Anthony Pompliano’s crypto venture ProCap Financial will go public in the U.S. through a merger with blank-check vehicle Columbus Circle Capital Corp, the American entrepreneur said on Monday. The combined company...
India Cements to sell its subsidiary Industrial Chemicals
India Cements Ltd (ICL), owned by the Aditya Birla group, on Saturday said it will sell its subsidiary Industrial Chemicals and Monomers to Mirai Sensing. The board of the company has approved the sale with a...
JSW Energy to bid for Raigarh Champa Rail Infra as NCLAT allows fresh bidding
National Company Law Appellate Tribunal quashed a Hyderabad bench NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. This is a relief for...
Snap Inc acquires social calendar app Saturn to deepen Gen Z engagement
Snap Inc. has acquired Saturn, a social calendar app used by high school students across the US, the company confirmed on Friday. While financial terms of the deal were not disclosed, the app will continue to operate...
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Nirma Group’s Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement. The money was...
NCLAT directs NCLT to hear, pass order on Gensol’s former independent director plea
The appellate tribunal NCLAT has directed the NCLT to hear and pass an order on the plea moved by former Gensol Engineering independent director Harsh Singh against the tribunal verdict for investigation against...
Hindalco Inds rises after acquiring 100% stake in Aditya Holdings LLC via subsidiary
Hindalco Industries rose 1.84% to Rs 653.25 after the company announced that its wholly owned subsidiary, A.V. Minerals (Netherlands) N.V., had acquired a 100% stake in Aditya Holdings LLC, making it a step-down wholly...
Krutrim acquires BharatSah’AI’yak to expand AI footprint in public sector
Krutrim, the artificial intelligence start-up founded by Ola’s Bhavish Aggarwal, has acquired BharatSah’AI’yak, an AI-powered platform developed by Samagra, in a move aimed at deepening its footprint in India’s public...
Metro’s biggest shareholder open to selling stake, sources say
Colombian billionaire Jaime Gilinski Bacal is open to selling his majority stake in British lender Metro Bank and has received interest from investors, two people with knowledge of the matter said. Gilinski, who sits on...
Buyout firm Penta chooses bankers for sale of Britain’s Amber River, sources say
Private equity firm Penta Capital has enlisted bankers to sell financial planning company Amber River, four sources familiar with the matter said, in what would be the latest in a wave of dealmaking to hit...
ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia
ArcelorMittal, the world’s second-largest steelmaker, said it signed a deal on Friday to sell its operations in Bosnia and Herzegovina, comprising a steel mill and an iron ore mine, to the Bosnia-based Pavgord...
Haveli Investments to buy AI database firm Couchbase for about $1.5 billion
Haveli Investments will acquire Couchbase for about $1.5 billion, the companies said on Friday, as the private equity firm looks to capitalize on the artificial intelligence-focused database company’s platform...
