Svatantra Microfin Pvt Ltd on Monday announced that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following NCLT approval. The approval for the amalgamation...
NCLAT adjourns hearing on Vedanta petition to Tuesday, asks to implead Adani as party
The insolvency appellate tribunal NCLAT on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash...
Grab to buy Delivery Hero’s Foodpanda Taiwan business for $600 million
Southeast Asia’s biggest ride-hailing and delivery firm, Grab, said on Monday it would pay $600 million in cash for Delivery Hero’s Foodpanda delivery business in Taiwan, in its first expansion outside the...
Hindustan Foods to acquire Ultra Beauty Care unit for ₹19.9 crore
FMCG contract manufacturer Hindustan Foods Ltd on Monday announced the acquisition of the ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for ₹19.9 crore. The...
SEPC jumps 7% as board clears acquiring 90% stake in Avenir International
SEPC shares jumped 7 per cent in trade on the BSE, logging an intra-day high at ₹4.98 per share. At 9:58 AM, SEPC’s share price was trading 5.16 per cent higher at ₹4.89 per share. In comparison, the BSE Sensex was up 1...
Estee Lauder in talks to merge with Jean Paul Gaultier-owner Puig in fragrance push
Estee Lauder is in talks regarding a potential business combination with Spanish beauty group Puig, the companies said on Monday, in a deal that would bring some of the world’s biggest beauty and fragrance...
Exor to generate $2.3 billion from stake sales in Iveco, GEDI, Lifenet and Nuo
Exor expects to rake in 2 billion euros ($2.32 billion) in proceeds this year from selling its stakes in four companies, the Agnelli family’s investment firm said on Monday. The firm has signed stake sale deals...
American Residential Services explores $3.5 billion-plus sale, sources say
The private equity owner of American Residential Services (ARS) is exploring a sale of the heating, ventilation, and air conditioning (HVAC) and plumbing services provider that could value it at over $3.5 billion...
Apollo, Bain in bidding for Continental industrial unit, Bloomberg News reports
Private equity firms including Apollo Global Management and Bain Capital are weighing bids for tyremaker Continental’s industrial division in a deal that could value it at roughly 3.5 billion euros ($4.06...
Cencora buys EyeSouth’s retina business in $1.1 billion deal
U.S. drug distributor Cencora said on Monday it would buy the retina-care business of EyeSouth Partners for $1.1 billion, bolstering its specialty medical services business. The deal will combine the privately held...
Gilead Sciences buys autoimmune biotech Ouro Medicines for $2.2bn
Gilead Sciences is buying autoimmune disease biotech Ouro Medicines for nearly $2.2bn as the drugmaker kick-starts a dealmaking spree emboldened by its near-record share price. The California-based company will pay...
PGCIL board nod to new merger plan for 28 subsidiaries
The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into two other group entities...
