Teva Pharmaceutical Industries Ltd. is selling about $6.75 billion worth of ordinary and preferred shares to fund its takeover of Allergan Plc’s generic-drug business as well as other acquisition-related expenses. The...
J. R. D. TATA
Jehangir Ratanji Dadabhoy Tata (JRD) (29 July 1904-29 November 1993) was an avid aviator and business tycoon. He was the Chairmen of Tata and Sons. Under his chairmanship, the assets of the Tata Group grew from...
Expobank to Buy RBS’s Russian Assets as Foreign Banks Retreat
Royal Bank of Scotland Group Plc agreed to sell its Russian banking assets to Expobank LLC for an undisclosed amount as it joins an increasing number of foreign financial firms leaving the country. Expobank will...
Patel Logistics raises funds from Mauritius-based asset manager Frontline Strategy
MUMBAI: Patel Integrated Logistics has raised funds from Mauritius-based asset manager Frontline Strategy , as one of the oldest transportation and logistics firms in India plans to ramp up its ecommerce business. The...
MakeMyTrip To Acquire Stake In HolidayIQ
Online travel portal MakeMyTrip, is picking up 28% stake in travel community portal, HolidayIQ, for a consideration of about R95 Cr ($15 Mn), valuing the company at around R340 Cr. The deal is expected to be completed...
Flipkart Acquires Payment Services Firm FX Mart
Indian eCommerce giant Flipkart, has acquired payment services start up FX Mart Pvt Ltd. Singapore registered Flipkart Payments Pvt Ltd, has paid about R45.4 Cr for a majority stake in FX Mart. With the deal, two senior...
Toshiba Corporation Acquires Majority Stake In UEM India
Japanese firm Toshiba, today announced that it has acquired additional 54% stake in UEM India, an international water services company, from the Founders and India Value Fund. The deal size have been remained...
General Atlantic, Warburg Buy Stake in U.A.E. Payments Firm
General Atlantic LLC and Warburg Pincus LLC, two U.S. private equity firms, acquired a 49 percent stake in United Arab Emirates-based payments processing company Network International LLC. Emirates NBD, which...
DieGermany based Man sel Acquires MaxWatt Turbines
MAN Diesel & Turbo SE, a wholly-owned subsidiary of MAN SE (part of Volkswagen AG) has acquired 100% stake in Bengaluru-based MaxWatt Turbines for an undisclosed amount. With the deal, MaxWatt will integrate turbo...
Evergrande Buys Insurer as China Developer Diversifies
Evergrande Real Estate Group Ltd., China’s third-largest developer, bought a 50 percent stake in Great Eastern Life Assurance Co.’s Chinese joint venture for 3.9 billion yuan ($610 million) to diversify into...
Wipro Acquires Denmark based Design Firm Designit
Country’s third largest software company Wipro, through its digital unit Wipro Digital, has acquired Denmark based global strategic design firm Designit for a consideration of about R594 Cr. Founded in 1991 by Mikal...
Infuse Ventures, Others Invest In eCommerce Portal Glowship.com
Bengaluru based online marketplace for energy and environment related products, solutions & services, Glowship.com has raised funding from IIM Ahmedabad’s technology business incubator CIIE backed Infuse Ventures...