Rajasthan Royals has initiated a process for offloading a majority stake in the sporting franchise at a time when investor interest in the Indian Premier League (IPL) remains strong, people aware of the sale process...
Virat Kohli to sell One8 to Agilitas Sports; invests Rs 40 crore for minority stake
Cricketer Virat Kohli is selling his sportswear and athleisure brand One8 to Agilitas Sports and investing Rs 40 crore to acquire a minority stake in the latter. Agilitas Sports is acquiring One8 eight months after...
Larsen & Toubro to consolidate real estate business
Larsen & Toubro has decided to transfer its real estate business, Realty, to L&T Realty Properties, a wholly owned subsidiary of the company, through a slump sale via a scheme of arrangement. This strategic...
Adani submits ₹15,000-crore plan for Jaiprakash Associates for NCLT’s approval
Billionaire Gautam Adani–promoted Adani Enterprises Ltd on Monday submitted its resolution plan of over ₹15,000 crore for bankrupt Jaiprakash Associates Ltd (JAL) before the Allahabad Bench of the National Company Law...
Will the Netflix-Warner Bros. merger go through?
Warner Bros. Discovery announced on Friday that it intends to sell its major assets to Netflix. If the $72 billion cash-and-stocks transaction goes through, Netflix will gain control of Warner Bros. Pictures, DC...
Boeing closes Spirit AeroSystems purchase in major supply chain realignment
Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world’s largest independent wing and fuselage maker. The U.S. planemaker’s European rival...
Mirum to buy Bluejay for up to $820 million in bet on liver-disease drug
Mirum Pharmaceuticals said on Monday it will buy Bluejay Therapeutics in a deal worth up to $820 million, adding a late-stage experimental drug for a severe liver disease. The deal will give the company worldwide rights...
L’Oreal to increase stake in skin care firm Galderma to 20%
L’Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip...
Putin clears deals with Rosneft and Shell’s joint-venture stake in Caspian Pipeline Consortium
Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft and Shell’s joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan. The...
Antero to buy HG Energy’s gas producing assets in $2.8 billion deal
Antero Resources said on Monday it would buy assets from privately held HG Energy in a deal valued at $2.8 billion, as the U.S. natural gas producer looks to expand its footprint. Separately, Antero Midstream, which...
Canada’s Transcontinental to sell its packaging unit in $1.61 billion deal
Transcontinental said on Monday it would sell its packaging unit to ProAmpac Holdings in a C$2.22 billion ($1.61 billion) deal, including debt, sending the Canadian firm’s shares up 28%. The sale comes at a time...
Infinity Natural Resources to acquire Ohio shale assets for $1.2 billion
Infinity Natural Resources said on Monday it will acquire upstream and midstream assets in Ohio from Antero Resources and Antero Midstream for a combined $1.2 billion.
