Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday. The...
KKR, Kreate complete purchase of South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have completed the purchase of Cheongna Logistics Center, which they say is South Korea’s largest...
UK’s IPF agrees to $733 million takeover by BasePoint entity
British lender International Personal Finance said on Monday it has agreed to a 543 million-pound ($732.51 million) takeover by a company associated with BasePoint Capital, finalising terms ahead of a December 31...
NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT order
Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the...
Culver Max insolvency plea against fintech firm: NCLAT quashes NCLT order, directs fresh hearing
In a relief to Culver Max Entertainment (formerly known as Sony Pictures Network India), appellate Tribunal NCLAT has set aside an NCLT order rejecting the insolvency plea filed by the broadcaster against an Odisha...
India’s tech M&As on a three-year high with deal value touching $29 billion
India’s technology mergers and acquisitions hit a three-year high in 2025, with total deal value expected at $26-29 billion, up 30% from $20 billion in 2024, exclusive data shared by EY showed. Deal activity has...
Lenskart’s subsidiary to acquire nearly 29% stake in Korea-based startup iiNeer
Lenskart Solutions said that its wholly owned subsidiary Lenskart Solutions Pte. Ltd., Singapore, would invest 3 billion Korean Won for acquiring 123,945 preference shares or 29.24% of the share capital of iiNeer Corp...
Arvind Fashions to acquire balance stake in Arvind Youth Brands
Arvind Fashions has entered into a Share Purchase Agreement (SPA) with Flipkart India (seller) to acquire the seller’s entire shareholding i.e. 31.25% on a fully diluted basis in Arvind Youth Brands (subsidiary of...
JBM Group signs exclusivity pact to buy Fortum’s EV charging business in India
Gurugram-headquartered JBM Group has signed an exclusivity agreement to acquire a majority stake in GLIDA, the Indian electric vehicle (EV) charging network of Finnish state-run energy utility Fortum Oyj, two people...
PNB invites bids from ARCs for stressed assets
State-run Punjab National Bank (PNB) has invited offers from asset reconstruction companies (ARCs) to sell bad loans worth Rs 2,560 crore, including exposures of Rs 468 crore to Millennium Expressway, Rs 390 crore to...
Bhilwara Energy signs pact to acquire 76 MW hydro project in Uttarakhand
Diversified LNJ Bhilwara Group on Thursday said it has signed an agreement to acquire a 100 per cent stake in Mandakini Jal Urja, which is constructing a 76 MW hydro project in Uttarakhand, for an undisclosed amount...
Jupiter Hospital, Reliance-backed co in race for Mumbai SevenHills
A Reliance Industries-backed company and Jupiter Hospital are in the fray to acquire the unlisted SevenHills Healthcare, people with knowledge of the matter told ET. The target is a 1,500-bed hospital embroiled in a...
