South Korea’s LG Energy Solution is selling its 7.5% stake, or shares worth at least A$419 million ($297.99 million), in Australian lithium producer Liontown in a block trade, according to a term sheet. The South...
Wondrlab in talks to acquire Madison World from Sam Balsara in Rs 1,000 crore deal
Marketing and digital network Wondrlab is in the final stages of acquiring homegrown advertising major Madison World from founder Sam Balsara for about ₹1,000 crore ($120 million), according to two people familiar with...
Capillary Technologies to acquire Mastercard’s SessionM for $20 million
Software-as-a-service (SaaS) company Capillary Technologies, which manages loyalty programmes for corporates, is acquiring US payments major Mastercard’s loyalty and rewards business SessionM for $20 million in an...
Graphics platform Canva acquires video ad startup Mango AI and animation company Cavalry
Canva, a graphic design and visual communication platform, on Tuesday announced the acquisition of UK-based 2D animation software company Cavalry and American video ad startup MangoAI, as it steps up its push into AI...
Deepinder Goyal’s LAT Aerospace acquires robotics startup Sharang Shakti
LAT Aerospace, cofounded by Deepinder Goyal and former Zomato COO Surobhi Das, has acquired Gurugram-based defence robotics startup Sharang Shakti. In a post on X, Goyal said that the acquisition is LAT...
Govt to divest up to 4% in IRFC via OFS at Rs 104/ Share
The government on Tuesday announced an offer for sale (OFS) to divest up to a 4% stake in state-owned Indian Railway Finance Corporation (IRFC). Under the offer, the Centre will initially sell a 2% stake, with an...
Stripe is considering acquisition of all or parts of PayPal, Bloomberg News reports
Payments firm Stripe is considering an acquisition of PayPal or parts of the digital payments pioneer, Bloomberg News reported on Tuesday, citing people familiar with the matter. Stripe, which is privately held and is...
Activist Irenic builds stake in Ralliant, pushes for cost cuts
Irenic Capital Management has built a sizable stake in Ralliant and wants the precision technology maker to cut costs, buy back more stock at a faster pace and focus more on its defense and electronics business, two...
Kuwait’s KPC draws BlackRock, Brookfield, EIG to possible $7 billion pipeline deal, sources say
National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with a large group of potential investors over a $7 billion stake sale in its crude oil pipelines, three sources familiar with the...
Einride spins off design organisation
Swedish self-driving truck startup Einride said on Tuesday it had spun off its design business and sold a majority stake in the new company to Navisalma Design. “Einride will retain a minority ownership stake in...
Centre has no roadmap for merger of public sector banks, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday said that the government does not have any roadmap for mergers of public sector banks. However, a High-Level Committee on Banking for Viksit Bharat, proposed in the Budget...
Nexus Select Trust to pick 50% stake in Runwal Enterprises’ upcoming mall in Mumbai for Rs 434 crore
Realty firm Nexus Select Trust will acquire 50 per cent stake in an upcoming mall in Mumbai for Rs 434 crore as part of its expansion plan. In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by...
