Medical device maker Poly Medicure Ltd on Wednesday said it will fully acquire Italy-based Citieffe Group at an enterprise value of Rs 324 crore (EUR 31 million). The company has signed a definitive agreement to acquire...
Cerberus Capital, IFC to fund Madhvani group’s Hindusthan National Glass buyout
Cerberus Capital and World Bank arm, International Finance Corporation (IFC), have provided Madhvani group a Rs. 1600 crore loan for its planned takeover of Hindusthan National Glass and Industries Limited (HNG)...
Bajaj Electricals to acquire Morphy Richards brand rights in South Asia for Rs 146 crore
Bajaj Electricals Ltd on Tuesday said its board has approved a proposal to acquire Morphy Richards and related intellectual property rights in India and five neighbouring markets from Ireland’s Glen Electric Ltd, part...
Japan’s SMBC picks up additional 4.22% stake in Yes Bank, becomes largest stakeholder
Yes Bank on Tuesday said Sumitomo Mitsui Banking Corporation (SMBC) of Japan has acquired an additional 4.22 per cent stake in the Mumbai-based bank. With the acquisition, SMBC’s stake in Yes Bank has increased...
Singapore-based Keppel set to divest Chennai’s One Paramount office park for Rs 2,750 cr
Singapore-based Keppel is set to divest its office asset One Paramount office park in Porur, Chennai, to Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield (NCW), for about 2,750 crore...
Temasek seeks to acquire minority stake in Nash Industries for $120-150 mn
Singapore’s state-owned investor Temasek Holdings is in talks to acquire a minority stake in auto components maker Nash Industries, which is seeking to raise $120-150 million from private equity investors...
PE fund KKR closes third buy in Kerala, at Meitra Hospital
Global private equity firm KKR, which had notched a fivefold return in its exit from Max Healthcare, is doubling down on its hospital bets in South India. In its latest move, KKR-owned Kerala hospital chain Baby...
JSW Energy to acquire Tidong Power from Norway firm for ₹1.7K crore
Sajjan Jindal-owned JSW Energy’s renewable arm, JSW Neo Energy, has agreed to acquire Tidong Power Generation from Norway’s Statkraft IH Holding in a ₹1,728 crore deal. The deal would add a 150-megawatt (Mw)...
Graphite India acquires 6.82% stake in NYSE-listed Grafrech International
Graphite India has invested in the shares of Graftech International, a NYSE-listed company (Graftech), through secondary market transactions / overseas portfolio investment (OPI) scheme of Foreign Exchange Management...
SMBC to buy additional 4.2% stake in Yes Bank from PE firm Carlyle Group
Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) on Wednesday said it will acquire an additional 4.2% stake in Yes Bank from a Carlyle Group affiliate for Rs 2,850 crore. The announcement comes alongside the...
Bandhan Bank completes divestment in Yes Bank to Japan’s SMBC, continues buying spree after SBI & Carlyle
Bandhan Bank divested 15,39,34,975 equity shares of Yes Bank Ltd. to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of about Rs 331 crore. Bandhan Bank sold the said shares at a rate of Rs...
JSW Steel unit will increase stake in M Res NSW to 83.3%
JSW Steel will purchase an additional economic interest in M Res NSW for $60 million through its subsidiary JSW Steel (Netherlands), effectively increasing its stake in Australia-based Illawarra Metallurgical Coal, the...
