Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal...
Star Localmart acquires Bengaluru-based DusMinute to expand footprint
Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), on Monday said it has acquired Bengaluru-based retail chain DusMinute, which operates in gated communities, for an undisclosed amount. This acquisition will...
China’s CATL sells stake in Finnish subcontract car manufacturer
Chinese battery maker Contemporary Amperex Technology (CATL) is selling its 20.6% stake in subcontract Finnish car maker Valmet Automotive to the Finnish state and another shareholder, Finland’s government said on...
UK’s Revolut kicks off secondary share sale at $75 billion valuation, source says
Revolut has launched a secondary sale of its shares valuing the financial technology giant at $75 billion, a source familiar with the company said on Monday, as the London-based group doubles down on its expansion plans...
CapVest to acquire majority stake in Stada, ending German firm’s IPO plans
London-based buyout firm CapVest Partners is to acquire a majority stake in Stada Arzneimittel, the German generic drugmaker said on Monday, in what is set to be one of the biggest takeover deals in Europe this year...
NCLT admits Canara Bank’s insolvency plea against Supreme Infra’s Highway SPV
The National Company Law Tribunal (NCLT) has admitted Canara Bank’s insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme...
How virtual data rooms simplify mergers and acquisitions
Mergers and acquisitions become important in fast-growing economies like India, as businesses look to expand, consolidate, or attract global investors. With deals worth nearly $85 billion recorded in 2023, India’s...
BHEL acquires technology from Defence Metallurgical Research Laboratory
Bharat Heavy Electricals (BHEL) has signed a License Agreement for Transfer of Technology (LAToT) with Defence Metallurgical Research Laboratory (DMRL), Hyderabad, a research laboratory of the Defence Research and...
Samvardhana Motherson to buy 81% stake in Japan’s Yutaka Giken for $184 mn
Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan’s Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million...
China’s GCL expects more information soon on polysilicon restructuring
A GCL Technology Holdings official signalled in a call with investors on Sunday that more information on a plan to restructure China’s polysilicon industry would be released soon. “We believe that clearer...
Capgemini seeks Competition Commission’s clearance to acquire Cloud4C
French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C. The development comes after Capgemini announced on Tuesday...
Spirit Airlines files for second bankruptcy in a year as financial challenges persist
U.S. no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The Florida-based carrier...
