Bharti Airtel has entered into an agreement for acquisition of 3,78,90,005 (26%) equity shares in AMP Energy Green Three, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant...
Italy in talks over $1.5 billion SpaceX security services deal, Bloomberg News reports
Italy is in advanced talks with Elon Musk’s SpaceX over a 1.5 billion euro ($1.55 billion) deal for the company to provide secure telecommunications to the government, Bloomberg News reported on Sunday...
China’s Alibaba to offload Sun Art stake to DCP for $1.6 billion
China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58...
Hawaiian Electric sells 90% interest in American Savings Bank
Hawaiian Electric Industries (HEI) said on Tuesday it had closed the deal to sell a 90.1% stake in its unit American Savings Bank (ASB), helping the company raise funds for the deadly 2023 Maui wildfire settlement. The...
Nvidia corp completes acquisition of Israeli software startup Run:ai
Nvidia Corp. has completed the acquisition of Israeli startup Run:ai, gaining software that helps owners of intelligence computing gear get the best out of their hardware. The software — which currently works on only...
Kalyani Strategic System acquires 25% stake in Edgelab
Bharat Forge announced that its wholly owned subsidiary, Kalyani Strategic System (KSSL) has completed the acquisition of 25% of total share capital of Edgelab S.p.A. (Edgelab), pursuant to its proposed initial public...
SBI Life picks up 10% stake in Bima Sugam India Federation
SBI Life on Monday said its board has approved picking up of 10 per cent stake in Bima Sugam India Federation for ₹6.6 crore. Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to...
A2A completes acquisition of Lombardy distribution assets from Enel
Italian regional utility A2A has finalised a deal to buy larger peer Enel’s distribution assets in the northern Italian region of Lombardy, the two groups said on Monday. A2A signed a 1.22-billion euro ($1.27...
Adani Enterprises gains on acquiring 26% stake in Gidhmuri Paturia Collieries
Adani Enterprises added 1.15% to Rs 2,429.45 after the company announced that it has acquired 26% stake in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services. Gidhmuri Paturia Collieries belongs...
Martin Midstream Partners terminates merger plan with Martin Resource Management
Martin Midstream Partners said on Thursday it will terminate the previously agreed-upon $157 million merger deal with Martin Resource Management Corp (MRMC). Martin Midstream, which focuses on storing and transporting...
NCLT admits insolvency plea against Hero Electric
A bankruptcy court in New Delhi has admitted Hero Electric Vehicles for a corporate insolvency resolution process in an application filed by its operational creditor Metro Tyres. The National Company Law Tribunal...
Murugappa family’s Mavco and Avenue Capital Group gets CCI nod to acquire MHM Holding
The Competition Commission of India (CCI) has approved Murugappa family affiliate Mavco Investments and Avenue Capital Group’s proposal to acquire Germany-based MHM Holding. MHM Holding is the parent company of...
