JSW Paints has agreed to acquire Akzo Nobel’s India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic...
Bhushan Power liquidation will hurt all stakeholders, JSW Steel and lenders tell SC
JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the...
PB Fintech founders sell over 1% stake for Rs 920 crore
New Delhi, PB Fintech’s co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech’s chief executive...
GMR Hyderabad International Airport acquires 70% stake in Logistics Park
GMR Airports Ltd on Thursday said its subsidiary GMR Hyderabad International Airport Ltd has completed the acquisition of 70 per cent stake in its associate company — ESR GMR Logistics Park Pvt Ltd. GMR Hyderabad...
Meta in talks to acquire AI voice startup PlayAI for talent push
Meta Platforms Inc. is in advanced talks to acquire PlayAI, a small startup using artificial intelligence to replicate voices, part of the social media company’s push to nab top talent and catch up in the AI race. ...
JSW, Serentica, Actis, Blackstone, Brookfield in the fray to buy Vibrant Energy
Financial and strategic investors, including JSW Group, Vedanta Group’s Serentica, Blackstone, Brookfield, Sembcorp, and Actis, are looking at acquiring Vibrant Energy, a renewable energy company owned by Macquarie...
UK Mobile Bank Starling Looking to Buy a US Lender in Expansion
Starling Bank, one of the UK’s largest mobile-only banks, is looking to buy a nationally chartered bank in the US to continue the firm’s expansion in the market, according to a person with knowledge of the matter. The...
JetBlue’s second-largest investor will consider selling stake without changes
JetBlue Airways’ second-largest investor, Vladimir Galkin, is threatening to sell his near 10% stake in the struggling air carrier if the company’s cost-cutting plan and other broader efforts fail to turn...
DNOW to acquire MRC Global in $1.5 billion all-stock deal
Energy and industrial products supplier DNOW said on Thursday it would buy MRC Global in an all-stock deal valued at $1.5 billion, including debt. The combined company will operate over 350 service and distribution...
Italy’s Campari to sell Cinzano and Frattina brands for $117 million
Italian spirits group Campari has agreed to sell its historic Cinzano vermouth and its Frattina grappa brands to domestic rival Caffo Group 1915 for 100 million euros ($117 million), it said on Thursday. Founded in...
McDermott, Schulte partnerships vote to approve law firm merger
Partners at U.S. law firms McDermott Will & Emery and Schulte Roth & Zabel have voted to merge effective Aug. 1, the firms said in a joint statement on Thursday. The deal is set to create a 1,750-lawyer firm...
Unilever to pay $1.5 billion for men’s grooming brand Dr Squatch, FT reports
Unilever is paying $1.5 billion (1.09 billion pounds) to buy men’s personal care brand Dr Squatch from private-equity firm Summit Partners, the Financial Times reported on Friday, citing sources. The deal was...
