India’s Tata Motors has agreed to acquire the commercial vehicle business of Italy-based Iveco Group through an all-cash offer valuing the company at approximately €3.8 billion ($4.4 billion), the company announced on...
Agrichemicals firm FMC to divest India business amid market pressures
Agrichemicals company FMC Corp said on Wednesday it intends to divest its commercial business in India, in response to challenges in the country. Shares of the company, which also lowered its forecast for annual sales...
IPO-bound Lenskart buys 80% stake in Spain’s Meller for Rs 407 crore
Eyewear retail chain Lenskart, which has just filed its draft red herring prospectus for a public listing, has acquired an 80% stake in Spanish fashion eyewear brand Meller for Rs 407 crore (approximately €41.5 million)...
Tata Motors set to acquire Italian truck maker Iveco for $4.5 billion in its biggest deal to date
Tata Motors is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family, for $4.5 billion (3.9 billion, making it the Tata Group’s second-largest acquisition after Corus and the...
Amber Group buys over 40% in Israel’s Unitronics
Electronics manufacturer Amber Group has signed definitive agreements to take a 40.24% controlling stake in Israel-based Unitronics, a global player in industrial automations and control systems, for more than ₹400...
ADQ-Sheikh Tahnoon vehicle eyes $200 mn stake in Aadhar Housing Finance
An investment vehicle backed by Abu Dhabi sovereign investor ADQ and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan is in advanced discussions to buy a minority stake in Blackstone-backed Aadhar Housing Finance...
Dixon Technologies receives govt approval for JV with Chinese firm Longcheer
Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing. The JV will be formed between Dixon and Longcheer’s...
Tilaknagar Industries acquires Imperial Blue from Pernod Ricard
Tilaknagar Industries has signed an agreement to acquire the Imperial Blue whisky brand in India from France’s Pernod Ricard for about Rs4150 crore in an all-cash deal, entering the whiskey segment which accounts for...
Natco Pharma to buy over 35% in South Africa’s Adcock Ingram
Hyderabad-based Natco Pharma on Wednesday said it has agreed to buy a 35.75% stake in Adcock Ingram, South Africa’s second-largest drugmaker, for ‘2,000 crore. The all-cash deal will give Natco Pharma a...
Singapore-based Unique Global to acquire up to 12% stake in IFL Enterprises
Agri commodity trader IFL Enterprises on Tuesday said Singapore-based Unique Global Managed Services has offered to buy up to 12 per cent stake in the company. The Ahmedabad-based company informed stock exchanges that...
EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India
Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG...
Tilaknagar to acquire Pernod Ricard’s Imperial Blue whiskey, announcement likely on Wednesday
Tilaknagar Industries will likely acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard on Wednesday, said people in the know. On Wednesday, the board of Tilaknagar—which sells Mansion House...
