The promoter group at wealthtech startup Groww has sold around 0.23% stake in the company for approximately Rs 250-260 crore over the last few days, according to estimates based on stock exchange disclosures. Groww was...
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PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies said in a statement...
ArcelorMittal raises $667 million from Vallourec stake sale
ArcelorMittal has raised about $667 million (573 million euros) from a secondary share sale of a 10% stake in French steel tubes maker Vallourec, the world’s second-largest steelmaker said on Tuesday. The...
NextEra Energy strikes $66.8 billion deal for Dominion in bets on AI power demand
NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world’s largest regulated electric utility by market value, as U.S. utilities race to meet surging...
Uber adds to stake in Germany’s Delivery Hero, becomes biggest shareholder
Uber has more than doubled its stake in Germany’s Delivery Hero, becoming the largest shareholder, according to a company announcement and LSEG data on Monday. Delivery Hero said its rival had increased its...
Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports
U.S. chipmaker Analog Devices is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people familiar with...
Uber, Naver team up on Baemin takeover – Seoul Economic Daily
Uber and South Korean internet giant Naver have formed a consortium and submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea’s largest food delivery platform, the...
LVMH to sell Marc Jacobs to WHP, G-III
LVMH agreed to sell the Marc Jacobs fashion label to a venture between WHP Global and G-III Apparel Group, marking a rare divestment for the world’s largest luxury group as it adjusts to softer demand. Financial...
France’s Publicis to buy US data firm LiveRamp for $2.2 billion
French advertising group Publicis Groupe has agreed to acquire U.S. data collaboration company LiveRamp for a total enterprise value of about $2.2 billion in an all-cash deal, it said on Sunday. For Publicis, the...
Dhan parent enters insurance broking with GreenLife Insurance acquisition
Raise Financial, parent of online stock broking platform Dhan, has acquired GreenLife Insurance, its third buyout in just over a year, marking its entry into insurance broking as wealthtech firms with deep pockets and...
Black Box completes acquisition of 2S Inovaes Tecnolicas
Black Box announced the successful completion of its acquisition of 2S Inovaes Tecnolicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed...
UK’s Intertek set to back $12.7 billion EQT takeover bid after investor pressure
Britain’s Intertek is ready to recommend a 9.4-billion-pound ($12.7-billion) takeover proposal by Swedish private equity group EQT, the product testing company said on Wednesday, bowing to investor pressure after...
