Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Wednesday said it will acquire a majority stake in French aircraft parts manufacturer Lauak Group. Lauak Group is a 50-year-old...
Jio Financial acquires SBI’s full stake in JPBL for ₹104.54 crore
Jio Financial Services on Wednesday announced that it has acquired 79,080,000 equity shares of Jio Payments Bank (JPBL) from the State Bank of India (SBI) for ₹104.54 crore. Consequent to this acquisition, JPBL has...
Nippon steel acquires US steel for $14.9 bn with Trump-backed deal
Nippon Steel’s $14.9-billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company’s 18-month struggle...
CCI clears Delhivery’s ₹1,400 crore acquisition of Ecom Express stake
Fair trade regulator CCI on Tuesday cleared logistics services provider Delhivery’s proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore. “The proposed combination comprises the...
Vedanta divests 1.6% stake in subsidiary company Hindustan Zinc for ₹3,028 crore
Mining and metals major Vedanta confirms paring stake in subsidiary Hindustan Zinc on Wednesday, June 18, in a bid to deleverage and strengthen its balance sheet. Several media reports yesterday indicated that Vedanta...
Bayview to buy remaining stake in mortgage lender Guild for $1.3 billion
Investment firm Bayview Asset Management will buy all shares of Guild Holdings that it does not already own for $1.3 billion in cash, taking the mortgage lender private nearly five years after it was listed. Under the...
Totvs, in talks to buy Linx, eyes other Brazil deals in 2025
Brazilian software company Totvs SA is eyeing targets for acquisitions this year beyond StoneCo’s Linx unit, Chief Executive Dennis Herszkowicz said in an interview, adding the company will not need to sell assets...
Keyera to buy Plains’ Canadian natural gas liquids business for $3.77 billion
Keyera Corp said on Tuesday it has agreed to buy substantially all of U.S.-based Plains’ Canadian natural gas liquids business for C$5.15 billion ($3.77 billion) in cash. The buyout expands Keyera’s position...
Australia’s Macquarie picks up stakes in UK airports
Australia’s Macquarie Group said on Wednesday that its asset management arm has acquired stakes in Bristol, Birmingham and London City airports from Ontario Teachers’ Pension Plan for an undisclosed amount...
Warburg Pincus to evaluate buying majority stake in Nuvama Wealth: Report
American private equity firm Warburg Pincus is said to evaluate a proposal to purchase a majority equity stake in Nuvama Wealth Management with promoter entity Pagac Ecstasy Pte Ltd looking to offload its 54% stake...
PNB sells entire 21% stake in ISARC for Rs 34 crore
State-owned Punjab National Bank said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore. In March, the Reserve Bank of India had granted approval for...
PE firm True North exits Zydus Wellness; sells 7.27% stake for Rs 879 crore
Mumbai-based True North on Tuesday exited Zydus Wellness by divesting its entire 7.27 per cent stake in the company while PPFAS Mutual Fund acquired the shares for Rs 879 crore through an open market transaction...
