Reliance Industries Limited on Tuesday said its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited for an aggregate...
NCLT admits Smaaash Leisure into insolvency
The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction...
Australia’s Qoria to merge with US-based Aura in $675 million deal
Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian...
Transworld Shipping Lines completes acquisition of Transworld Integrated Logistek & Transworld Logistics
Transworld Shipping Lines (formerly known as Shreyas Shipping & Logistics) announced the successful acquisition of 100% equity stake in Transworld Integrated Logistek (TILPL) and Transworld Logistics (TLPL). With...
Zensar in talks to acquire promoter stake in Mastek
IT firm Zensar Technologies is in talks to acquire an 18–20% stake from promoters of mid-sized peer Mastek, three people familiar with the matter told Mint. The proposed transaction is expected to be valued at over $200...
Elon Musk’s SpaceX acquires xAI in record-setting deal ahead of mega IPO
Billionaire Elon Musk said on Monday that his rocket venture, SpaceX, has acquired his artificial-intelligence startup xAI in a record-setting deal. The deal was announced in a memo, sources told Bloomberg. According to...
Premji Invest picks 23% in Bharat Forge unit for ₹300 crore
Premji Invest is set to pick up a 23% stake in JS Auto Cast Foundry India Pvt. Ltd, a unit of Bharat Forge, for ₹300 crore, as per stock exchange disclosures made by the Baba Kalyani-backed firm. The transaction is...
Donerail offers to buy superyacht service company MarineMax in all-cash deal valued at roughly $1 billion, sources say
Donerail Group has offered to buy MarineMax for $35 per share in an all-cash deal that would value the superyacht service company at just over $1 billion, three sources familiar with the matter told Reuters. The offer...
ESAB to buy Canadian testing equipment maker Eddyfi for $1.45 billion
Welding gear maker ESAB Corp said on Monday it would acquire testing instrument manufacturer Eddyfi Technologies for $1.45 billion, aiming to broaden its product portfolio and gain exposure to booming markets such as...
Eldorado Gold to buy Foran Mining in $2.8 billion deal to deepen copper exposure
Eldorado Gold will acquire Canada’s Foran Mining in a deal valuing the copper-focused developer at about C$3.8 billion ($2.79 billion), adding a second near-term growth project and increasing its exposure to...
Advent to buy 14.3% of Indian mortgage lender Aditya Birla Housing Finance for $304 million
Private equity firm Advent International will buy a 14.3% stake in India’s Aditya Birla Housing Finance for 27.5 billion rupees ($304.1 million), the latter’s parent said on Tuesday. The deal values the...
Devon, Coterra will merge to create $58 billion US shale giant
Oklahoma City-based Devon Energy and Houston’s Coterra Energy are merging in an all-stock deal to become a large-cap producer with a top position in the Permian Basin as shale operators consolidate to cut costs...
