Global financial institutions, including Goldman Sachs, Societe Generale, and Citigroup Global Markets, have collectively acquired a 1.34 per cent stake in One 97 Communications, the parent company of Paytm, from SAIF...
Cross Border News
Hexaware to buy UK consulting company CPS in Rs 140 crore deal
Hexaware Technologies has signed an agreement to acquire the UK- and the UAE-based consulting firm Consulting Professionals Services Holdings Limited (CPS) in a deal valued at up to £11 million (about Rs 140 crore), as...
Bharti group seeks UK support to increase BT stake without bid for takeover
Indian conglomerate Bharti Enterprises is seeking to potentially increase its stake in BT to just under the threshold that would require it to make a full takeover offer for the British telecoms group, three people...
LTM proposes to acquire Randstad’s technology and consulting biz in Europe and Australia
LTM and Randstad announced that LTM has issued an offer to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, representing USD 500+ million (469M)...
CCI okays Blackstone, other investors’ proposal to acquire stake in AI firm Neysa Networks
Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in...
Hearzap to acquire Amplifon India, expand network to 420 hearing care centres
Hearzap, a hearing care services provider, has signed an agreement to acquire Amplifon India, the Indian arm of Italian hearing care retailer Amplifon, as it looks to expand its footprint across the country. The deal...
PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies said in a statement...
Liberty Mutual Insurance raises stake in Indian venture
Liberty Mutual Insurance on Monday increased its stake in Liberty General Insurance to 74%, strengthening its presence in India’s non-life market. The move follows Liberty Mutual’s earlier increase in...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 crore
British insurer Prudential has agreed to acquire a 75% stake in Bharti Life Insurance for ₹3,500 crore to take management control of an Indian life insurance company for the first time. Bharti Enterprises will pare its...
Zydus to buy Assertio for $166.4 million
Zydus has entered into an agreement to acquire US-based pharma company Assertio Holdings for $166.40 million, the Ahmedabad-based drug maker said in a statement. Assertio is focused on specialty and oncology supportive...
Siemens eyes exit from cancer care chain American Oncology Institute
Global medical technology major Siemens Healthineers plans to exit the Hyderabad-based cancer care chain American Oncology Institute (AOI), multiple sources aware of the development told ET. The deal is expected to...
Inox Clean acquires US solar manufacturer Boviet Solar for $750 million
Renewable energy (RE) company Inox Clean Energy announced it has acquired module and cell manufacturing capacity of 3 Gigawatt (Gw) each from Boviet Solar Technology LLC, a US-based solar manufacturing firm, in a $750...
