Shares of India’s Coforge jumped as much as 10% on Wednesday, a day after the IT services provider signed a 13-year partnership with U.S.-based travel bookings provider Sabre Corp. The stock was up 9.1% as of...
Italian firm to acquire Nashik-based Right Tight Fasteners
In one of the largest foreign investment deals in India’s auto parts industry, Fontana Gruppo is buying a majority in Nashik-based Right Tight Fasteners (RTF) that will give the Italian company a bigger presence in the...
Glenmark acquires Acetylcysteine injection, launches in US market
Glenmark Pharmaceuticals Ltd on Monday said it has acquired generic version of Acetylcysteine injection from Aspen Pharma USA Inc for an undisclosed sum and launched the same in the US market. The acquisition by...
Jindal Steel said to raise bid for Italian steelmaker to €4 billion
Jindal Steel raised its offer for a troubled Italian steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter said. The Indian steelmaker’s latest proposal...
Blackstone-backed PAG mulls sale of $1.2 bn stake in Nuvama
Asian private equity firm PAG is considering options that may lead to a sale of its majority stake in Mumbai-listed Nuvama Wealth Management Ltd., according to people familiar with the matter. Blackstone Inc.-backed PAG...
Varun Beverages extends deadline for acquisition of Ghana-based SBC Beverages to March 31
Varun Beverages, PepsiCo’s largest franchise bottler, on Tuesday extended the deadline for completion of the acquisition of Ghana-based SBC Beverages for a month to March 31. On November 13, 2024, Varun Beverages...
Mphasis, Hexaware, Chryscap join race to acquire SLK Software
Mphasis, Hexaware Technologies, TPG Capital-owned Altimetrik and private equity fund Chryscapital are among those who have shown initial interest to acquire a majority stake in the Bengaluru-based technology services...
AkzoNobel N.V. to acquire Indian arm’s powder coatings business
Akzo Nobel India announced that its board of directors has accepted a binding offer from AkzoNobel N.V. to acquire the company’s powder coatings business and International Research Centre (R&D) for Rs 2,073...
KKR to buy cancer care hospital chain HCG from CVC for $400 million
KKR has acquired a controlling stake in leading cancer care hospital chain Healthcare Global from private equity peer CVC Capital Partners for Rs 3466 crore ($400 million), doubling down on the healthcare sector that...
Granules acquires Swiss firm for Rs 192 cr; forays into CDMO space
Drug firm Granules India on Friday said it has acquired Switzerland-based CDMO firm Senn Chemicals AG for CHF 20 million (around Rs 192 crore). Senn develops and manufactures, Peptides and Peptides-based applications...
Conmat Group reclaims its 51% stake as Japan’s KYB Corp exits JV
KYB Corp., a Japanese behemoth in concrete equipment, has exited its 51% stake in the joint venture with Premraj Keshyep-led Conmat Group, which has reclaimed it, the companies said in a statement on Monday. The joint...
Uno Minda to acquire remaining 49.9 pc stake in JV firm for Rs 195 cr
Auto components maker Uno Minda on Friday said its board has approved to acquire 49.9 per cent remaining stake in a joint venture firm from partner FRIWO Geratebau GmbH for Rs 195 crore. The company will enhance its...
