JK Tyre & Industries on Tuesday announced the completion of the merger of Cavendish Industries Ltd. (Cavendish), its subsidiary, with JK Tyre & Industries Ltd. Cavendish was acquired by JK Tyre in 2016 from...
CCI okays Blackstone’s proposal to acquire 9.99 pc stake in Federal Bank
Fair trade regulator CCI on Tuesday cleared US-based Blackstone’s proposal to acquire 9.99 per cent stake through warrants in private sector lender Federal Bank. Private equity firm Blackstone is acquiring a stake...
Aurobindo arm to acquire additional 20% stake in JV firm
Aurobindo Pharma on Tuesday said that it will pick up an additional 20 per cent stake in its China-based joint venture for USD 5.12 million. Helix Healthcare BV, a wholly-owned subsidiary of the company, has entered...
ServiceNow to buy cybersecurity startup Armis for $7.75 billion
ServiceNow has agreed to buy cybersecurity startup Armis for $7.75 billion in cash, the companies said on Tuesday, as the enterprise software maker looks to attract new customers amid growing risks of cyberattacks...
Tata Steel plan to buy BlueScope gets CCI nod
The Competition Commission of India said Tuesday it has approved Tata Steel Ltd’s proposed acquisition of sole control in Tata BlueScope Steel Pvt Ltd by purchasing the remaining 50% equity shareholding currently...
HCLSoftware to acquire business intelligence platform Jaspersoft for $240 million
HCLSoftware, the software business division of IT services company HCLTech, intends to acquire Jaspersoft, the business unit of Cloud Software Group, for $240 million in cash, the company has announced. The deal is...
Adani Ports completes acquisition of Australia’s NQXT in all-share deal
Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced that it has completed an all-share acquisition of Australia’s North Queensland Export Terminal (NQXT). APSEZ has allotted 14,38,20,153 equity shares of...
HCLSoftware set to buy agentic AI firm Wobby for $5.3 million
HCLSoftware, the software business division of IT services firm HCLTech, intends to acquire AI data analyst agents startup Wobby for €4.5 million (about $5.3 million) in cash, the company said on Monday. The Antwerp...
China clears Haier to dilute stake in India arm; Bharti–Warburg set to buy 49%: Sources
Chinese electronics major Haier has received the approval from the Chinese government to sell 49% stake in the wholly-owned Indian arm, Haier Appliances India, paving the way for the stake sell to Bharti Enterprises...
BP nears sale of majority Castrol stake to Stonepeak, WSJ reports
BP is nearing a sale of a majority stake in Castrol to investment firm Stonepeak in a deal that values the oil major’s lubricants unit at $10 billion, including debt, the Wall Street Journal reported on Tuesday...
Samsung Electronics unit Harman to acquire ZF Group’s ADAS business for $1.8 billion
Samsung Electronics announced on Tuesday a $1.8 billion deal to acquire Germany’s ZF Friedrichshafen’s autonomous driving technology unit to combine it with its audio business and offer next-generation in...
South Korean court rejects request to block Korea Zinc share sale linked to US smelter
A South Korean court on Wednesday rejected a request by two major shareholders of Korea Zinc – MBK Partners and YoungPoong – to block the zinc refiner’s plan to issue new shares to help fund a $7.4...
