Oakley Capital is weighing options, including a sale, for its Norwegian maritime training software company Ocean Technologies Group (OTG), three sources close to the matter told Reuters. The London-based private equity...
IRDAI seeks more details from IIHL to approve deal for Reliance Capital’s insurance business
In a letter to the administrator of Reliance Capital (RCap), IRDAI said it cannot undertake due diligence regarding acquisition of the distressed financial services company’s insurance business by Hinduja-owned...
Quadria Capital backed HealthQuad exits AINU
HealthQuad, a healthcare-focused venture capital fund backed by Quadria Capital, has exited from the Asian Institute of Nephrology and Urology (AINU), India’s largest single-specialty hospital network dedicated to...
Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
PE firm Samara Capital is in talks to acquire 50% in pasta and sauces maker Del Monte Foods from Bharti Enterprises as well as a minority stake in Yummiez frozen foods maker Godrej Tyson Foods, executives aware of the...
Hinduja company taps Japanese banks to fund Reliance Capital buy
Hinduja group company IndusInd International Holdings Limited (IIHL) has approached Japanese banks to raise up to ₹8,000 crore to finance a bid for Reliance Capital, formerly promoted by Anil Ambani, ahead of the May 27...
NCLT directs IIHL to complete Reliance Capital’s resolution plan within 90 days
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday allowed an application filed by the administrator of Reliance Capital and directed Hinduja Group-owned IndusInd International Holdings Ltd (IIHL)...
Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFC
The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) on Monday approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC. It is to...
Kedaara Capital, Partners Group sell 12.6% stake in Aavas Financiers
Kedaara Capital and Partners Group, promoters of Aavas Financiers, on Tuesday divested 12.6 per cent in the housing finance company for Rs 1,369 crore through open market transactions. Private equity firm Kedaara...
Vista Outdoor gets $2.9 bln takeover offer from investment firm MNC Capital
Investment firm MNC Capital has offered to buy sporting goods and outdoor products company Vista Outdoor for $2.9 billion including debt, it said on Friday, challenging Vista’s planned sale of its sporting goods...
Convergent, Samara Capital to acquire 51.8% in Agro Tech Foods
Convergent Finance LLP and private equity firm Samara Capital will jointly acquire a 51.8% stake in Agro Tech Foods Limited from Conagra Brands, Inc. for $78 million (Rs 650 crore). The funds will pay another $44 mn...
NCLT approves Hinduja’s acquisition of bankrupt Reliance Capital
The National Company Law Tribunal (NCLT) on Tuesday approved the ₹9,650 crore resolution plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd, marking a...
NCLT set to pronounce ruling on Hinduja group’s resolution plan for Reliance Capital
The bankruptcy court in Mumbai is likely to pronounce its ruling on Tuesday in an application filed by the administrator of Reliance Capital Ltd to approve the company’s acquisition by IndusInd International Holdings...