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...
SAP agrees to sell Qualtrics stake for $7.7 bln
Software group SAP said on Monday it had agreed to sell its stake in data analytics firm Qualtrics for $7.7 billion as part of the acquisition of Qualtrics by funds affiliated with financial investor Silver Lake...
Vietnam’s VPBank nears $1.4 bln stake sale to Japan’s Sumitomo Mitsui
Vietnam Prosperity Joint Stock Commercial Bank is nearing a deal to sell a 15% stake to Sumitomo Mitsui Financial Group Inc for $1.4 billion, Bloomberg News reported on Saturday citing people familiar with the...
Blackstone to sell stake in Sona Comstar for $640 mn
Blackstone, the world’s largest alternative asset manager, is selling its remaining stake in Sona BLW Precision Forgings Ltd (Sona Comstar) for $640 million, two people aware of the deal said. The sale of shares through...
S&P Global acquires firm to bolster capability to track commodity shipments
S&P Global Commodity Insights said on Monday it has acquired UK-based technology firm Tradenet and its live vessel-tracking platform Market Intelligence Network (MINT) to bolster its capability to track and analyse...
US government appeals approval of Voyager sale to Binance.US
The U.S. Department Justice has appealed a court order approving Voyager Digital’s bankruptcy plan, creating a new hurdle for the crypto lender’s plan to sell its assets and transfer its customers to Binance...
