Anil Ambani’s Reliance CapitalBSE 0.64 % has initiated talks with likely Chinese strategic buyers such as Dalian Wanda Group, Tencent, or even Alibaba to sell its entire 35.1% stake in multiple Oscar-winning media...
Mexico’s Cinepolis to invest Rs 250 cr in India, open 100 new screens
Mexican multiplex chain Cinepolis will invest Rs 250 crore to open over 100 cinema screens by the end of next year across India, its largest market outside Mexico. “We plan to invest Rs 250 crore in opening 100...
JP Morgan-backed Leap Green set to buy Inox Windfarms
Leap Green Energy, a clean energy company promoted by India’s first Formula One driver Narain Karthikeyan, has bought all wind farms owned by InoxBSE -4.52 % Renewables for an undisclosed amount. Two people directly...
Alibaba Pictures in talks to buy Chennai-based TicketNew
Alibaba Pictures, the movie and TV content business controlled by the Chinese e-commerce giant, is in talks to buy a majority stake in Chennai-based Orbgen Technologies Pvt. Ltd, which operates ticket-booking platform...
Arvind sells 10% in retail arm for Rs 740 crore to Multiples
MUMBAI: Textiles firm Arvind has raised Rs 740 crore by selling 10% stake in its retail arm to Multiples, a private equity firm, in an effort to pare debt. The retail division houses more than two dozen in-house and...
Flipkart, PVR tie up to tap million moviegoers for Big Billion Days
Flipkart has partnered with PVR cinemas in Bengaluru, Mumbai, and Delhi to bring its brand campaign around the upcoming Big Billion Days festive sale offline. The company is hoping to reach a million people through this...
DLF exits cinema business, sells 7 screens to Cinepolis for Rs 64 crore
NEW DELHI: India’s largest real estate firm DLF has sold its seven remaining cinema screens in Delhi—six in Saket and one in Greater Kailash 2—under its cinema exhibition business to Mexican movie theatre chain...
DLF close to 40% stake sale in rental assets arm
India’s largest real estate developer DLF on Tuesday said it has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers Ltd. The company expects to receive binding, updated...
Billionaire Wang Wins Investors’ Nod for $4.4 Billion Buyout
Billionaire Wang Jianlin won shareholders’ approval to buy out his property unit for HK$34.5 billion ($4.4 billion), clearing the way for the biggest-ever privatization deal in Hong Kong. The shares rose. The HK$52.80-a...
Wanda’s Wang Heads for Record M&A Year With $16 Billion in Deals
Billionaire Wang Jianlin is headed for a record year of mergers and acquisitions as the Chinese tycoon seeks to build an entertainment empire that could challenge Walt Disney Co. by the end of the decade. Wang’s AMC...
Softbank’s Brexit discount makes ARM a compelling buy
For SoftBank, ARM looks like a smart investment that the pound’s decline made smarter. Hong Kong: SoftBank is set to fork out $32 billion for the British chip designer ARM Holdings, just one week after Chinese...
AMC buys Odeon in biggest UK takeover since EU Vote
The acquisition by AMC, majority-owned by Chinese billionaire Wang Jianlin’s Dalian Wanda Group, widens Wanda’s lead as the world’s largest operator of movie screens. AMC Entertainment Holdings, the US...