Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd...
Adani, Wilmar to start stake sale in joint venture next month
Adani Enterprises Ltd. and Wilmar International Ltd. are expected to start the sale of a minority stake in their consumer joint venture Adani Wilmar Ltd. as early as next month to abide by shareholding regulations...
Zee-Sony merger: NCLT recalls approval of $10 billion deal after both parties agree to terminate scheme, settle claims
The Mumbai bench of the National Company Law Tribunal (NCLT) has recalled its order approving the $10 billion merger deal between Zee Entertainment (Zee) and Sony Pictures Networks India (Sony Pictures), PTI reported on...
Temasek arm pares 1.4% stake in Godrej Agrovet for over Rs 212 crore
V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction. Temasek Holdings is a state-owned...
Singapore’s AG&P in talks to buy H-Energy’s LNG Terminal
Singapore-headquartered Atlantic, Gulf, and Pacific Company (AG&P), is in talks with Darshan Hiranandani’s H-Energy, to acquire the latter’s LNG terminal in Jaigarh, Maharashtra, two people aware of the...
Nazara acquires 15.8% stake in esports firm Stan for $2.2 million
Listed gaming and media firm Nazara Technologies acquired a 15.86% stake in esports community platform Stan for Rs 18.4 crore ($2.2 million) in cash from its existing investors. The investment was made through...
I Squared, JSW Neo and Macquarie shortlisted to buy O2 Power in $1-billion deal
New York-based private equity firm I Squared Capital, JSW Neo Energy, a subsidiary of India’s JSW Group, and Macquarie Group, one of the largest foreign infrastructure investors in the country, have been...
EQT to acquire ChrysCap-owned healthcare BPO GeBBS
Swedish Private Equity fund EQT has signed an agreement with homegrown PE fund ChrysCapital to acquire GeBBS Healthcare Solutions, a leading provider of revenue cycle management (RCM) services and risk adjustment...
Natco Pharma acquires 40 million shares in eGenesis Inc
Natco Pharma Ltd on Wednesday said its Canadian subsidiary acquired 40 million shares in eGenesis Inc., a biotechnology company at the forefront of xenotransplantation focused on developing safe and effective human...
Theobroma sale: Marquee private equity firms place binding bids
Private equity firms Bain Capital, Carlyle Group and Chrys Capital have submitted binding bids to acquire Theobroma Foods, two people aware of the development said, bringing the bakery chain’s sale process to the...
Adani Ports acquires 80% stake in Dubai’s Astro Shipping for $185 million
Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and...
Zee files application seeking recall of NCLT order sanctioning merger with Sony
Zee Entertainment Enterprises has filed an application with the National Company Law Tribunal (NCLT) seeking the recall of the tribunal’s August 10, 2023 order, which sanctioned the merger scheme with Sony Group...
