Smiths Group said on Thursday it will sell its interconnect unit to U.S. electronic components maker Molex Electronic in a deal valued at 1.3 billion pounds ($1.75 billion), after facing investor pressure to break up...
Core Scientific’s board asks shareholders to vote for CoreWeave deal
Core Scientific’s board urged its shareholders on Wednesday to vote for the crypto miner’s proposed sale to CoreWeave as the company expects a number of benefits from the deal. CoreWeave announced its...
Sentinel Capital sells NSI Industries’ HVAC unit to Lennox for $550 million
Private equity firm Sentinel Capital Partners said on Thursday it sold the HVAC division of NSI Industries to Lennox International for about $550 million in cash. NSI Industries, a supplier of branded electrical...
NCLT dismisses shareholder oppression case against Jindal Poly group company
The National Company Law Tribunal (NCLT) has dismissed a lawsuit claiming shareholder oppression by a Jindal Poly Films group firm which indirectly owns packaging film assets acquired from Exxon Mobil in 2013 by the...
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares
Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1...
Pahal Financial Services buys Rs 700 crore portfolio from Sub-K
In one of the biggest portfolio acquisitions in the microfinance sector, Gawa Capital-backed Pahal Financial Services has acquired a Rs 700-crore loan portfolio from Hyderabad-based Sub-K Impact Solutions along with its...
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
ReNew gets final non-binding acquisition proposal from Masdar, CPP Investments, others
ReNew Global Energy Plc (ReNew) has received a final non-binding proposal to acquire its entire share, which is not owned by members of a consortium, including CPP Investments and founder Sumant Sinha, for USD 8.15 per...
TASE Global acquires US aerospace firm Joined Alloys for Rs 106 crore
Trusted Aerospace Engineering (TASE Global), based in Chennai, has announced the completion of its acquisition of Joined Alloys, a leading US-based firm specialising in aerospace manufacturing, special processes, and...
PRISM-backed Sunday PropTech to acquire 12 hotels in FY26 expansion push
Sunday PropTech, also known as OYO Assets, said on Wednesday that it plans to acquire 12 hotels in FY26 as part of efforts to expand its portfolio of premium and mid-premium properties. The hotel asset management...
Indian Oil’s Terra Clean in talks to buy 50% stake in Fourth Partner Energy
Indian Oil Corp., the country’s largest crude oil refiner, plans to acquire a 50% stake in renewable energy firm Fourth Partner Energy Pvt. Ltd (FPEL) through its subsidiary Terra Clean Ltd in a deal with an estimated...
ISS recommends Staar shareholders reject Alcon’s $1.5 billion offer
Proxy advisory firm Institutional Shareholder Services on Wednesday recommended that investors in Staar Surgical reject an offer by Swiss eyecare giant Alcon, putting the $1.5 billion deal in doubt. The move marks...
