The government has launched an Offer for Sale (OFS) to sell up to a 5% stake in Bharat Heavy Electricals (BHEL). Under the offer, the Centre will first sell a 3% stake, with an option to sell an additional 2% if the...
Reliance Consumer Products acquires health foods maker Southern Health
Reliance Consumer Products Ltd (RCPL), an arm of Reliance Industries, has acquired Southern Health Foods, a leading Tamil-Nadu-based maker of health foods, housing the brand “Manna”. The acquisition amount has not been...
Zenyum, MakeO Toothsi to merge, creating Asian consumer dental group
Singapore-based consumer dental firm Zenyum and India’s MakeO Toothsi said on Wednesday that they were planning to merge, aiming to create what they called Asia’s leading consumer dental company spanning...
Clear Channel Outdoor to be acquired by Mubadala Capital, TWG in $6.2 bln deal
Clear Channel Outdoor Holdings said on Monday it had agreed to be acquired by Mubadala Capital, in partnership with TWG Global, in a deal valuing the U.S. billboard operator at $6.2 billion. Under the terms of the...
Telefonica sells Chile unit to NJJ, Millicom for $1.2 billion
Spanish telecoms giant Telefonica said on Tuesday it has sold its mobile unit in Chile to French holding company NJJ and Luxembourg-based Millicom, both owned by billionaire Xavier Niel, in line with Telefonica’s...
TotalEnergies takes over 100% of Zeeland refinery from co-owner Lukoil, sources say
French oil major TotalEnergies has taken full ownership of the Zeeland refinery in the Netherlands, re-acquiring the remaining 45% stake owned by Russia’s Lukoil, two sources with knowledge of the matter told...
Google secures EU antitrust approval for $32 billion Wiz acquisition
Alphabet’s Google gained unconditional EU antitrust approval on Tuesday for its $32 billion acquisition of cybersecurity company Wiz, its biggest ever deal, after regulators said the deal would not raise any...
Ajanta may raise Rs 2,000 crore to buy Restaurant Brands Asia
Ajanta Pharma’s promoters are exploring financing options of up to ₹2,000 crore to fund the acquisition of a controlling stake in Restaurant Brands Asia, the India and Indonesia franchisee of Burger King, in a...
Actis ‘Sprngs’ a surprise, enters race to re-acquire co from Shell
Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch energy major in 2022, said people with...
Hillhouse set to buy 5% in Quest Global
Asia-focused PE firm Hillhouse Investment Management is set to acquire around 5% of Quest Global, the Carlyle Group-backed engineering services outsourcing company, at an estimated valuation of about $4.5 billion...
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal’s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its...
Impresario in talks to acquire mid-sized restaurant chains ahead of proposed IPO
Impresario Entertainment & Hospitality, which owns casual dining chains Social, Smoke House Deli, and Mocha, is in talks with about half a dozen mid-sized restaurant chains and cafes for potential acquisitions, and...
