The Holcim-Adani deal could be the first high profile merger and acquisition deal that will face the test of India’s amended indirect transfer of shares regulations, especially in connection with the country’s double...
Cross Border News
Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent
Goldman Sachs is in advanced talks to invest about $350 million (Rs 2,700 crore) in API Holdings Ltd, the parent of online pharmacy PharmEasy, in a structured debt transaction, people in the know said. The debt will...
Walmart buys way into India wealth management to take on Amazon
Walmart Inc.’s Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million bringing the retail giant head-to-head with Amazon.com Inc. in the country’s rapidly...
Abu Dhabi’s Ihc Invests ₹15,400 Crore In Three Adani Firms
Abu Dhabi-based International Holding Company PJSC (IHC) on Tuesday completed its ₹15,400 crore investment transaction in three Adani portfolio companies – Adani Green Energy (AGEL), Adani Transmission (ATL) and...
Byju’s in talks to acquire listed US edtech firm Chegg valued at $2 billion
Edtech unicorn Byju’s has held talks to acquire California-based online tutoring company Chegg, people in the know of the talks said. In an exclusive interview with ETtech, Byju Raveendran, the company’s...
Jack Ma Exits Paytm Mall; Sells 43% For ₹42 Crore
Five years after making its biggest bet in India’s e-commerce market, Jack Ma-led Alibaba and Ant Financials have exited Paytm E-commerce Pvt. Ltd, the parent entity of Paytm Mall. Paytm E-commerce bought back the...
Gautam Adani’s biggest M&A: Acquires Ambuja Cement, ACC from Holcim for $10.5 bn
Billionaire businessman Gautam Adani has won Holcim’s listed cement assets in India, ACC and Ambuja for a little over $10 billion, the company announced on Sunday. Post regulatory approval for the deal, it stands to...
Shah Rukh Khan’s Knight Riders Group acquires franchise in UAE T20 League
The Knight Riders Group, co-owned by Bollywood actors Shah Rukh Khan, Juhi Chawla and her husband Jay Mehta, has acquired the rights to operate a franchise at the UAE T20 League, becoming the fifth Indian firm to do so...
Lodha, Bain, Ivanhoe Ink $1bn Logistics Deal
Real estate firm Lodha on Wednesday said it has partnered with Bain Capital and Ivanhoé Cambridge to build a platform of logistics and light industrial parks, as well as in-city fulfillment centers. The platform will...
Eye care chain Dr Agarwal’s raises Rs 1,050 cr from TPG Growth, Temasek
Dr. Agarwal’s Health Care that operates a chain of eye hospitals on Tuesday said it has raised 1050 crore funding from the US-based private equity firm TPG Growth and existing Singapore based investor Temasek. The...
Byju’s Acquires Singapore Education Firm Northwest
Byju’s has agreed to buy Singapore-based online higher education platform Northwest Education Pte in a cash-and-stock deal, said two people aware of the transaction, as India’s largest online tutoring firm continues to...
Holcim deal talks with Adani, JSW enter last leg
The Holcim Group, the world’s largest cement maker, has begun negotiating a detailed share purchase agreement (SPA) with two Indian contenders – the Adani Group and the JSW Group – as the near $10 billion sale of listed...