Wipro Ltd announced on Monday that it will purchase an additional 20% stake in the US-based insurtech firm Aggne Global Inc in an all-cash deal valued at $28.5 million. The transaction comes more than two years after...
Cross Border News
Warburg, KKR, TPG among PE giants vying for 25% stake in Cloudnine
Global private equity firms Warburg Pincus, KKR, TPG Capital, Advent International, CVC Capital Partners, and Permira, along with homegrown Kedaara Capital are in the race to acquire a 25% stake in Cloudnine...
GQG Partners sells 1.8% stake in GMR Airports for Rs 1,906 crore; Fidelity buys holding
US-based investment firm GQG Partners on Wednesday sold a 1.8 per cent stake in airports operator GMR Airports to Fidelity International for Rs 1,906 crore through open market transactions. Rajiv Jain-backed GQG...
CBIZ Completes Acquisition of India-based BINDZ Consulting
CBIZ, Inc. (NYSE: CBZ), a leading professional services advisor to U.S.-based middle-market businesses, today announced it has completed the acquisition of BINDZ Consulting Private Limited (“BINDZ”), an...
Shilpa Biocare to acquire 30.4% stake in Barcelona-based Gate2Brain
Shilpa Medicare announced that its wholly owned subsidiary, Shilpa Biocare intends to make a strategic equity partnership of 30.4% in Gate2Brain. The investment of Euro 7 million includes cash infusion of Euro 0.5...
Cyient to acquire Tao Digital in $218 million all-cash deal
Mid-tier engineering services provider Cyient has said it will acquire US-based Tao Digital Solutions Inc in a $218-million all-cash transaction as it looks to expand its data, AI, and digital engineering capabilities...
Marksans Pharma to acquire Netherlands-based QliniQ B.V.
Marksans Pharma announced that it has entered into a definitive agreement to acquire 100% of the share capital of QliniQ B.V., a profitable Netherlands-based pharmaceutical company with established front-end sales...
Leapfrog, IFC and NIIF eye ₹400 crore minority stake in Marengo Asia Healthcare
Marengo Asia Healthcare, the hospital platform backed by Samara Capital and the family offices of the Havells and Godrej groups, is seeking to raise ₹400-500 crore, with LeapFrog Investments, International Finance...
China’s SAIC to sell another 10% stake in Indian car venture to local partner JSW – sources
China’s SAIC Motor will sell a further 10% stake in its Indian carmaking venture, JSW MG Motor, two sources with direct knowledge of the matter told Reuters, in a deal that will make local partner JSW the biggest...
UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: Report
The UK government would oppose any attempt by Sunil Bharti Mittal to increase his stake in telecoms group BT in order to maintain sovereign control over “critical national infrastructure”, the Financial Times reported...
Gujarat Themis Biosyn jumps on acquisition of Japan-based MicroBiopharm
Gujarat Themis Biosyn surged 6.11% to Rs 391.40 after the company announced the acquisition of Japan-based MicroBiopharm Japan Co. (MBJ) for about JPY 21.5 billion, or nearly Rs 1,300 crore. The company has signed a...
Qatar Holding sells 0.4% stake in Adani Energy; Birla MF buys for ₹644 cr
Qatar Holding LLC, an affiliate of the sovereign wealth fund Qatar Investment Authority, has sold 48.05 lakh shares of Adani Energy Solutions to Birla Mutual Fund for ₹643 crore through open market transactions...
