Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies said in a statement...
Cross Border News
Liberty Mutual Insurance raises stake in Indian venture
Liberty Mutual Insurance on Monday increased its stake in Liberty General Insurance to 74%, strengthening its presence in India’s non-life market. The move follows Liberty Mutual’s earlier increase in...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 crore
British insurer Prudential has agreed to acquire a 75% stake in Bharti Life Insurance for ₹3,500 crore to take management control of an Indian life insurance company for the first time. Bharti Enterprises will pare its...
Zydus to buy Assertio for $166.4 million
Zydus has entered into an agreement to acquire US-based pharma company Assertio Holdings for $166.40 million, the Ahmedabad-based drug maker said in a statement. Assertio is focused on specialty and oncology supportive...
Siemens eyes exit from cancer care chain American Oncology Institute
Global medical technology major Siemens Healthineers plans to exit the Hyderabad-based cancer care chain American Oncology Institute (AOI), multiple sources aware of the development told ET. The deal is expected to...
Inox Clean acquires US solar manufacturer Boviet Solar for $750 million
Renewable energy (RE) company Inox Clean Energy announced it has acquired module and cell manufacturing capacity of 3 Gigawatt (Gw) each from Boviet Solar Technology LLC, a US-based solar manufacturing firm, in a $750...
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Bharti Airtel Ltd plans to raise its stake in Airtel Africa Plc to as much as 90% over the coming years, chairman Sunil Bharti Mittal said on Thursday, outlining a long-term capital allocation and ownership roadmap as...
Blackstone, CD&R explore bids for Ben & Jerry’s owner Magnum
Blackstone and CD&R are among private equity firms in the early stages of exploring bids for Magnum Ice Cream Company, two sources familiar with the matter told Reuters, less than six months after the owner of...
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based Emirates NBD has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in RBL Bank Limited, paving the way for the...
Actis restarts Nxt-Infra sale process, appoints Ambit
General Atlantic-owned infrastructure investor Actis LLP is looking to cash out, fully or partly, from its listed Indian roads platform Nxt-Infra Trust, two people aware of the matter told Mint. “Actis is prepared to...
EQT emerges sole bidder for OmniActive Health Technologies
Swedish private equity firm EQT has emerged as the sole contender to acquire Sanjaya Mariwala-promoted OmniActive Health Technologies, after the only competing bid for the nutraceuticals manufacturer and exporter was...
FMC to sell India business to Crystal Crop for $252 million
US-based FMC Corporation, a global agricultural sciences company, on Thursday said it has signed an agreement to sell its India commercial business to IPO-bound Crystal Crop Protection Ltd, a crop solutions company in...
