Adani group said it has sold minority stakes in four of the conglomerate’s listed companies to American equity investment boutique GQG Partners for Rs 15,446 crore. In a statement, the group said shares in Adani...
Macquarie to acquire BSCPL Aurang Tollway for Rs 1,600 crore
Macquarie Asset Management will acquire BSCPL Aurang Tollway Ltd, a 150-km-long road project in Chhattisgarh owned by BSCPL Infrastructure, two people aware of the development said. An agreement has been signed last...
UK competition watchdog okays Baker Hughes-Altus deal
UK’s competition regulator said on Wednesday it has cleared oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention after the companies took steps to allay concerns raised by the watchdog...
China’s CATL sells $405 mln stake in Australian lithium miner Pilbara
CATL, the world’s largest battery maker, has sold its nearly 5% stake in Australian lithium producer Pilbara Minerals Ltd for A$601 million ($405.31 million), according to a term sheet reviewed by Reuters on...
Insurtech firm Turtlefin acquires Last Decimal to boost bancassurance vertical
Insurtech platform Turtlefin has acquired Last Decimal, an insurtech SaaS company, to expand its bancassurance business, said the firm. Turtlefin provides end-to-end tech solutions to enable insurance sales and services...
Tata 1MG-backed 5C Network acquires AI healthtech startup Krayen
Bengaluru-based online medical diagnostics platform 5C Network, which has a strategic investment from Tata 1MG, has acquired US-based artificial intelligence health tech startup Krayen for an undisclosed sum. With this...
Sintex Plastics Tech admitted for insolvency on ARC plea
India’s bankruptcy court has admitted Sintex Plastics Technology under the Corporate Insolvency Resolution Process (CIRP), acting on an application filed by Asset Reconstruction Company (India) (ARC). Last year...
IAG agrees to buy 80% stake in Air Europa for 400 mln euros
Iberia-owner International Airlines Group has agreed to pay 400 million euros ($423.84 million) to Spain’s Globalia for the remaining 80% of airline Air Europa it did not already own, the company said in a...
Biotech firms Redx Pharma and Jounce Therapeutics to merge in $425 mln deal
British biotech firm Redx Pharma plc and U.S.-based Jounce Therapeutics Inc will merge to create a $425 million entity specialised in treating cancer and fibrotic disease. Redx shareholders will receive 0.2105 Jounce...
IBS Software acquires AFLS, enters air and ocean freight sector
IBS Software, a leading SaaS provider, has acquired Accenture Freight and Logistics Software (AFLS) that provides technology platforms to help airline and ocean transportation companies manage their freight operations...
Californian pot producers Parent Co and Gold Flora to merge
TPCO Holding Corp, better known as Parent Co, and privately held Gold Flora announced an all-stock merger on Wednesday that would help strengthen their presence in California’s cannabis market. Current TPCO...
Stake sale in Bundesliga media rights business to launch early March -sources
Germany’s soccer governing body is poised to kick off the sale of a stake in the Bundesliga’s media rights business that could fetch $2.9 billion, sources familiar with the matter said. Deutsche Fussball...
