Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing. The JV will be formed between Dixon and Longcheer’s...
Chettinad Cement, JK Lakshmi in race to acquire Deccan Cements
JK Lakshmi Cement and Chettinad Cement are bidding to acquire Telangana-based Deccan Cements, people aware of the talks told ET, as a state-driven infrastructure boom in neighbouring Andhra fuels demand for regional...
Torrent likely in talks to buy L&T’s power unit for $1 Bn
Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers...
Phoenix Mills to acquire CPP Investments’ 49% in Island Star JV for Rs 5,449 Crore
Retail-led mixed use realty developer The Phoenix Mills Ltd (PML) will acquire the 49% stake held by Canada Pension Plan Investment Board (CPP Investments) in their joint venture Island Star Mall Developers Pvt Ltd...
US FCC clears way for $8 billion Paramount-Skydance merger
The U.S. Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment...
Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology
Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday’s closing...
Ceconomy confirms it is in advanced talks with China’s JD.com
German electronics retailer Ceconomy confirmed on Thursday it was in advanced negotiations over a potential takeover by China’s JD.com at 4.60 euros per share. Bloomberg had earlier reported that JD.com was...
Constellation Energy receives nod from FERC for Calpine acquisition
Utility company Constellation Energy said on Thursday it has received a regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced $16.4 billion acquisition of Calpine...
Pinnacle Financial Partners, Synovus Financial to merge in $8.6 billion deal
Pinnacle Financial Partners and Synovus Financial have agreed to merge in an $8.6 billion all-stock deal, forming one of the largest regional banks in the southeastern United States with over $115 billion in combined...
Tilaknagar Industries acquires Imperial Blue from Pernod Ricard
Tilaknagar Industries has signed an agreement to acquire the Imperial Blue whisky brand in India from France’s Pernod Ricard for about Rs4150 crore in an all-cash deal, entering the whiskey segment which accounts for...
Natco Pharma to buy over 35% in South Africa’s Adcock Ingram
Hyderabad-based Natco Pharma on Wednesday said it has agreed to buy a 35.75% stake in Adcock Ingram, South Africa’s second-largest drugmaker, for ‘2,000 crore. The all-cash deal will give Natco Pharma a...
Aurum PropTech acquires REA India’s PropTiger in strategic share-swap deal
Listed property technology company Aurum PropTech has acquired 100% of PropTiger, the Indian arm of News Corp Australia-backed REA Group, through an all-stock strategic equity swap. This marks the first-ever share-swap...
