Fair trade regulator CCI has approved the acquisition of portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd. “The proposed combination is in the nature of an...
CTUIL-Grid India merger back on Centre’s agenda to revamp transmission sector
The government is planning a renewed push to demerge the Central Transmission Utility of India Ltd (CTUIL) from Power Grid Corporation of India and subsequently merge it with Grid Controller of India (Grid India)...
SBI mulls raising stake in investment banking JV to 51% amid capital market boom
The State Bank of India is weighing a plan to take control of its investment-banking joint venture (JV) with Investec India, according to two people familiar with the matter. The move comes as India’s largest lender...
Third Point buys stake in Spanish defence firm Indra, source says
U.S. hedge fund Third Point has bought a stake in Spanish defence company Indra and supports its chairman’s plan to acquire smaller rival Escribano Mechanical & Engineering, a market source familiar with the...
Germany pursues stake purchase in tank maker KNDS to keep influence, sources say
Berlin is preparing to buy a minority stake in KNDS, the Franco-German maker of Leopard tanks, four people familiar with the matter said, as it seeks to preserve influence after a planned 20 billion euro ($23.7 billion)...
France’s AI company Mistral buys cloud service startup Koyeb
French artificial intelligence company Mistral AI said on Tuesday it had agreed to buy cloud computing service startup Koyeb based near Paris for an undisclosed amount. “With this first acquisition, Mistral AI...
Danaher to buy Masimo in $9.9 billion deal in diagnostics push
Danaher, a $150 billion U.S. company that makes tools used in developing and testing medicines, on Tuesday agreed to buy Masimo for $9.9 billion, expanding in patient-monitoring devices in a surprise move outside its...
Ovintiv to sell its Anadarko assets for $3 billion
Ovintiv said on Tuesday it agreed to sell its Anadarko assets in Oklahoma to an undisclosed buyer for $3 billion, as the company sharpens its focus on higher-margin plays in the Permian Basin and Canada’s Montney...
SGH, Steel Dynamics bid $10.6 billion for BlueScope Steel but investors remain wary
Australian steelmaker BlueScope Steel said it was considering a sweetened A$15 billion ($10.62 billion) takeover approach from SGH Ltd and U.S.-based Steel Dynamics, but investors remain hesitant that a deal will go...
BLS E-Services to acquire Atyati Technologies
BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore. In a regulatory filing, the company informed that the acquisition would be an all-cash deal and is expected to...
Torrent Power agrees to acquire Nabha Power from L&T
Torrent Power Ltd has agreed to acquire 100% equity and convertible instruments in Nabha Power Ltd from L&T Power Development Ltd, a wholly owned subsidiary of Larsen & Toubro. Nabha Power is a wholly owned...
Jindal Power, Vedanta and Havells among 22 bidders for Gupta Power
Jindal Power, Vedanta and Havells India are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure, which has admitted debtor claims of ₹4,240...
