The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel’s proposal to acquire a stake in STT GDC. ST Telemedia Global Data Centres (STT GDC) is a wholly-owned...
Everstone puts off plan to sell stake in Restaurant Brands Asia
Everstone Capital has put on hold plans to sell its 13.17% holding in Restaurant Brands Asia (previously Burger King India) after deal talks with Advent International and General Atlantic did not go through and no new...
Hero Electronix’s Tessolve acquires German chip design firm for ₹400 crore
Semiconductor design company Tessolve, owned by Hero Electronix, has acquired Germany’s Dream Chip Technologies for ₹400 crore, in a deal that would enable the Bengaluru-based technology firm design more complex...
Bandhan Financial Services acquires global IT company Genisys
Bandhan Financial Services Ltd (BFSL), the promoter of Bandhan Bank, has acquired global information technology and business process services provider Genisys group of companies, which has its origin in London. This...
European Commission clears Reliance-Disney merger deal
The European Commission has approved the creation of a joint venture, Star India, by Reliance Industries Ltd (RIL), The Walt Disney Co. (TWDC), and BTS Investment 1, the latter owned by James Murdoch and Uday Shankar...
AO Smith Corp completes acquisition of Pureit from Hindustan Unilever
AO Smith Corporation announced on Friday that it has completed the acquisition of Pureit, a residential water purifier brand, from Hindustan Unilever. In July, both companies had announced that they had signed an...
Reliance New Energy acquires additional stake in sodium-ion battery major Faradion
Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired the remaining stake in sodium-ion battery technology company Faradion from existing shareholders, making it a wholly-owned...
Warbug Pincus to pare stake in Home First before acquiring Shriram Housing
The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance...
Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 crore
Tata Power on Monday said it has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. “It has today executed the Share Purchase Agreement between the company, existing shareholder...
Societe Generale sells its stake in IndusInd Bank for Rs 421 crore
Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank’s shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the...
Pact signed for sale of MSTC arm to Japanese firm Konoike Transport
State-run MSTC has signed a share purchase agreement with Japan’s Konoike Transport for the strategic disinvestment of its arm Ferro Scrap Nigam for ₹320 crore, the Department of Investment and Public Asset...
Japan’s MUFG Bank, Koch Group seek CCI nod to acquire minority stakes in Shiprocket
Japan-based MUFG Bank and American conglomerate Koch Group have sought approval from the Competition Commission of India (CCI) to acquire minority stakes in Zomato-backed Shiprocket. The ecommerce enablement platform is...
