The Board of Datamatics Global Services at its meeting held on 08 May 2024 has approved to acquire balance 23% stake in Datamatics Cloud Solution from CloudGrowth. On completion of the acquisition, the JVC will become...
After Aditya Birla, Piramal to merge with private arm
After the Aditya Birla group, it’s now Piramal’s turn. Piramal Enterprises Ltd has decided to merge with its unlisted subsidiary Piramal Capital and Housing Finance Ltd, becoming the second financial institution to...
UK’s Wood Group rejects engineering firm Sidara’s 1.4 bln pound bid
British oilfield services and engineering firm John Wood Group rejected a potential 1.42 billion pound ($1.77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it “undervalued Wood and its...
UK’s Ardonagh to buy Australia’s PSC Insurance in $1.51 bln deal
Australia’s PSC Insurance will be acquired by Ardonagh Group in a deal valuing the company at A$2.26 billion ($1.51 billion), PSC said on Wednesday, helping the UK-based insurance distribution platform expand its...
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and...
Frasers Group nears deal for fashion chain Ted Baker, Sky News reports
Billionaire Mike Ashley’s Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker, Sky News reported on Wednesday, citing retail industry sources. Apparel and...
Australia’s PSC Insurance hits record high on $1.5 bln takeover by Ardonagh
Shares of PSC Insurance Group rose to a record high on Thursday after UK-based broking business Ardonagh Group agreed to buy the Australian company in a deal valuing it at A$2.26 billion ($1.49 billion) amid rising...
Sony and Apollo plan to break up Paramount, NYT reports
Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar...
Greenko Energies gets CCI nod to acquire additional stake in Sikkim Urja
The Competition Commission of India (CCI) on Tuesday said it has cleared Greenko Energies’ proposed acquisition of an additional stake in Sikkim Urja (formerly Teesta Urja Ltd). Greenko Energies Pvt Ltd (GEPL) is...
NCLT asks SpiceJet to file reply to Aircastle’s petition in 15 days
National Company Law Tribunal (NCLT) Tuesday directed carrier SpiceJet to submit its reply within 15 days to Aircastle (Ireland’s) Limited insolvency petition. The tribunal will now examine if the power of...
Eyeing more buyouts, cyber startup Wiz raises $1 billion in private funds
U.S.-Israeli startup Wiz raised $1 billion in a private funding round that values the four-year-old cloud cyber security company at $12 billion, as it seeks to do more acquisitions. Wiz, which has raised $1.9 billion...
KKR to buy Perpetual’s corporate, wealth units for $1.4 bln; CEO Adams to retire
Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm’s...