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...
India’s Asian Paints to exit Indonesia in nearly $6 million deal
India’s Asian Paints said, on Friday it will sell its Indonesian business to Australia’s Omega Property Investments for S$7.5 million ($5.6 million), citing growth challenges nine years after entering the...
KKR set to buy cancer chain HCG
KKR is set to acquire a controlling 51% stake in Bengaluru-based cancer care hospital chain Healthcare Global Enterprises (HCG) from private equity peer CVC Capital Partners, said people in the know, as the US buyout...
Namdhari Seeds acquires 100% stake in US-based Axia’s open-field vegetable seed business
Namdhari Seeds, a vegetable and flower seeds breeding company, has acquired a 100 per cent stake in US-based Axia’s open-field vegetable seed business. The species include tomatoes, hot and sweet peppers, melons...
Jubilant Biosys expands global footprint with acquisition in France
Jubilant Biosys, a subsidiary of Jubilant Pharmova, has announced an expansion of its research and development (R&D) capabilities with the acquisition of an 80 per cent stake in JASMIN, a newly formed company by...
RBI allows Temasek unit to raise stake in AU Small Finance Bank, shares rise
The Reserve Bank of India has given its approval to a Temasek unit to raise its stake in AU Small Finance Bank, the lender said on Thursday. This may make Zulia the largest foreign portfolio investor in the lender. RBI...
Three global PE firms vie to buy Hyderabad’s Gland Pharma from its Chinese owner
Global private equity firms Blackstone, Brookfield and Warburg Pincus are in talks to acquire a majority stake in Hyderabad-based Gland Pharma Ltd from China’s Shanghai Fosun Pharmaceutical Co. Ltd in a deal expected to...
Morgan Stanley buys 1.5% in Sterling & Wilson Renewable Energy
Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market transaction. Billionaire Mukesh Ambani’s Reliance New...
