ReNew Global Energy Plc (ReNew) has received a final non-binding proposal to acquire its entire share, which is not owned by members of a consortium, including CPP Investments and founder Sumant Sinha, for USD 8.15 per...
TASE Global acquires US aerospace firm Joined Alloys for Rs 106 crore
Trusted Aerospace Engineering (TASE Global), based in Chennai, has announced the completion of its acquisition of Joined Alloys, a leading US-based firm specialising in aerospace manufacturing, special processes, and...
LT Foods set to buy Hungary’s Global Green for Rs 25 million
Packaged foods and staples maker LT Foods has signed a definitive agreement to acquire 100% stake in Hungary-based processed and canned foods maker Global Green Europe Kft for ₹25 million via its European subsidiary...
RBI may allow Emirates NBD to acquire controlling stake in RBL Bank
India’s central bank is open to allowing Dubai-based lender Emirates NBD to acquire a controlling stake in RBL Bank, two sources said, as the regulator seeks to attract foreign investment and strengthen the...
Morgan Stanley, MUFG launch $1 billion sale of Vena Energy India
Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a...
Tata Electronics acquires India unit from Chinese iPhone supplier Justech: CNBC report
Tata Electronics has acquired the Indian unit of Chinese iPhone supplier Justech Precision for about $100 million, CNBC reported, citing people familiar with the development. The acquisition coincides with Tata...
Warburg Pincus to buy Germany’s PSI for over $813 million
Private equity firm Warburg Pincus plans to buy German software firm PSI Software for more than 700 million euros ($813.26 million), the companies said on Monday. Reuters first reported on both a nearing takeover of PSI...
Natco Pharma to acquire significant stake in S African firm Adcock Ingram
India’s Natco Pharma will acquire significant stakes in 135-year-old South African pharmaceutical giant Adcock Ingram. The R 4.2-billion deal will see Adcock Ingram becoming a privately-held entity co-owned by...
TCS acquires US-based ListEngage for $72.8 million
IT major Tata Consultancy Services (TCS) announced its acquisition of US-based ListEngage during its second quarter earnings call on Thursday. The acquisition was approved by the board at its meeting today and will be...
Sembcorp to buy ReNew’s 300 MW solar power unit
Singapore-headquartered Sembcorp Industries has acquired a 300 MW solar power project in Rajasthan from ReNew Energy Global Plc at an enterprise value of $191 million, the two companies separately announced on Wednesday...
Shell to restart Sprng Energy sale process, ropes in Barclays
Shell PLC is set to revive the sale of Indian renewable power producer Sprng Energy and has appointed Barclays to advise on the potential sale, said people aware of the matter. A formal process will be launched within a...
MakeMyTrip partners with Google Cloud to enhance AI-powered travel planning
Online travel aggregator MakeMyTrip on Wednesday announced a partnership with Google Cloud to enhance its artificial intelligence (AI) platform Myra. The collaboration aims to simplify and personalise travel planning...
