Sellwin Traders on Monday said it has signed an agreement to acquire a 60 per cent stake in US-based infrastructure and construction firm Shivam Contracting Inc (SCI) in an equity deal. Under the deal, Sellwin Traders...
Brookfield sells stake in Pune office park to 360 ONE Asset
Global investor Brookfield Asset Management, through its private real estate fund, has sold a 50% stake in Bluegrass Business Park in Pune to 360 ONE Asset for an enterprise value of ₹2,400 crore. The 2 million square...
RBI greenlights SMBC plan to buy up to 25% in Yes Bank
The Reserve Bank of India (RBI) has approved the application of Japanese giant Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% in Yes Bank. The RBI has further clarified that SMBC would not be...
WestBridge Capital to acquire 15% stake in Edelweiss Asset Management
Edelweiss Financial Services Ltd (EFSL) on Friday said global investment firm WestBridge Capital is acquiring a 15 per cent stake in Edelweiss Asset Management for Rs 450 crore. This transaction valued the asset...
PAG, Apax & others in race to buy US digital firm Accion
About half a dozen suitors, including PAG and Apax Partners, have expressed strong interest in acquiring Accion Labs, a US-based digital-focused software product engineering company, according to people familiar with...
Aurobindo Pharma closing in on $5.5b Zentiva buyout
Aurobindo Pharma has emerged as the frontrunner to acquire Prague-based generic drugmaker Zentiva for $5-5.5 billion (Rs 43,500-47,900 crore) from Advent International, said several people aware of the matter...
CCI approves Carlyle Group’s stake purchase in Quest Global, other key deals
The Competition Commission of India (CCI) on Tuesday said it has approved four proposals, including the acquisition of a stake in engineering services provider Quest Global Services by a Carlyle Group entity and Bequest...
Schmitz Cargobull acquires 27.5% stake in India’s SZIT for cold chain
As part of its global expansion plan, European semi-trailer maker Schmitz Cargobull AG will acquire a 27.5 per cent equity stake in Sub Zero Insulation Technologies (SZIT), one of India’s leading producers of...
Wipro and Warburg amplify talks for Harman India arm
Global private equity firm Warburg Pincus and Wipro Technologies are in advanced negotiations to acquire the digital transformation solutions (DTS) business of US-headquartered audio and connected technologies firm...
Infosys sets up JV with Telstra; to acquire 75% stake in Versent Group
Information technology (IT) services major Infosys on Wednesday announced the formation of a joint venture (JV) with Telstra, Australia’s leading telecommunications and technology company. This will allow Infosys to...
Prosus wins conditional EU antitrust nod for Just Eat Takeaway deal
Dutch technology investor Prosus gained European Union antitrust approval on Monday for its 4.1 billion euro ($4.76 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero. Amsterdam...
British American Tobacco awaiting RBI approval to check out of ITC Hotels
British American Tobacco (BAT) is awaiting Reserve Bank of India (RBI) approval before it can sell its 15.29% shareholding in ITC Hotels. BAT is ITC’s single largest shareholder. This is required as the ITC...
