The Singapore International Arbitration Centre (SIAC) has ruled in favour of Amazon in its long-standing legal battle with Kishore Biyani-led Future Group, holding that Reliance Retail-Future merger deal breached its...
Orix announces plan to sell stake in Greenko to promoter; invest $750 mn in AM Green
Japan’s financial services firm Orix Corp. on Monday said it will reenter a share transfer agreement to sell its 17.5% stake in Greenko Energy Holdings to AM Green Power B.V., in what will be among the largest...
Mazagon Dock marks first foreign acquisition with $53 million Colombo Dockyard deal
In its first-ever international acquisition, Mazagon Dock Shipbuilders announced on Friday that it will acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest shipbuilding and repair facility...
JSW, Serentica, Actis, Blackstone, Brookfield in the fray to buy Vibrant Energy
Financial and strategic investors, including JSW Group, Vedanta Group’s Serentica, Blackstone, Brookfield, Sembcorp, and Actis, are looking at acquiring Vibrant Energy, a renewable energy company owned by Macquarie...
Tata Steel acquires 179 crore shares in Singapore subsidiary T Steel Holdings for Rs 1,562.54 cr
Tata Steel Limited on Wednesday said that it has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for a total consideration of approximately Rs 1,562...
Hindalco to buy US-based AluChem for $125 mn
Hindalco Industries will acquire US-based specialty alumina manufacturer AluChem Companies for an enterprise value of $125 million, as it looks to scale its high-value, technology-led materials portfolio. “This...
CCI okays Bain Capital’s proposal to acquire stake in Manappuram Finance
The Competition Commission of India (CCI) on Tuesday approved Bain Capital’s proposed acquisition of a stake in Manappuram Finance. Bain Capital through its two affiliates — BC Asia Investments XXV and BC...
Suntory looks for a high with Imperial Blue buy
Japanese alcobev giant Suntory has revived plans to acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard, said people in the know, sensing rival Tilaknagar Industries’ continued struggle to raise...
Gentari plans to offload up to 50% stake in India arm
Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in...
TPG likely to sell 6% stake in Sai Life Sciences at estimated price of Rs 885 crore in block deal: Report
Global assets management company TPG is likely to sell 12.5 million shares representing 6% stake Sai Life Sciences at an estimated deal size of $102 million (Rs 885 crore), according to a report. The base price of the...
Wipro Infra to acquire majority stake in French aerospace major Lauak Group
Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Wednesday said it will acquire a majority stake in French aircraft parts manufacturer Lauak Group. Lauak Group is a 50-year-old...
Warburg Pincus to evaluate buying majority stake in Nuvama Wealth: Report
American private equity firm Warburg Pincus is said to evaluate a proposal to purchase a majority equity stake in Nuvama Wealth Management with promoter entity Pagac Ecstasy Pte Ltd looking to offload its 54% stake...
