Mitsubishi UFJ Financial Group Inc. is nearing a deal to buy a minority stake in India’s Shriram Finance Ltd., according to people familiar with the matter, the latest foreign bank seeking to build a presence in the...
Mizuho looks to wrap up Avendus acquisition this week
Mizuho Financial Group is finalising terms to acquire KKR-backed Avendus Capital at a Rs 5,900-crore valuation, almost six months after it had first agreed to buy the home-grown investment bank, said people in the know...
Fairfax emerges as frontrunner to acquire government-LIC stake in IDBI Bank
Toronto-based Fairfax Financial is leading the race to acquire a controlling stake in IDBI Bank from the Centre and Life Insurance Corp of India (LIC) ahead of a December-end deadline for submission of financial bids...
United Hospitality Management expands into India with acquisition of Rosastays
Luxury and mixed use hospitality management firm United Hospitality Management (UHM) said it has officially entered the Indian market, through the acquisition of boutique hospitality brand Rosastays. The company’s India...
Abu Dhabi’s IHC gets CCI nod to acquire stake in Sammaan Capital
Fair trade regulator CCI on Tuesday cleared Abu Dhabi-based International Holding Company’s proposal to acquire stakes in Sammaan Capital. International Holding Company (IHC), through its affiliate Avenir...
KKR buys out Avendus’ Vohra at ₹11,500 cr valuation, paves the way for full sale
Global private equity firm KKR has bought out Ranu Vohra, the cofounder of Avendus Capital, clearing up the way for a deal to sell the financial services firm. The deal to buy out the 6% stake held by Vohra values the...
Advent’s $1 billion deal talks for Whirlpool India stake said to have collapsed
Global private equity firm Advent International’s talks to acquire U.S. giant Whirlpool’s India unit for up to $1 billion have collapsed due to disagreements over valuation, four people familiar with the...
British American Tobacco plans to offload up to 15.3% stake in ITC Hotels via block deal
British American Tobacco p.l.c. (BAT) plans to sell 7%-15.3% stake in ITC Hotels via a block deal, the company informed via a media statement issued on Thursday. BAT announced that its wholly-owned subsidiaries, Tobacco...
Macquarie leads race for stake in Maple Infrastructure Trust
Global infrastructure investor Macquarie Asset Management has emerged as the frontrunner for acquiring a significant minority stake in Maple Infrastructure Trust, the India-focused road InvIT sponsored by Canadian...
Japan’s JFE, JSW forge ₹15,750-cr steel JV
JSW Steel on Wednesday announced a joint venture with Japan’s JFE Steel worth ₹15,750 crore, as part of which India’s largest steel producer will sell its subsidiary Bhushan Power & Steel’s...
Oval Invincibles is MI London as RIL concludes Surrey deal
Reliance Industries has completed the purchase of a 49% stake in Surrey County Cricket Club’s Oval Invincibles franchise in The Hundred, closing the deal at £60.27 million (₹725 crore). The transaction valued the...
Tata AutoComp completes acquisition of IAC Sweden; entity rebranded as Artifex Systems AB
Tata AutoComp Systems on Tuesday said it has completed the acquisition of European automotive component manufacturer IAC Sweden and rebranded the entity as Artifex Systems AB. This will strengthen Tata AutoComp’s...
