Bandhan Bank MD & CEO Chandra Shekhar Ghosh is reportedly considering options to monetise his holding in Bandhan Financial Services, moving towards a partial divestment in Bandhan Bank, the Hindu BusinessLine...
WEC Energy to acquire majority stake in Dallas solar project
U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million. The 300-megawatt solar project Delilah I is developed by...
L’Occitane’s billionaire owner Geiger to take firm private in $1.8 bln deal
Hong Kong-listed L’Occitane International’s chairman and controlling shareholder will take the French skin-care firm private, valuing it at a maximum of HK$13.91 billion ($1.78 billion), the company said on...
Japan’s Ono to buy US drugmaker Deciphera for $2.4 bln
Deciphera Pharmaceuticals said on Monday Japan’s Ono Pharmaceutical Co will acquire the cancer drugmaker for $2.4 billion to expand its oncology portfolio and presence in the United States and Europe. Ono Pharma...
NCLT OKs Macrotech Developers’ acquisition of Centaur Hotel owner’s V Hotels
A bankruptcy court approved Macrotech Developers’ acquisition of Mumbai-based V Hotels Ltd, owner of Tulip Star, earlier known as the iconic Centaur Hotel. Lodha Group-owned Macrotech Developers is paying around Rs 890...
ITPCL debt restructuring: NCLAT rejects SBI’s objection on liquidation value provided by PNB
Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle...
Reliance Capital lenders ask Hinduja Group arm IIHL to stick to resolution plan deadline, seek ₹9,650 crore
Lenders of debt-ridden Reliance Capital (RCAP) have asked the Hinduja Group arm IndusInd International Holdings Ltd (IIHL) to expedite the process of obtaining necessary regulatory approvals and stick to the resolution...
Shareholders of ICICI Securities lodge lawsuit with NCLT over delisting proposal: Report
A group of shareholders led by an investment manager based in Bengaluru has initiated proceedings with the National Company Law Tribunal concerning ICICI Bank’s proposal to remove its broking subsidiary, ICICI...
After Magzter, Dailyhunt parent to pursue acquisitions more aggressively
VerSe Innovation, the parent of news aggregator Dailyhunt and short-video sharing app Josh, is “acquisition hungry”, as it embarks on a journey to expand its user base, explore monetization opportunities...
Blackstone to make improved bid for Hipgnosis, Sky News reports
Private equity giant Blackstone is preparing to lodge an improved bid for Hipgnosis Songs Fund which owns the music rights of artists including Shakira and Blondie, Sky News reported on Sunday. Blackstone’s bid...
L’Occitane’s billionaire owner close to possible $7 billion buyout bid, Bloomberg reports
The billionaire owner of L’Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion including debt...
ATC Telecom Infrastructure exits Vodafone Idea; sells entire stake for Rs 1,840 cr
ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for Rs 1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure...