Sumitomo Mitsui Financial Group is facing a $670-million tax bill from India on its $2-billion acquisition of Fullerton India Credit, far outweighing what the Japanese lender has set aside, according to people familiar...
Cognizant to acquire US-based Utegration to tap into power sector
Cognizant is acquiring US-based Utegration LLC, a consulting and solutions provider, for an undisclosed sum to leverage its SAP-based products and capabilities in the energy and utility sectors. The deal will allow...
Advent-backed Roehm agrees to buy SABIC’s polycarbonate sheets business
Private equity firm Advent International has finalised negotiations to purchase Saudi Basic Industries Corporation’s (SABIC) polycarbonate sheets business, two sources familiar with the situation told Reuters. The...
Hinduja Tech acquires Drive System Design; to expand eMobility services
Hinduja Tech, part of the diversified business conglomerate Hinduja Group has acquired Drive System Design for an ‘undisclosed sum’ to expand its eMobility services from development to production, the...
Russian c.bank’s sale of Otkritie to VTB to go through this year – finmin
The Russian central bank’s deal to sell bailed-out lender Otkritie to state bank VTB should be finalised by the end of the year, Deputy Finance Minister Alexei Moiseev told reporters on Tuesday. Russian lawmakers...
US VC firm Sequoia Capital sells 3.7% stake in Go Fashion for Rs 228 cr
American venture capital firm Sequoia Capital has sold 3.7% stake in apparel company Go Fashion through the open market on Monday for Rs 228 crore. Through its affiliate Sequoia Capital India Investments IV, the venture...
Fintech Circle terminates $9 bln deal with Bob Diamond-backed SPAC
Cryptocurrency operator Circle Internet Financial said it has decided to end a $9 billion deal with blank-check firm Concord Acquisition Corp, nearly ten months after an earlier agreement was amended. “We are...
CSG scouting for more acquisitions after Italian ammo maker Fiocchi
Czechoslovak Group’s (CSG) deal for 70% of small-calibre ammunition maker Fiocchi Munizioni valued the Italian firm in the “high hundreds of millions of euros”, said CSG owner Michal Strnad, adding CSG...
Assa Abloy locks in $800 million deal to sell Emtek, Yale businesses to Fortune Brands
Assa Abloy AB said it will sell its Yale and Emtek lock brands, and U.S. and Canada residential businesses to Fortune Brands Home & Security in an $800 million all-cash deal, as it seeks to overturn U.S. antitrust...
CIEL Group to acquire 100% equity stake in Jombay
As a lead up to its IPO plans, workforce and skilling solutions company CIEL HR Services is looking at organic as well as inorganic growth as part of its expansion roadmap. The company has announced a strategic...
EaseMyTrip to acquire Nutana Aviation
Travel platform EaseMyTrip said it will invest in and acquire Gujarat’s GIFT city-based Nutana Aviation. Nutana Aviation offers charter solutions to clients in India and abroad and leases charter aircraft within and...
Blackstone to sell stake in MGM Grand, Mandalay Bay to VICI Properties
Blackstone Inc will sell a stake worth up to $400 million in Embassy Office Parks REIT, India’s biggest real estate investment trust, via Indian stock exchange block deals, three sources familiar with the matter...
