Recently, Aster DM Healthcare Limited (“Aster”) announced much-awaited news for its stakeholders. The Board of Directors of Aster announced the separation of its India & GCC (Gulf Corporation Council) business by...
Artek buys Kemira’s oil & gas business
Mumbai-based Artek Group has acquired Finnish chemicals company Kemira’s oil and gas business for $280 million, according to a company statement. Artek has acquired the asset through its US-based subsidiary Sterling...
Credit Suisse sells REIT business in Brazil to Patria for around $130 mln
Credit Suisse said it reached a deal to sell its real estate fund management business in Brazil to asset manager Patria Investments for up to 650 million reais (around $130 million). The bank, owned by UBS, will...
KPMG plans merger of UK and Swiss businesses – FT
Accounting firm KPMG is planning to merge its UK and Swiss businesses in an effort to boost growth and profit at the company, the Financial Times reported on Wednesday. Partners at KPMG’s operations in the two...
Whirlpool to sell 24% stake in India business to reduce debt
Whirlpool will sell up to 24% of its stake in the company’s India business in a bid to reduce debt, weeks after the unit reported weaker profit due to rising competition and pricing pressures. The company did not...
Aster divests Gulf business for $1 bn
Leading hospital chain Aster DM Healthcare Ltd said it will separate its mainstay Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion, in a move it said will...
Barclays explores deal for Tesco banking business
Barclays has been exploring a potential acquisition of Tesco’s banking operations, two people familiar with the matter told Reuters. The British food retailer has asked prospective buyers to submit non-binding...
Agritech DeHaat acquires Freshtrop Fruits’ export business for $9 million
Agritech startup DeHaat is acquiring Freshtrop Fruits’ export business for Rs 77 crore (about $9.3 million), as per a regulatory filing. The deal, announced on Tuesday, also entails Freshtrop Fruits’ export vertical...
Adhesive maker Pidilite to enter lending business, to acquire promoter group’s NBFC firm
Adhesive and construction chemicals manufacturer Pidilite Industries plans to enter the lending business, providing small-value retail loans. To facilitate this, Pidilite Industries would acquire an existing NBFC...
Truckmaker Volvo to buy Proterra’s battery business for $210 mln
Swedish truckmaker Volvo said it had won an auction for the battery business of troubled Proterra in the United States with a $210 million bid. The auction was part of the electric vehicle part supplier’s ongoing...
Tata mulls sale of Voltas home appliances business – Bloomberg News
Tata Group is considering selling the home appliances business of Voltas, in which it has a nearly 30% stake, as the conglomerate expects difficulties in scaling it up in a competitive market, Bloomberg News reported on...
Reliance Retail acquires beauty business of Arvind Fashions, to run Sephora
Reliance Retail will now operate Sephora in India as Arvind Fashions Limited (AFL) has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind...