The German insurer Allianz said on Monday that it was selling its 26% stake in two joint ventures with India’s Bajaj Finserv to the Bajaj Group for around 2.6 billion euros ($2.84 billion). Last year, Bajaj...
Norway’s Statkraft looks to sell India assets for $2 billion
Norwegian utility Statkraft hired EY to facilitate the sale of its Indian hydropower and solar power assets at an expected valuation of $2 billion, said people in the know. A formal launch of the sale process could...
Strides Pharma gains 3% as Singapore arm acquires 100% stake in Amexel Pte
Strides Pharma shares gained 2.8 per cent on BSE, logging an intraday high at Rs 603 per share in Tuesday’s trade. The buying interest sparked after the company arm Strides Pharma Global proposed to acquire 100...
Blackstone to acquire up to 66% stake in Kolte Patil Developers
Kolte Patil Developers (KPDL) has forged a transformative strategic partnership with global investment giant Blackstone. This partnership is a pivotal milestone in KPDL’s growth trajectory, positioning the company...
Blackstone to pick up 14.3% stake in Kotle-Patil Developers, makes open offer
Global investment firm Blackstone will acquire a significant stake of 14.3% in Kolte-Patil Developers, a leading listed real estate player based in Pune. The deal, which was approved by Kolte-Patil’s board earlier...
Global buyout funds line up for AGS Health
Global buyout funds Blackstone, Hillhouse Investment, TPG Capital, and General Atlantic have submitted non-binding bids to acquire AGS Health, valuing the healthcare IT services firm at around $1 billion, said multiple...
Temasek signs agreement to buy 10% in Haldiram Snacks Food
Private equity firm Temasek signed a definitive agreement to buy 10% in Haldiram Snacks Food at a $10-billion valuation on Tuesday night, making this the single-largest deal in the packaged consumer goods space...
CG Power gets nod for $36 mn deal to acquire Renesas Electronics business
CG Power and Industrial Solutions on Wednesday said it has received approval from the Committee on Foreign Investment in the United States for a $36 million deal to acquire the Radio Frequency (RF) components business...
Senores Pharma up 4% as board approves acquisition of 3.73% stake in Havix
Senores Pharma shares rose 3.7 per cent on BSE, logging an intraday high at Rs 572 per share. The stock was in demand after board approved the acquisition of 8,454 shares of Havix which aggregates to 3.73 per cent...
Zydus eyes major stake in French medtech Amplitude for Rs 2,446 crore
Zydus Lifesciences has entered into exclusive negotiations to acquire a controlling shareholding stake in French medtech company Amplitude Surgical for Rs 257 million (Rs 2,446 crore). The move would mark the Ahmedabad...
Temasek acquires 10% stake in Haldiram’s snacks business for $1 billion
Singapore’s sovereign investment firm Temasek has secured a deal to acquire nearly a 10 per cent stake in the snacks division of India’s Haldiram’s for approximately $1 billion, according to a report by Reuters on...
Musk, Ambani join hands in surprise Starlink India internet deal
Mukesh Ambani’s Reliance Jio signed a deal with Elon Musk’s SpaceX to bring Starlink satellite internet services to India, a surprise move from the billionaires after being at odds for months over how the...
