Sadhana Nitro Chem (SNCL) has completed the acquisition of Calchem Industries (India) along with the plant, land and machinery at Roha that is adjacent to SNCL’s current factory. The payment of the requisite...
LVMH Sells Stella McCartney Stake Back to Founder After Downturn
LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods. Stella...
Enel, KKR among potential bidders for UK’s Cubico, sources say
Italy’s Enel and private equity group KKR are among potential bidders for Britain-based Cubico Sustainable Investments, people with knowledge of the process said. Two of Canada’s biggest pension funds...
Emerson to buy remaining stake in AspenTech for $7.2 billion
U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday. The takeout deal strengthens...
SGS ends talks over potential $30 billion merger with Bureau Veritas
Swiss testing and inspection group SGS has ended talks over a potential $30 billion merger with French rival Bureau Veritas after the two sides failed to reach agreement over the deal, it said on Monday. “SGS and...
Utility firm Eversource to sell water supply unit in $2.4 billion deal
Eversource Energy said on Monday it has agreed to sell its public water supply unit in a deal valued at $2.4 billion, as the utility firm aims to pare debt and focus on the core electric and natural gas businesses. The...
Ireland to cut AIB stake to 12.5% in latest share sale
Ireland plans to cut its shareholding in AIB Group to around 12.5% from 17.5% through a placement to institutional investors, the government said on Monday. The finance ministry said in a statement that it plans to sell...
Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, formerly owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group...
Jaipur Rugs acquires luxury rug brand Shyam Ahuja
Jaipur Rugs, a handmade carpets manufacturer and a global luxury brand, has acquired luxury rug and textile brand Shyam Ahuja. The company announced the acquisition on Friday but did not disclose the transaction amount...
DroneAcharya, AVPL strategic merger to redefine India’s drone tech sector
BSE-listed DroneAcharya Aerial Innovations has signed a term sheet for a strategic merger with AVPL International. The financial terms of the deal were not disclosed. A joint release announcing the strategic merger said...
SBI Mutual Fund acquires 3.8% stake in Happy Forgings for Rs 341 cr
SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction. According to the bulk deal data available with the BSE...
China’s HongShan buys Marshall Group stake in $1.15 bln deal as Telia sells
HongShan Capital Group (HSG) said on Friday it has struck a deal to acquire a majority stake in Marshall Group in a deal valuing the Stockholm-based audio equipment maker at 1.1 billion euros ($1.15 billion). Swedish...
