Writing assistance software maker Grammarly said it is acquiring productivity startup Coda in a deal that will see its current CEO Rahul Roy-Chowdhury stepping down from his role. Coda cofounder Shishir Mehrotra will be...
Italian stationery maker FILA cuts stake in listed Indian unit DOMS
Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit DOMS, it said on Wednesday. The stake sale is being conducted through an accelerated book building (ABB) process starting...
Quadria Capital to pick up minority stake in drug company Aragen
Quadria Capital, Singapore-headquartered Asia focused healthcare private equity firm, will pick up a minority stake in Hyderabad-based contract research development and manufacturing organisation (CRDMO) Aragen Life...
GIC buys a majority stake in hospital platform Asia Healthcare Holdings
GIC, Singapore’s sovereign wealth fund, has acquired a majority stake in Asia Healthcare Holdings, the single specialty hospitals platform backed by GIC and TPG. On Wednesday, GIC has announced an additional $150...
CCI okays KKR’s proposal to acquire stake in Rebel Foods
The Competition Commission of India (CCI) on Monday approved global investment firm KKR’s proposal to acquire a stake in home-grown food-tech company Rebel Foods. US-based KKR (Kohlberg Kravis Roberts & Co)...
JSW Neo ahead in sprint for O2 Power, Macquarie also in fray
JSW Neo Energy, a wholly owned subsidiary of listed JSW Energy, has emerged as the lead bidder to acquire O2 Power, the renewable energy platform held by Swedish asset manager EQT Partners and Singapore’s Temasek...
HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report
HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering (IPO)...
UK approves Indian group Bharti’s purchase of 24.5% stake in BT
The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The...
ICICI Bank may sell 19% in IMSPL to First Data for up to Rs 190 crore
ICICI Bank, India’s second largest private lender, Friday said it may realise ₹160-190 crore from the sale of a 19% stake in ICICI Merchant Services to Netherlands-based First Data Holdings 1 (Netherlands) BV...
Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm
Coca-Cola Company will offload 40% in its wholly-owned Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion). The deal underscores a shift in the India...
Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore
Shriram Finance Ltd. completed the sale of its housing finance subsidiary to Warburg Pincus affiliate on Wednesday, December 11, for ₹3,929 crore. The flagship company of the Shriram group sold its entire 84.44 per cent...
Blackstone gets CCI nod to acquire stakes in two Bagmane Group entities
The Competition Commission of India (CCI) on Tuesday said it has cleared Blackstone’s arm BREP Asia III India Holding Co VIII’s proposed acquisition of stakes in Bagmane Developers and Bagmane Rio. US-based...
