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...
BAT to check out of ITC’s demerged hotels business
British American Tobacco Plc (BAT), the single-largest shareholder in ITC, plans to sell its stake in the soon-to-be demerged hotel business of the Indian conglomerate, said chief executive Tadeu Marroco. He said BAT is...
JSW Steel-JFE JV to acquire Thyssenkrupp Co for Rs 4kcr
A JSW Steel joint venture with Japan’s JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for ₹4,051.40 crore. The 50:50 joint venture between the two steelmakers is also looking at...
Jindal Group in talks to acquire Czech-based Vitkovice Steel for 150 mn euros
To strengthen its global presence, homegrown Jindal Group is talks with Vitkovice Steel to acquire 100 per cent stake in the Czech-based company. The group is expected to complete the acquisition by the end of this...
PTC Industries shares rise over 4% on acquiring stake in UK-based Trac Precision Solutions
Shares of PTC Industries Limited jumped more than 4 per cent on Monday, October 21, to ₹13,480 following the announcement of the company’s strategic acquisition of Trac Precision Solutions Limited (TSPL), a UK-based...
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in...
Quadria, TPG eye up to 25% stake for $100 mn in Samarth Life Sciences
Private equity investors including Quadria Capital and TPG Capital have expressed initial interest to invest about $100 million for a 20-25% stake in critical care drugs provider Samarth Life Sciences, three people...
Temasek picks 17-18% stake in VFS Global for $950 million
Singapore’s Temasek Holdings Pte. Ltd has signed an agreement to buy 17-18% in Blackstone Inc.-backed VFS Global Services Pvt. Ltd for $950 million, three people aware of the matter said. The deal values the visa...
IBM acquires Bengaluru SaaS firm Prescinto for renewables business
Global software maker IBM has announced the acquisition of Bengaluru-based Prescinto Technologies (Prescinto), a solar monitoring and analytics platform that provides asset performance management (APM) software-as-a...
Temasek to acquire Rebel Foods stake for $180-200 million
Singapore’s Temasek Holdings is close to buying 20-25% stake in Rebel Foods for $180-200 million, three people aware of the development said, making it the biggest shareholder of the homegrown cloud kitchen chain...
Gaming firm Jetapult acquires stake in Saudi Arabia-based UMX Studio for $4.5 million
Bengaluru-based gaming investment company Jetapult, backed by the likes of Accel and Fireside Ventures, has picked up a significant stake in Saudi Arabia-based game developer UMX Studio through an all-cash transaction...
CDPQ to buy Ashoka’s BOT toll road assets for Rs 4,500 crore
After a year of negotiations, Canadian pension fund CDPQ is set to acquire five build-operate-transfer (BOT) toll road assets of Ashoka Concessions, a subsidiary of highway builder Ashoka Buildcon, for an enterprise...
