Jana Small Finance Bank has initiated a process to merge its non-operative financial holding company into core investment company to create a leaner structure even as the bank is awaiting Reserve Bank of India’s...
Foseco agrees to buy 75% stake in Morganite Crucible
Foseco has agreed to acquire 75% stake in Morganite Crucible (India) Limited for Rs. 653 crore, both companies said in separate stock exchange disclosures. The consideration for the stake purchase will be paid in stock...
Rheinmetall wants to take over German shipbuilder NVL, Bild reports
Defence group Rheinmetall wants to take over German shipbuilder Naval Vessels Luerssen, the German daily Bild reported on Wednesday, citing industry sources. According to Bild, the Luerssen family, who own the...
Japan’s Sompo to acquire Aspen Insurance for $3.5 billion in westward push
Sompo Holdings said on Wednesday that it would acquire New York-listed Aspen Insurance Holdings for about $3.5 billion, joining a number of Japanese financial firms that are investing in overseas assets to drive growth...
South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump
South Korea’s HD Hyundai Heavy Industries, the world’s biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding...
Mercedes-Benz offloads Nissan stake for $325 million, source says
The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday. Shares...
Berlusconi-backed MFE set to clinch Germany’s ProSieben after PPF sells stake
MediaForEurope (MFE) is set to take control of ProSiebenSat.1 after Czech investment group PPF on Wednesday said it would sell its stake in the German broadcaster to the TV group controlled by Italy’s Berlusconi...
Imagicaaworld to acquire Malpani Parks Ahmedabad for ₹75 crore
Imagicaaworld Entertainment has announced plans to acquire Malpani Parks Ahmedabad Private Limited (MPAPL), a promoter-owned entity, in a deal valued at up to ₹75 crore. The company’s board approved the acquisition on...
PE firm Thoma Bravo plans to buy Verint Systems in $2 billion deal: Report
US private equity firm Thoma Bravo is planning to acquire call center software maker Verint Systems for about $2 billion, including debt, Bloomberg News reported on Sunday, citing people familiar with the matter. The...
Reliance Industries shares in focus after Rs 45 crore Nauyaan Shipyard buyout
Shares of Reliance Industries Ltd (RIL) are set to be in focus on Monday, after the conglomerate completed a Rs 45.32 crore deal to take full control of Nauyaan Shipyard Pvt Ltd, marking the final leg of a phased...
TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140–150 million
TPG Inc has emerged as the frontrunner to buy a significant minority stake in Tessolve, the semiconductor design and engineering company majority owned by Hero Electronix, people familiar with the matter told ET...
ITC seeks CCI nod to acquire ABREL’s Century pulp paper biz for ₹3,498 cr
ITC Ltd has sought the CCI’s approval to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. “The proposed transaction refers to the sale of the target business...
