Bharti Airtel Ltd plans to raise its stake in Airtel Africa Plc to as much as 90% over the coming years, chairman Sunil Bharti Mittal said on Thursday, outlining a long-term capital allocation and ownership roadmap as...
Cross Border News
Blackstone, CD&R explore bids for Ben & Jerry’s owner Magnum
Blackstone and CD&R are among private equity firms in the early stages of exploring bids for Magnum Ice Cream Company, two sources familiar with the matter told Reuters, less than six months after the owner of...
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based Emirates NBD has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in RBL Bank Limited, paving the way for the...
Actis restarts Nxt-Infra sale process, appoints Ambit
General Atlantic-owned infrastructure investor Actis LLP is looking to cash out, fully or partly, from its listed Indian roads platform Nxt-Infra Trust, two people aware of the matter told Mint. “Actis is prepared to...
EQT emerges sole bidder for OmniActive Health Technologies
Swedish private equity firm EQT has emerged as the sole contender to acquire Sanjaya Mariwala-promoted OmniActive Health Technologies, after the only competing bid for the nutraceuticals manufacturer and exporter was...
FMC to sell India business to Crystal Crop for $252 million
US-based FMC Corporation, a global agricultural sciences company, on Thursday said it has signed an agreement to sell its India commercial business to IPO-bound Crystal Crop Protection Ltd, a crop solutions company in...
China’s TCL in talks with local companies to sell 51% in Indian plant
China’s top television maker TCL Electronics is in talks with several Indian companies to sell a 51% stake in its display manufacturing plant in the country, seeking $600-800 million (₹5,708-₹7,611 crore) for the...
Netradyne acquires Moove to expand AI fleet safety business in Europe
SoftBank-backed Netradyne has acquired Moove Connected Mobility, expanding its presence in Europe as it looks to grow its AI-powered fleet safety business. The deal combines Netradyne’s edge intelligence platform with...
Thyssenkrupp, Jindal call off steel sale talks after months of negotiations
Thyssenkrupp has paused talks with India’s Jindal Steel International about a possible sale of the German industrial group’s steel unit, it said on Saturday, marking a setback for CEO Miguel Lopez’s...
Tech Mahindra to buy 85% in Canada’s Avant Techno Solutions
Tech Mahindra on Thursday said it is purchasing a 85% stake in Canada-based wealth management firm Avant Techno Solutions (Alluri Technologies Inc), in a cash deal valued at CAD 28 million, or about Rs 195 crore. This...
Inox Clean Energy eyes $750M Boviet Solar buy to enter US market
Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered company, said people familiar with...
Quadria, PE funds eye stake in Samarth Lifesciences; deal may value firm at Rs 4,500 crore
Quadria Capital is among 4-5 private equity investors evaluating a potential acquisition of a controlling 80-85% stake in Samarth Lifesciences, said people familiar with the matter. A deal could value the manufacturer...
