Magellanic Cloud has allotted 46,72,000 equity shares of face value of Rs 2 each at an issue price of Rs 75 per share aggregating to Rs 35.04 crore on preferential allotment basis through private placement to the...
Biscuit maker Anmol Industries puts fundraising back on the table, hires PwC
Kolkata-based Anmol Industries Ltd (AIL), which makes biscuits, cakes, cookies and rusks, has restarted discussions to sell a minority stake to raise $150-200 million, according to multiple people familiar with the...
Payments firm BILL is exploring a sale, sources say
Payments firm BILL Holdings is exploring a sale, two sources familiar with the matter told Reuters on Tuesday, as it faces pressure from activist investors. Shares of the company — which has a market capitalization of...
Novonor denies progress in talks regarding its controlling stake in Braskem
Brazilian engineering group Novonor has made no “material progress” in talks regarding a potential sale of its controlling stake in petrochemical firm Braskem, the latter said in a filing on Tuesday, citing...
Indian Hotels, ITC, EIH, others in race for Pune’s Crowne Plaza
Indian Hotels, ITC Hotels and EIH Ltd are among hospitality companies to have shown interest in acquiring Crowne Plaza, a Pune-based five-star hotel owned by Advantage Raheja group, said people aware of the development...
US-based investment firm Blackstone to acquire majority in Ritz-Carlton Bengaluru from Nitesh Land
US-based investment firm Blackstone is acquiring up to 55% stake in the entity that owns the Ritz-Carlton Bengaluru from Nitesh Land. According to people familiar with the development, if Blackstone picks up 51-55%...
US private equity firm General Atlantic set to acquire 7% of Balaji Wafers for ₹2,500 crore
US private equity firm General Atlantic is in the final stages of buying a 7% stake in Balaji Wafers for ₹2,500 crore (approximately $282 million), valuing the Gujarat-based packaged ethnic snack maker at about ₹35,000...
KKR sells aerospace parts firm Novaria Group to Arcline for $2.2 billion
KKR has struck a deal to sell aerospace and defense hardware maker Novaria Group to industrials-focused private equity firm Arcline Investment Management for $2.2 billion, the company and the seller told Reuters on...
Rumble to buy German AI firm Northern Data for about $767 million, shares soar
Video platform Rumble, which hosts U.S. President Donald Trump’s social media platform Truth Social, said in a statement on Monday it is acquiring German AI cloud company Northern Data in an all-stock deal valued...
KKR, TPG and Warburg Pincus to bid for Hong Kong-based Acclime in over $900mln deal, sources say
Acclime, a Hong Kong-based advisory and corporate services firm, has selected a handful of bidders to submit binding offers for the company, in a deal that could value the firm at more than $900 million, three people...
AGL sells Tilt Renewables stake to QIC, Future Fund for $487 million
Australia’s AGL Energy has agreed to sell nearly all of its 20% stake in clean energy developer Tilt Renewables for A$750 million ($487 million), booking a big profit on the sale to its two existing government...
Botswana taking steps to acquire majority stake in De Beers, president says
Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15% of De Beers and...
