Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has a agreed to acquire a 20% stake in Indian private lender Yes Bank in what would be the largest cross-border merger and acquisition deal in India’s...
BofA acquires stakes in Angel One, Nuvama in Rs 500 crore block transactions
Bank of America (BofA) on Friday bought shares in Angel One and Nuvama Wealth Management via block deals. In the former case, BofA bought over 15.19 lakh shares worth Rs 348 crore through its French subsidiary BofA...
Novopor acquires Pressure Chemical to boost specialty chemical scale
Novopor Advanced Science, a Bain Capital-backed contract development and manufacturing organisation (CDMO) in performance chemicals and material science, has acquired US-based Pressure Chemical Company (PCC), known for...
UK’s BII to acquire 10 pc in ReNew Solar unit for Rs 870 crore
British International Investment (BII) has agreed to invest ₹870 crore, or about $100 million, for a 10% stake in ReNew Energy Global’s solar manufacturing unit, the Nasdaq-listed firm said in a statement. The...
TPG to acquire 35% stake in SCHOTT Poonawalla from Serum Institute of India
TPG has agreed to acquire a 35% stake in drug containment firm SCHOTT Poonawalla from Serum Institute of India (SII). The decision was announced on Tuesday, and the acquisition is being led by TPG Growth—TPG’s middle...
Japan’s financial powerhouse SMBC moves a step closer to taking control of Yes Bank
Japanese financial powerhouse Sumitomo Mitsui Banking Corp. (SMBC) is in advanced discussions to buy a significant stake in Yes Bank, following months of negotiations, said people aware of the matter. The move is...
Bain Capital seeks CCI nod to acquire stake in Manappuram Finance
Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal. According to the...
Tech Mahindra to acquire 100% stake in Mahindra Racing UK for Rs 13.5 cr
Tech Mahindra on Friday said its wholly owned subsidiary, Tech Mahindra London Ltd (TMLL), has entered into a definitive agreement to acquire Mahindra Racing UK Ltd (MRUK) from Mahindra Overseas Investment Company...
Infosys completes ₹532 crore acquisition of Australia’s The Missing Link
Infosys has completed its acquisition of the Australian cybersecurity services firm The Missing Link for AUD 98 million (about ₹532 crore), the company said in a filing to the Bombay Stock Exchange on Friday. Infosys...
Warburg Pincus seeks CCI nod to buy 10 pc stake in IDFC First Bank
Private equity major Warburg Pincus has sought fair trade regulator CCI’s approval to acquire 10 per cent stake in private sector lender IDFC First Bank. US-based Warburg Pincus through its arm Currant Sea...
Strides Pharma’s US arm acquires four drugs to bolster portfolio
Strides Pharma Science said that its step-down wholly owned subsidiary in the US, Stride Pharma Inc, has acquired four approved ANDAs for the US Market from Nostrum Laboratories, Inc., USA. The portfolio consists of...
Advent, Bain, TPG, others drawn to Whirlpool India
Advent International, Bain Capital, TPG, EQT, Carlyle and KKR are among private equity funds that have been sounded out on buying into Whirlpool’s India business as the US parent looks to pare its stake in the listed...
