Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for Rs 87 crore through an open market transaction. American multinational Goldman Sachs through its arm —...
Actis acquires 100% of Stride Climate Investments from Macquarie Group
Actis, a global investor in sustainable infrastructure, has acquired a 100% stake in Stride Climate Investments, a solar generation asset portfolio in India, from a fund managed by Macquarie Asset Management. The deal...
Mahindra likely in talks to buy Sumitomo’s entire stake in SML Isuzu
Mahindra & Mahindra is in talks to buy Japan’s Sumitomo Corp’s entire 44% stake in heavy vehicle-maker SML Isuzu, CNBC Awaaz reported on Monday, citing sources. Indian automaker Mahindra is considering...
Tata Autocomp to acquire International Automotive Components Group Sweden
Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe’s automotive sector. This proposed...
Global cos eye majority in Madison’s ad business
The India units of French advertising and communications companies Publicis Groupe and Havas Network are in separate talks with Sam Balsara-owned Madison World for acquiring a majority stake in its advertising business...
Bain Capital to buy stake worth $508 million in India’s Manappuram Finance
India’s Manappuram Finance said on Thursday Bain Capital would invest 43.85 billion rupees ($508 million) to acquire an 18% stake in the gold loan provider at a time record prices of the precious metal has made...
KDDL gains as arm acquires stakes in Silvercity Brands AG
KDDL advanced 2.44% to Rs 3,056.80 after the company announced that its wholly owned subsidiary, Mahen Distribution, had acquired 8,74,000 partly paid-up equity shares of Silvercity Brands AG, a Switzerland-based watch...
Life after Bajaj: Allianz fast tracks plans of new alliance with Jio Financial
Allianz SE is stepping up efforts to forge an alliance with Mukesh Ambani-led Jio Financial Services (JFSL) for a second stab at the domestic life and general insurance market, said people in the know. This follows...
Brookfield Corp sells 5.13 pc unit holding in BIRET for Rs 883 crore
US-based Brookfield Corp on Tuesday divested a 5.13 per cent unit holding in Brookfield India Real Estate Trust (BIRET) for Rs 883 crore through open market transactions. According to the bulk deal data on the BSE...
Vodafone Idea in talks with Starlink, Amazon Kuiper for satcom partnership amid 5G push
Vodafone Idea (Vi) is in talks with global satcom majors, such as Elon Musk’s Starlink and Amazon Kuiper, for potential partnerships, even as the relative industry straggler doubles down on rolling out its 5G services...
Hero Motors, German firm SchmiedeTechnik form JV for forged powertrain parts
Hero Motors Ltd on Tuesday said it has entered into a joint venture pact with SchmiedeTechnik Plettenberg, Germany to manufacture forged powertrain components in India for global markets. The joint venture’s...
Sun Pharma gains as arm acquires Antibe Therapeutics for $4.5 Million
Sun Pharmaceutical Industries rose 1.14% to Rs 1,725.55 after its subsidiary, TARO Pharmaceuticals Inc., completed the 100% acquisition of Antibe Therapeutics Inc. of Canada for a total consideration of $4.5 million...
