Gaming firm Nazara Technologies and a consortium of financial services firm Resurgent India and Sanjay Lodha placed formal bids to buy Sachin Tendulkar-backed sports entertainment company Smaaash Entertainment Pvt. Ltd...
Zee board approves organization restructuring
Zee Entertainment Enterprises Ltd’s board of directors has endorsed a new organizational framework proposed by managing director and CEO Punit Goenka. Goenka, who will assume direct charge of the domestic...
Stellantis to acquire stake in Argentina solar power firm in green energy push
Automaker Stellantis said on Wednesday it will pay $100 million to acquire 49.5% of 360 Energy Solar, one of Argentina’s leading solar power producers, in a push towards making its plants more energy self...
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European...
Australia’s Rinehart takes stake in Lynas Rare Earths, shares jump
Australia’s richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken...
Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say
Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, two sources told Reuters, with an aim to tap into...
Hinduja arm asks NCLT to junk BHEL insolvency plea
Hinduja National Power Corporation Ltd (HNPCL) on Tuesday requested the National Company Law Tribunal that the insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd against it be dismissed...
Protos, Paharpur Cooling get CCI nod to raise stake in Thyssenkrupp India
The Competition Commission of India (CCI) said on Tuesday it has cleared the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering Company and Paharpur Cooling Towers. Thyssenkrupp...
Zee withdraws NCLT plea in Sony merger case
ZEE Entertainment Enterprises Limited (ZEEL) has withdrawn its application from the National Company Law Tribunal (NCLT) that sought directions to Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment...
Cipla to acquire Ivia Beaute’s cosmetics, personal care distribution, and marketing business for Rs 130 cr
Pharma major Cipla Ltd will acquire the cosmetics and personal care distribution and marketing business of Ivia Beaute Pvt Ltd, including the latter’s brands Astaberry, Ikin and Bhimsaini, on a worldwide basis for...
Saxo Bank explores strategic options including sale, sources say
Denmark’s Saxo Bank is exploring a possible sale, 18 months after talks to merge with a blank-cheque company fell apart, four people familiar with the matter told Reuters. The group, which offers digital trading...
Superdry plans to go private as it kicks off rescue plan
British fashion chain Superdry proposed a rescue package on Tuesday involving a fundraising backed by CEO Julian Dunkerton, quitting the London Stock Exchange and a restructuring plan, to avoid falling into...