Gautam Adani-led Adani Group has received approval from the Committee of Creditors of Jaiprakash Associates after lenders voted in favour of its resolution offer for the bankrupt infrastructure and industrial group. The...
Kotak, Federal Bank in talks to acquire Deutsche Bank’s India retail & wealth portfolios
Kotak Mahindra Bank and Federal Bank are in the race to purchase the retail and wealth management businesses of Deutsche Bank in India, multiple people familiar with the matter told ET. This is the second attempt in...
Bajaj Auto completes majority acquisition of KTM after regulatory nod
Bajaj Auto Ltd has completed its acquisition of a majority stake in Austrian motorcycle maker KTM AG, after receiving the final approval from European regulators for its €800-million deal. The company confirmed the...
Dhan parent Raise Financial acquires algo trading platform Stratzy in cash-and-stock deal
Raise Financial, the parent of online stock trading platform Dhan, has fully acquired Stratzy, an algo-based investing and trading startup, in a cash-and-stock deal valued at $4-4.5 million, said people familiar with...
Adobe to buy software provider Semrush in $1.9 billion deal
Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen its marketing tools and attract brands with generative artificial intelligence...
Early Paytm backer Elevation Capital part sells stake in fintech worth Rs 1,556 crore
Venture Capital firm Elevation Capital, which was among the earliest backers of Paytm, sold a nearly 2% stake in the fintech platform’s parent One 97 Communications for Rs 1,556 crore, according to bulk deal data on the...
Adani Enterprises arm completes 13% stake sale worth Rs 4,646 cr in AWL to Wilmar subsidiary
Adani Enterprises announced the completion of its stake sale in AWL Agri Business on Wednesday, where the company’s subsidiary Adani Commodities LLP (ACL), sold a 13% stake in AWL to Lence, a wholly owned...
RPSG Ventures to acquire 40% of FSP Design for ₹455 crore in luxury push
Sanjiv Goenka’s RPSG Ventures has approved a deal to acquire 40 per cent of luxury fashion label FSP Design at an enterprise value of Rs 455.17 crore with a cash consideration. The company will also have the option to...
Choice Intl gains after arm acquires 100% stake in Ayoleeza Consultant
Choice International rose 1.66% after the company’s subsidiary, Choice Consultancy Service (CCSPL) has acquired 100% shareholding in Ayoleeza Consultant, strengthening its advisory and consultancy capabilities...
Palo Alto Networks to buy Chronosphere for $3.35 billion, raises annual forecasts
Palo Alto Networks said on Wednesday it will buy cloud management and monitoring company Chronosphere for $3.35 billion, as the cybersecurity firm looks to strengthen its AI offerings. The Santa Clara, California-based...
Blockfusion to list in New York via $450 million SPAC deal
Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector...
Atkore explores potential sale after activist pressure, Bloomberg News reports
Electric component maker Atkore is considering options including a potential sale after it came under activist investor pressure, Bloomberg News reported on Wednesday, citing people familiar with the matter...
