Turkish delivery app Getir is in talks to take over German rival Flink in a key step toward consolidation in Europe’s food delivery market, where companies are battling a slowdown after COVID-19, the Financial...
UK funeral service provider Dignity agrees to $349 mln takeover
Funeral services provider Dignity Plc has agreed to a sweetened 281 million pound ($349 million) takeover by a consortium backed by investment firms SPWOne V Ltd, Castelnau Group and Phoenix Asset Management Partners...
EY India acquires eBorn Consulting
EY has acquired eBorn Consulting Private Limited, a SAP solutions provider, to strengthen its technology consulting practice as client demand for tech transformation services has increased multifold after the Covid-19...
Everstone Capital, Goldman Sachs acquire Cprime
Everstone Group’s private equity arm Everstone Capital, along with Goldman Sachs Asset Management, has acquired Cprime, an information technology services management company. Financial details of the transaction weren’t...
Australia blocks Telstra-TPG wireless internet deal, sparking legal fight
Australia’s antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country’s No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle...
Promoter Reliance Retail to sell 2% stake in Just Dial
Promoter Reliance Retail Ventures plans to sell 2% stake in Just Dial through the open market by the end of this month in order to comply with regulatory requirements. Promoter and promoter group entities together hold...
Getir buys fast grocery rival Gorillas in $1.2 bln deal
Turkish delivery company Getir has bought German rival Gorillas in a deal worth $1.2 billion that will merge two of the remaining companies in Europe promising groceries in minutes. Serkan Borancili, who founded...
Alibaba to sell Zomato shares worth $200 million via block deal: Report
Alibaba Group Holding Ltd plans to sell a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources. The Chinese e-commerce giant...
Carlyle Group sells 2.5% stake in Delhivery for Rs 607 crore
CA Swift Investments divested a 2.5 per cent stake in supply chain company Delhivery Ltd for Rs 607 crore through the open market transaction. CA Swift Investments is a special-purpose vehicle, owned and controlled by...
NCLT admits First Flight Couriers for insolvency
The bankruptcy court has admitted Mumbai-based First Flight Couriers under the corporate insolvency resolution process (CIRP) and appointed Indrajit Mukherjee as the company’s interim resolution professional (IRP)...
The bankruptcy court admits Pancard Clubs to insolvency resolution process
An insolvency court admitted Pancard Clubs Ltd to the Corporate Insolvency Resolution Process (CIRP) on Friday based on a joint petition filed by about 100 shareholders and appointed Rajesh Sureshcandra Sheth as interim...
SoftBank Vision Fund plans investment in GoMechanic
SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor’s smallest bets in India by its Vision Fund, which typically signs...
