T Infrastructure Development Projects Limited (L&T IDPL) and Kudgi Transmission Limited (KTL)...
US regulator approves Canadian Pacific purchase of Kansas City Southern
The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific’s $31 billion acquisition of railroad company Kansas City Southern with a series of environmental and...
Morgan Stanley sells stake in Divgi TorqTransfer after muted listing
Morgan Stanley has sold about 3.73 lakh shares in Divgi TorqTransfer through a block deal for about Rs 22 crore after a muted debut on exchanges. The deal was executed at a gross price of Rs 590.32 per share. According...
Events software provider Cvent accepts Blackstone’s $4.6 bln deal
Buyout firm Blackstone Inc agreed to purchase U.S. cloud-based event-software provider Cvent Holding Corp in a deal valued at $4.6 billion, at a time when private equity firms are looking to scoop up tech companies for...
Vivendi in talks on publishing arm sale to Kretinsky to ease Lagardere deal
Vivendi is in exclusive talks to sell publisher Editis to a company owned by billionaire Daniel Kretinsky, it said on Tuesday, in a deal that could help win regulatory approval for its takeover of Lagardere. The French...
NCLAT set aside Nike India’s plea to initiate insolvency against its dealer
The National Company Law Appellate Tribunal (NCLAT) dismissed a petition filed by Nike India to initiate insolvency proceedings against one of its dealers. A two-member NCLAT bench upheld the orders of the National...
GIC, ADIA buy Sona stake from Blackstone
Singapore’s sovereign wealth fund GIC, Abu Dhabi Investment Authority (ADIA), and a clutch of other investors purchased shares of Sona BLW Precision Holding (Sona Comstar), as private equity Blackstone Inc. sold its 20...
