Home appliances maker Whirlpool of India said on Thursday its parent Whirlpool Corp intends to reduce its stake in the company to about 20% this year via market sale. Whirlpool Corp in its fourth-quarter earnings...
Jubilant Pharmova announces acquisition of 80% stake in JASMIN
Through its step-down subsidiary – Jubilant Biosys Innovative Research Services, Singapore Jubilant Biosys Innovative Research Services, Singapore (JBIRSPL), a subsidiary of Jubilant Biosys, a wholly owned...
First-ever India logistics MBO: LOGOS team acquires $1 billion assets in two countries
A private consortium led by LOGOS Group co-founder Trent Iliffe, along with former India CEO Mehul Shah and Vietnam CEO Glenn Hughes, has acquired the LOGOS Vietnam and India business in a deal valued at $100 million...
UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
UltraTech Cement, a flagship company of the Aditya Birla Group and India’s largest cement manufacturer in terms of capacity, is reportedly in advanced discussions to acquire the Indian operations of HeidelbergCement...
Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, formerly owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group...
China’s Sany Heavy is considering stake sale in India business
Chinese construction-machinery maker Sany Heavy Industry Co. is considering selling a stake in its India business, according to people familiar with the matter. The company has held talks with prospective financial...
Dubai’s Emaar confirms stake sale talks with Adani Group for Indian ops
Emaar Properties, the leading real estate developer in Dubai, announced on Thursday that it is in talks with multiple Indian companies, including the Adani Group, about a potential stake sale in its Indian subsidiary...
Amazon to acquire fintech lending startup Axio in a $200 million all-cash deal
Ecommerce major Amazon is set to acquire Bengaluru-based fintech Axio, valuing the buy-now-pay-later (NBPL) at around $190-200 million, three people in the know said. The deal, awaiting a nod from the country’s banking...
Sun Pharma’s unit Taro to acquire 100% stake in Antibe Therapeutics
Sun Pharmaceutical has announced that its subsidiary, Taro Pharmaceuticals, has entered into an agreement to acquire a 100 per cent stake in Antibe Therapeutics, a clinical-stage biotechnology company based in Ontario...
Sudarshan Chemical gains on acquiring Germany based company
Sudarshan Chemical Industries rose 1.33% to Rs 1,110.05 after the company announced that its wholly owned subsidiary, Sudarshan Europe B.V., has acquired Blitz F24-526 GmbH, a limited liability company based in...
Partners Group, Brookfield, Macquarie, Actis show interest to invest $200 mn in Excitel
A raft of investors including Switzerland-based Partners Group AG and Canada’s Brookfield Asset Management Inc have signed non-disclosure agreements (NDA) to potentially invest in internet services provider Excitel...
Suitor PepsiCo joins Haldiram Snacks queue; US execs in direct talks with Aggarwal family
PepsiCo has made a late entry into the competition for a stake in Haldiram Snacks Food, executives aware of developments said. Key contenders Temasek and Alpha Wave Global, the latter also a late-stage bidder, are said...
