HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering (IPO)...
UK approves Indian group Bharti’s purchase of 24.5% stake in BT
The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The...
ICICI Bank may sell 19% in IMSPL to First Data for up to Rs 190 crore
ICICI Bank, India’s second largest private lender, Friday said it may realise ₹160-190 crore from the sale of a 19% stake in ICICI Merchant Services to Netherlands-based First Data Holdings 1 (Netherlands) BV...
Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm
Coca-Cola Company will offload 40% in its wholly-owned Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion). The deal underscores a shift in the India...
Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore
Shriram Finance Ltd. completed the sale of its housing finance subsidiary to Warburg Pincus affiliate on Wednesday, December 11, for ₹3,929 crore. The flagship company of the Shriram group sold its entire 84.44 per cent...
Blackstone gets CCI nod to acquire stakes in two Bagmane Group entities
The Competition Commission of India (CCI) on Tuesday said it has cleared Blackstone’s arm BREP Asia III India Holding Co VIII’s proposed acquisition of stakes in Bagmane Developers and Bagmane Rio. US-based...
Three suitors place binding bids for Haldiram after Alpha Wave Global looks to bite into $1.5 bn plus stak
Alpha Wave Global, an offshoot of Tiger Global Management, has made a binding offer to buy a sliver of Haldiram Snacks Food, India’s largest snack and convenience foods company, for more than a billion dollars, said...
Board of Styrenix Performance Materials approves acquisition of INEOS Thailand
The Board of Styrenix Performance Materials at its meeting held on 09 December 2024 has approved the proposed acquisition by the Company (through a step down subsidiary) of 100% shareholding of INEOS Styrolution...
Ceat to acquire Michelin’s Camso brand for USD 225mn
Domestic tyre maker Ceat, an RPG-Harsh Goenka group company, will acquire Camso brand that has an off-highway tyre business from global major Michelin for USD 225 million, translating to about INR 1,900 crore. Under the...
Waste management firm Blue Planet acquires NZ-based Smart Environmental Group
Waste management solutions provider Blue Planet Environmental Solutions (Blue Planet) on Friday announced the acquisition of New Zealand-based Smart Environmental Group Ltd. The acquisition strengthens Blue...
Suven Pharma to acquire 56 pc stake in US-based firm for USD 64.4 mn
Suven Pharmaceuticals on Saturday said it will acquire a controlling stake in US-based NJ Bio Inc for USD 64.4 million. The company will buy a 56 per cent stake in Princeton, NJ Bio, Suven Pharmaceuticals said in a...
NTPC in talks with Maersk to sell green methanol for fuelling its ships
NTPC Green Energy Ltd, a subsidiary of India’s largest power generation utility is in talks with global shipping major A.P. Møller – Mærsk A/S to sell green methanol for its ships, said two people in the know of the...
