Adani group-owned Ambuja-ACC and JK Lakshmi Cement are ahead in the race to acquire Ahmedabad-based Sanghi Cement which is being sold for an estimated enterprise value of Rs 6,000 crore, people familiar with the matter...
Bain Capital to acquire 90% stake in Adani Capital, Adani Housing
Bain Capital, the US-based investment company, announced on July 23 that it has signed a pact to acquire 90% of Adani Capital and Adani Housing. Under the deal, Bain will buy out all of the Adani family’s private...
Bain frontrunner to buy Adani Capital for Rs 1500 crore
Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani’s seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based billionaire looks to realign his business...
Three private equity groups in race to buy out Adani Capital
Private equity groups Bain Capital, Carlyle Group and Cerberus Capital Management are set to make binding bids in the next few weeks to buy out Gautam Adani’s six-year-old shadow bank, Adani Capital, as the billionaire...
Adani Enterprises buys 30% stake in Trainman, online train ticket booking platform
Adani Enterprises, the main company of Gautam Adani’s business conglomerate, has acquired approximately 30 percent ownership in Start Enterprises Pvt Ltd (SEPL), the parent company of Trainman, an online platform...
GQG acquires 3% in Adani Transmission for Rs 2,666 crore
The Adani Group on Friday sold around 3% stake in Adani Transmission through open market transactions to raise about ₹2,666 crore. US-headquartered investment firm GQG Partners – which had bought about $1-billion...
IL&FS’ stake sale in IPRWL to Indian Oil Adani hits IOC hurdle
The sale of IL&FS Paradip Refinery Water to IndianOil Adani Ventures, a deal worth ₹600 crore, has hit a roadblock with the state-owned refiner Indian Oil Corporation (IOC) delaying the consent, raising concerns...
Adani Enterprises to buy train booking platform Trainman
Adani Enterprise will soon be selling online train tickets. Adani Enterprises declared its intentions on Friday and informed Indian stock market bourses that it has signed a share purchase agreement for acquisition of...
Adani terminates pact to buy Macquarie Asia’s roads worth ₹3,110 cr
Adani Group company Adani Roads Transport Ltd (ARTL) terminated yet another proposed acquisition and said it will not be going ahead with the acquisition of four road assets worth ₹3,110 crore from Australian investor...
Adani Ports completes Myanmar port sale for $30 million
Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, on Thursday said it has finalized the sale of its Myanmar Port for $30 million, following a renegotiated share purchase...
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware...
Adani’s acquisition of Air Works delayed
Adani Group’s proposed acquisition of maintenance, repair and overhaul (MRO) company Air Works has got delayed after a major shareholder in the target entity was forced into liquidation. Sources told ET that a...