Estee Lauder said it’s in talks to buy Puig Brands in a deal that would create a cosmetics giant with about $20 billion in annual sales. The companies declined to offer details on the terms. Puig, based in Spain...
Consortium led by ABG and The Times of India Group acquires RCB for $1.8 billion
A consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures and a Blackstone fund has acquired Royal Challengers Bengaluru (RCB) for $1.78 billion, setting surging valuation benchmarks for T20...
NCLAT declines Vedanta’s plea to stay Adani Group’s bid to acquire JAL
The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to grant an interim stay on Vedanta Group’s plea challenging the National Company Law Tribunal (NCLT)’s decision to approve Adani...
Kajaria Ceramics acquires balance 10% stake in Kajaria Surfaces
Kajaria Ceramics has acquired 9,50,000 (i.e. 10%) equity shares of Kajaria Surfaces. Consequently, Kajaria Surfaces has become a wholly-owned subsidiary of the Company. The purpose of the acquisition was to make Kajaria...
AMG Media Networks completes acquisition of IANS India
AMG Media Networks, a wholly owned subsidiary of Adani Enterprises, has completed the acquisition of the balance stake in IANS India [24% Category I shares (with voting rights) and 0.74% Category II shares (without...
Reliance Jio in talks with investors to sell 8% of individual stakes in IPO, sources say
Indian billionaire Mukesh Ambani’s Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8% of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI company, sources...
China bars Manus co-founders from leaving country as it reviews sale to Meta, FT reports
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the...
Victory Capital abandons Janus Henderson bid, clearing path for Trian-led deal
Victory Capital said on Tuesday it had withdrawn its roughly $8.6 billion proposal to buy Janus Henderson, exiting a drawn-out bidding war hours after Nelson Peltz’s Trian Fund Management and General Catalyst...
Capricorn Energy confirms Dragon Oil’s proposal for Western Desert assets
Oil producer Capricorn Energy confirmed on Tuesday that it had received multiple proposals from Dragon Oil for the potential acquisition of its Western Desert assets. Capricorn did not disclose the proposed terms...
Australia’s Pepper Money knocks down $706 million takeover bid, cites execution issues
Australia’s Pepper Money said on Wednesday it has rejected the takeover proposal from Challenger as the offer was not “reasonably capable of execution”, a week after the bidders lowered the price...
Merck nears $6 billion acquisition of Terns Pharma to boost cancer portfolio, FT reports
Pharmaceutical company Merck is nearing a roughly $6 billion all-cash deal to acquire biotech firm Terns Pharma, the Financial Times reported on Tuesday, citing people familiar with the matter. The potential...
Hungary’s MOL has U.S. approval to continue NIS acquisition talks
Hungary’s MOL said it received U.S. approval to continue negotiations regarding the acquisition of a majority stake in Serbia’s NIS refinery, with the deadline for negotiations extended until May 22. In...
