Promoters of Varmora Granito Ltd, one of India’s leading tile and bathware makers, have bought back a 2% stake from private equity investor, The Carlyle Group, people said, signalling their confidence in the...
Indian fintech Pulse to acquire UK’s Nucleus for Rs 500 crore
Mumbai-based data and Saas company Pulse has acquired UK-based Nucleus Commercial Finance, a digital originator and servicer of SME loans, at an estimated valuation of Rs 450-500 crore, said people familiar with the...
Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal
Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares...
Abu Dhabi’s IHC to pick 43% stake in Sammaan Capital for USD 1 billion
Abu Dhabi-based investor Avenir Investment RSC, an affiliate of International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for USD 1 billion, the non-bank lender said on Thursday. The...
Indegene acquires Pennsylvania-based BioPharm
To strengthen its commercialization portfolio with AdTech, Indegene announced the strategic acquisition of BioPharm, a Pennsylvania-based specialized marketing services agency and part of Omnicom Health Group. This...
Japan’s MUFG set sights on 20% stake in Shriram Finance for $2.6 billion
Mitsubishi UFG Financial Group (MUFG) is in advanced talks to take a 20% stake in India’s second largest non-banking finance company (NBFC), Shriram Finance, for about Rs 23,200 crore ($2.6 billion), according to...
Mahindra sells Sampo Rosenlew stake to TERA, enabling new growth pathways in Finnish market
Mahindra and Mahindra (M&M) on Monday announced that it has entered into a share purchase agreement with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) to sell its entire stake in Sampo Rosenlew Oy. Consequent...
US-based tax services provider Ryan acquires majority stake in Dhruva Advisors
The US-headquartered tax services and software provider Ryan has acquired a majority stake in the Indian tax and regulatory advisory firm Dhruva Advisors for an undisclosed amount. The transaction will pave the way for...
Reliance Power to divest Indonesian coal subsidiaries for $12 million
Reliance Power said it has signed an agreement to sell its entire stake in five Indonesian coal entities for a total consideration of $12 million. In a regulatory filing, the company said that its subsidiaries: Reliance...
LG Electronics to sell 15% stake in Indian unit under IPO process
LG Electronics, South Korea’s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future...
Lupin to acquire VISUfarma to broaden its portfolio of ophthalmic biz
Lupin announced its wholly owned subsidiary, Nanomi B.V. (Nanomi), has signed a definitive agreement for the acquisition of VISUfarma B.V. (VISUfarma), a portfolio company of global healthcare specialist investor GHO...
TVS to acquire Italy’s Engines Engineering, sets up global centre of excellence in Bologna
TVS Motor Company on Thursday said it will acquire Italian automotive design and engineering firm Engines Engineering S.p.A., for a tad over 5 million euros (over Rs 50 crore) as part of its initiative of establishing a...
