British American Tobacco p.l.c. (BAT) plans to sell 7%-15.3% stake in ITC Hotels via a block deal, the company informed via a media statement issued on Thursday. BAT announced that its wholly-owned subsidiaries, Tobacco...
Macquarie leads race for stake in Maple Infrastructure Trust
Global infrastructure investor Macquarie Asset Management has emerged as the frontrunner for acquiring a significant minority stake in Maple Infrastructure Trust, the India-focused road InvIT sponsored by Canadian...
Japan’s JFE, JSW forge ₹15,750-cr steel JV
JSW Steel on Wednesday announced a joint venture with Japan’s JFE Steel worth ₹15,750 crore, as part of which India’s largest steel producer will sell its subsidiary Bhushan Power & Steel’s...
Oval Invincibles is MI London as RIL concludes Surrey deal
Reliance Industries has completed the purchase of a 49% stake in Surrey County Cricket Club’s Oval Invincibles franchise in The Hundred, closing the deal at £60.27 million (₹725 crore). The transaction valued the...
Tata AutoComp completes acquisition of IAC Sweden; entity rebranded as Artifex Systems AB
Tata AutoComp Systems on Tuesday said it has completed the acquisition of European automotive component manufacturer IAC Sweden and rebranded the entity as Artifex Systems AB. This will strengthen Tata AutoComp’s...
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
American appliance manufacturer Whirlpool Corp on Thursday sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%...
Hong Kong firm to acquire 25% stake in Pro Fin Capital Services
Hong Kong-based Excellence Creative plans to acquire a 25 per cent equity share capital in Pro Fin Capital Services at a price of Rs 22 per share. The Board of Directors of Pro Fin Capital Services, a company engaged in...
Leela Palaces acquires 25% stake in Dubai’s Sofitel The Palm FZE
Brookfield-backed Leela Palaces, Hotels and Resorts on Thursday announced that its wholly owned overseas subsidiary, Aries Holdings, through its subsidiary Boron Holdings, has acquired 25 per cent of Sofitel The Palm...
Canada’s CPPIB, Indospace acquire six logistics parks worth $336 million
Indian warehouse developer IndoSpace and Canada Pension Plan Investment Board (CPPIB) said on Tuesday they acquired six industrial and logistics parks worth 30 billion rupees ($336.26 million) through their joint...
TotalEnergies to offload 5% stake in Adani Green Energy
TotalEnergies is preparing to sell up to 5% stake in Adani Green Energy (AGEL), according to people familiar with the development. The French energy major currently holds almost 19% in Adani Group’s renewable energy arm...
US trading platform Bakkt to acquire stake in Indian brokerage Transchem, offer access to global securities
Digital asset trading platform Bakkt, backed by the likes of Citadel and Vanguard, is acquiring a stake in Transchem, a listed Indian brokerage, as part of its wider strategy to build a presence in the Indian market...
TotalEnergies to offload 6% stake in Adani Green Energy
TotalEnergies is preparing to sell up to 6% stake in Adani Green Energy (AGEL), according to people familiar with the development. The French energy major currently holds almost 19% in Adani Group’s renewable energy arm...
