Varun Beverages approved to invest upto 26% of equity share capital of Jager Renewables Two (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Rajasthan) to...
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Warburg eyes 10% stake in Kalyan Jewellers’ Candere brand for Rs 850 crore
Global private equity firm Warburg Pincus is in discussions with Kalyan Jewellers India to acquire about 10% stake in the Kerala-based company’s lifestyle brand Candere for Rs 800-850 crore, two people aware of the...
OpenAI to acquire product testing startup Statsig, appoints CTO of applications
OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current valuation of $300 billion. The ChatGPT maker will also...
Ceat completes acquisition of Camso OHT, tracks business
Tyre maker Ceat on Monday said it has completed the acquisition of Michelin Group’s Camso off-highway tyres and tracks business. The company had entered into a definitive agreement with Michelin in December last...
China’s CATL sells stake in Finnish subcontract car manufacturer
Chinese battery maker Contemporary Amperex Technology (CATL) is selling its 20.6% stake in subcontract Finnish car maker Valmet Automotive to the Finnish state and another shareholder, Finland’s government said on...
UK’s Revolut kicks off secondary share sale at $75 billion valuation, source says
Revolut has launched a secondary sale of its shares valuing the financial technology giant at $75 billion, a source familiar with the company said on Monday, as the London-based group doubles down on its expansion plans...
NCLT admits Canara Bank’s insolvency plea against Supreme Infra’s Highway SPV
The National Company Law Tribunal (NCLT) has admitted Canara Bank’s insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme...
China’s GCL expects more information soon on polysilicon restructuring
A GCL Technology Holdings official signalled in a call with investors on Sunday that more information on a plan to restructure China’s polysilicon industry would be released soon. “We believe that clearer...
PepsiCo sharpens energy drink focus with bigger Celsius stake
PepsiCo has raised its stake in Celsius Holdings through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences. The popularity of energy drinks...
DuPont to sell Kevlar, Nomex business to Arclin for $1.8 billion
DuPont will sell its heat-resistant fiber business Aramids, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization. The sale will not...
Colt buys majority stake in $1 billion gunpowder ingredient maker
Czech-based firearms maker Colt CZ Group SE has agreed to buy a majority stake and potentially all of the shares in Synthesia Nitrocellulose, in a deal valuing the Czech gunpowder ingredient maker at 22 billion crowns...
NCLT admits AGS Transact for insolvency
The bankruptcy court in Mumbai has admitted AGS Transact Technologies for corporate insolvency resolution process (CIRP) on an application filed by the listed payment solution company’s operational creditor...
