L3Harris Technologies is nearing a deal to sell a 60% stake in a portfolio of space and propulsion businesses to private equity firm AE Industrial Partners as the large defense company sheds some NASA business lines to...
Arugn Tech gets MIB nod to buy AION Capital’s stake in Planetcast Media
The Ministry of Information and Broadcasting (MIB) has approved Arugn Technologies’ proposal to acquire Apollo Global-backed AION Capital’s stake in teleport operator Planetcast Media, marking a significant...
Devyani & Sapphire to merge, form QSR giant
Devyani International and Sapphire Foods India, which operate KFC and Pizza Hut quick service chains in India, are merging operations to create the country’s largest single quick-service restaurant (QSR) entity...
Timken India update on acquisition of 26% stake in Sunstreamgreen Energy C&I Three
Timken India had entered into an Agreement to acquire 26.1% equity shares of Sunstreamgreen Energy C&I Three to purchase power under the Group Captive Scheme and this transaction would be completed on or before...
Canada’s Robex greenlights $1.45 billion merger with Australia’s Predictive Discovery
Australia’s Predictive Discovery said on Wednesday, shareholders of Canada’s Robex Resources approved a A$2.17 billion ($1.45 billion) merger, paving the way to create a mid-tier gold producer in West Africa...
Bain Capital buying South Korean activewear firm Echo Marketing in $344 million deal
Bain Capital is buying a 43.66% stake in South Korea’s Echo Marketing, which owns local activewear brand Andar, from its founder and another shareholder for 216.6 billion won ($150.14 million), Echo said in a...
Saks Global prepares for bankruptcy after missing debt payment, WSJ reports
Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter...
IHCL exits Taj GVK after selling 25.52% stake
The Indian Hotels Company announced on Tuesday that it has sold its entire shareholding in Taj GVK Hotels & Resorts, formally ending its ownership relationship with the company. In a stock exchange filing, the now...
Go Digit General Insurance board okays merger with holding company
Go Digit General Insurance’s board has approved a plan to merge its holding company, Go Digit Infoworks Services, with the listed insurer. This will be the first time an insurance company has merged with a non-insurance...
Paramount TPA to merge with Medi Assist Insurance TPA
Medi Assist Healthcare Services Ltd on Monday said its step down subsidiary Paramount Health Services & Insurance TPA Private Ltd (Paramount TPA) decided to merge with another group entity Medi Assist Insurance TPA...
KKR, Kreate acquire South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have purchased Cheongna Logistics Center, in what they called South Korea’s largest single-asset...
Aurobindo Pharma to acquire 26% stake in Swarnaakshu Solar Power
Aurobindo Pharma announced that, pending receipt of state government approval for setting up a captive solar power plant, the required investment for acquiring 26% in Swarnaakshu Solar Power will be completed on or...
