Realty services company TCC Concept said on Friday that it has signed a term sheet to acquire up to 100% stake in omnichannel furniture and home goods platform Pepperfry, according to a stock exchange filing. The Pune...
Peerless to exit insurance distribution, focuses on expanding hospital biz
The Peerless Group, once a household name in financial savings, has decided to sell its financial product distribution subsidiary, while it is expanding its footprint in the healthcare sector. The group has identified a...
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...
Pfizer closes in on $7.3 billion takeover of anti-obesity drugmaker Metsera, FT reports
Pfizer is closing in on a potential $7.3 billion takeover of weight-loss drug developer Metsera, the Financial Times reported on Sunday, citing unidentified sources. The U.S. pharma firm will acquire New York City-based...
Saks Global in talks to sell 49% stake in Bergdorf Goodman for about $1 billion, WSJ reports
Saks Global, the parent of Saks Fifth Avenue, is in talks to sell a 49% stake in luxury retailer Bergdorf Goodman for about $1 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter...
Newmont sells entire Orla stake for about $439 million in divestiture push
Gold miner Newmont said on Friday it sold its stake in Orla Mining for $439 million through the Toronto Stock Exchange as part of its divestiture program. The company disposed of the entire 43 million shares it held in...
Warren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows
Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy...
UK trading platform IG Group buys Australian crypto exchange
British online trading platform IG Group said on Friday it had acquired Australian cryptocurrency exchange Independent Reserve for A$178 million ($117.41 million), expanding its digital offerings and presence in the...
NCLT approves Gayatri Projects’ settlement plan from promoters
The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved a ₹2,400 crore one-time settlement plan (OTS) by promoters of the engineering, procurement and construction company Gayatri Projects, pushing...
JSW Neo buys Statkraft hydro power unit in Himachal for ₹ 1,727 cr
JSW Neo Energy has acquired Statkraft’s hydro power unit in Himachal Pradesh for an enterprise value of ₹1,727 crore, according to a stock exchange disclosure on Thursday. ET had first reported in its Wednesday...
Roche to acquire liver drug developer 89bio for up to $3.5 billion
Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion, joining a race to offer new liver disease treatments that complement an intense push in the area of weight-loss drugs. The deal would help Roche...
