Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals...
Torrent Pharma closes in on JB Chem likely for $2.4 bn buyout, eyes $1.6 billion financing
Torrent Pharma is in advanced discussions with private equity group KKR to buy JB Chemicals and Pharmaceuticals, almost 10 months after their initial discussions fell through, said multiple people aware. KKR the...
Coal India to invest Rs 1,067 crore in Talcher Fertilizers
State-owned CIL on Friday said it will invest a little over Rs 1,067 crore in Talcher Fertilizers Ltd by way of acquiring shares through rights issue. Talcher Fertilizers Ltd was incorporated in 2015 as a joint venture...
Meta in talks to acquire voice cloning startup PlayAI: Report
Meta is in advanced talks to acquire voice cloning startup PlayAI as the social media giant maintains focus on acquiring top AI talent, according to a Bloomberg report. PlayAI, a Palo Alto, California-based startup...
Mazagon Dock marks first foreign acquisition with $53 million Colombo Dockyard deal
In its first-ever international acquisition, Mazagon Dock Shipbuilders announced on Friday that it will acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest shipbuilding and repair facility...
Asian Paints acquires 40% stake in White Teak
Asian Paints said that it has acquired balanced 40% stake in Obgenix Software (White Teak) from its promoters, Pawan Mehta, Gagan Mehta for total consideration of Rs 188 crore. The acquisition of the remaining stake in...
RTL buys Sky Deutschland in deal to take on US streaming giants
European broadcaster RTL Group said on Friday it would buy Sky Deutschland, in a deal that combines Sky’s sports and streaming offerings with RTL’s news and entertainment brands to create a business with 11...
Reinet Investments in talks to sell stake in UK insurer PIC
Luxembourg-based investment vehicle Reinet Investments said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC). The firm did not provide...
Dutch watchdog clears DPG’s acquisition of RTL Nederland
Dutch competition watchdog ACM said on Friday it had cleared RTL Group’s sale of its Dutch subsidiary RTL Nederland to Belgium-based DPG Media, under conditions meant to protect the independence of involved news...
GE Vernova explores sale of Proficy software unit, Bloomberg News reports
U.S. power equipment maker GE Vernova is exploring the sale of its industrial software business, Proficy, in a deal that could fetch as much as $1 billion, Bloomberg News reported, on Friday, citing people familiar with...
Miami’s Brickell City Centre sold to Simon Property in up to $548.7 million deal
U.S.-based shopping mall owner Simon Property Group has acquired the parking and retail segments of Miami’s Brickell City Centre for up to $548.7 million from Swire Properties, the Hong Kong-listed company said on...
Adani arm buys Granthik Realtors for Rs 86 cr to boost infra development plans
AdaniConneX Pvt Ltd, a joint venture of Adani Enterprises Ltd (AEL), has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore, the company informed stock exchanges on Friday. The acquisition, completed...
