Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions. Following the stake sale, shares of 360 ONE WAM fell...
Titan to acquire 67% stake in Dubai-based Damas for $283 million in strategic Gulf expansion
Tata-owned Titan Company Ltd on Monday announced acquisition of 67% stake in Dubai-based luxury jewellery retailer Damas LLC (UAE) for $283.2 million (around Rs 2435.5 crore) in an all-cash deal to expand its presence...
Abu Dhabi Investment Authority to buy 3% stake in Micro Life Sciences for $200 mn
Abu Dhabi Investment Authority on Monday said it will acquire a 3 per cent stake in medical devices firm Micro Life Sciences Pvt Ltd (Meril) for USD 200 million. A wholly-owned subsidiary of Abu Dhabi Investment...
Brookfield, EQT close in on Gland Pharma, but rising stock a pain
Buyout groups Brookfield and EQT are in active discussions to buy Hyderabad-based Gland Pharma, a contract development and manufacturing organisation (CDMO) and injectables company, from China’s Fosun Group in what...
Firstsource to acquire UK-headquartered Pastdue Credit Solutions
Firstsource Solutions on Friday announced it will acquire Pastdue Credit Solutions, a debt-collection business serving several of the UK’s banks, utility firms, telecom companies, and government bodies. The...
Tata Motors approaches Italy’s Agnelli family to buy controlling stake in Iveco
Italy’s Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India’s Tata Motors has approached Exor, the...
Germany’s Allianz ties up with India’s Reliance-owned Jio Financial for reinsurance venture
German insurer Allianz has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial Services, expanding its presence in the country’s insurance market, the companies said...
EQT completes acquisition of Niwas Housing Finance
Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500...
Schneider said to be in talks to buy Temasek’s stake in Indian JV Schneider Electric
Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35%...
Advent, TPG, Kedaara among others in race to buy into Hero Group’s Semiconductor arm Tessolve
A clutch of prominent private equity (PE) players, including Advent International, TPG Growth, Kedaara Capital, Goldman Sachs, and ChrysCapital, are in discussions to acquire a significant minority stake in Tessolve...
SMFG said to eye $1.1 billion additional investment in Yes Bank
Sumitomo Mitsui Financial Group Inc. is considering making an additional $1.1 billion investment in Indian lender Yes Bank Ltd., people familiar with the matter said, following a previous investment made by Japan’s...
Wockhardt exits US generics biz to focus on drug discovery
Wockhardt will exit its loss-making generics business in the US as part of its strategy to enhance focus on innovation with new antibiotic drug discovery and biologics portfolio in insulin. ET was the first to report on...
