Delphi World Money on Wednesday announced that it had acquired a substantial equity stake, along with management control, in Ebix Travels, an online travel services firm within the Ebix Group, according to a joint...
Citigroup sells stake in Banamex to Mexican billionaire for $2.3 billion
Citigroup has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi’s plan to take the unit public. The...
Dutch government sells nearly half of TenneT Germany for $11.3 billion
The Dutch government is selling 46% of power grid operator TenneT’s German unit to an investor consortium for up to 9.5 billion euros ($11.3 billion), it said, kicking off the separation from a business it has...
Lego buys entertainment centres from Madame Tussauds owner Merlin for $270 mln
Danish toymaker Lego said on Wednesday it will buy 29 discovery centres from theme park operator Merlin Entertainments in a 200 million pounds ($269.5 million) deal, in line with a strategy to strengthen control over...
Private equity firm Novacap to buy Integral Ad Science for $1.9 billion
Private equity firm Novacap will buy Integral Ad Science in a deal valuing the target at around $1.9 billion, the digital ad verification company said on Wednesday. Novacap, having more than $10 billion in assets under...
Angola’s diamond miner Endiama seeks minority stake in De Beers
Angola’s state diamond company Endiama has bid for a minority stake in Anglo American’s diamond unit De Beers, the African country’s Ministry of Mineral Resources, Petroleum and Gas said on Wednesday...
UK’s IPF jumps on Basepoint’s sweetened $693 million takeover proposal
Britain’s International Personal Finance said on Wednesday it received an increased 514.9 million pounds ($693.31 million) takeover proposal from U.S.-based specialty finance group Basepoint Capital, sending its...
Refex Industries shares soar 17% after board approves green mobility business demerger scheme
Shares of Refex Industries surged 17.3% in Tuesday’s trade after the company announced that its Board of Directors had approved a composite scheme of amalgamation and arrangement aimed at unlocking the potential of its...
IHCL acquires shares in subsidiary for over Rs 100 cr
Indian Hotels Company Limited (IHCL) on Tuesday said it has invested over Rs 100 crore to acquire more than 2 lakh shares of its wholly-owned subsidiary ELEL Hotels and Investment Limited via rights issue. ELEL Hotels...
Swiggy shares in focus after Rs 2,399 crore stake sale in Rapido, Instamart slump sale
Shares of online food delivery platform Swiggy will be in focus on Wednesday after its Board of Directors approved three major transactions on September 23. These include the divestment of its stake in bike taxi...
Competition Commission clears Apollo Hospital’s group entities restructuring plan
Fair trade regulator CCI on Tuesday approved a multi-layered restructuring plan involving Apollo Hospital’s group entities Apollo Healthco and Keimed, and a wholly-owned subsidiary Apollo Healthtech Ltd. The move...
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...
