US-based Deccan Value Investors (DVI) has roped in former Tata MotorsNSE -0.51 % managing director Prakash Telang to support the plea to withdraw its Rs 1,600 offer to take Metalyst Forgings out of bankruptcy. On...
ICICI Venture in talks to buy stake in Micro Plastics
Homegrown private equity fund ICICI Venture is in discussions to acquire a significant minority stake in Micro Plastics Pvt Ltd, a Bengaluru-based leading contract manufacturer and exporter of toys, model hobby kits and...
IndoSpace, GLP form JV to co-invest in infra sector
Private equity firm Everstone Group-backed industrial real estate company IndoSpace and modern logistics and technology-led solutions provider GLP have entered into a long-term strategic partnership. As part of the...
Kedaara Capital may buy Munjals’ Sunbeam Auto for Rs650 crore
Private equity fund Kedaara Capital Investment Managers Ltd is in final stages of discussions to acquire Rajasthan-based auto component maker Sunbeam Auto Ltd for $100 million (Rs650 crore), two people aware of the...
Singapore’s Temasek hikes Bayer stake in $3.7 billion share sale
German drugmaker Bayer (BAYGn.DE) is raising 3 billion euros ($3.7 billion) towards its planned $62.5 billion takeover of seed maker Monsanto (MON.N) by selling a 3.6 percent stake to Singapore’s state investment...
SoftBank, Alibaba invest Rs2,900 crore in Paytm Mall
Online retail firm Paytm Mall has received a capital commitment of about Rs2,900 crore (about $450 million) from Japan’s Softbank Group Corp. and existing investor Alibaba Group Holding Ltd in a new round of funding...
Blackstone acquires Comstar at a valuation of Rs1,000 crore
Blackstone Group Lp has acquired Chennai-based auto parts maker Comstar Automotive Technologies Pvt. Ltd for about Rs1,000 crore, according to two people aware of the development. Blackstone has acquired almost 100% of...
Bira beer maker raises Rs 25 cr from Anicut Cap
B9 Beverages, the maker of Bira beer, has raised Rs 25 crore by issuing debentures to Anicut Capital, as it expands its geographic footprint to cash in on the rising popularity of craft beer. The company, in its latest...
PSA Group and Nidec enter into JV to set up electric motor venture
Peugeot maker PSA Group and Japan’s Nidec Corp will invest 200 million euros ($237 million) in a joint venture to develop and produce electric car motors for a fast expanding market, the companies said on Monday...
Chinese investors buy stake in mapping firm HERE
Two Chinese companies and Singapore’s sovereign wealth fund GIC have agreed to buy a 10 percent stake in a digital mapping company controlled by Germany’s leading carmakers to help them develop self-driving...
December 2016
Issue Description Deal Impact: BOSCH on the path to an exciting journey IPO: ENDURANCE IPO: Better Late than Never or Right Timing Cover Article: Balaji Telefilms Group Restructuring: Shifting Paradigms Disinvestment:...
CA buys Austrian peer Automic in $635 million deal
U.S. software management group CA Inc (CA.O) said on Thursday it has agreed to buy Austrian business automation firm Automic from private equity group EQT in a 600 million euro ($635 million) deal as it seeks to expand...