Blackstone is set to buy out International Gemological Institute (IGI), the world’s biggest independent diamond-grading firm, from China’s Fosun International, founders Lorie family and other small...
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware...
SP Group looks to raise $1.75 billion against Tata stake
The Shapoorji Pallonji (SP) Group, the single largest shareholder of Tata Sons, is in talks to raise $1.75 billion by pledging the remaining half of its stake in the unlisted holding company of the Tata Group, said...
India M&A deal size hit record levels, up 139%: Bain & Co
India has witnessed a record growth of 139% in overall M&A deal size, driven by record levels of cash and availability of assets, according to the latest Bain & Company’s annual Global Mergers & Acquisitions...
Adani eyes stake in state-backed power trader PTC India – Bloomberg News
A stake for sale in state-backed electricity trader PTC India Ltd is attracting initial interest from potential suitors including Asia’s richest man Gautam Adani, Bloomberg News reported, citing people familiar...
India sees record M&As in 2022 at $152 billion
India saw a record level of mergers and acquisitions in 2022, as companies sought to consolidate positions, and enter new segments, leading to some of the largest-ever transactions in sectors such as banking, cement and...
Aditya Birla Group leads race to add W owner to cart
Aditya Birla Fashion is now the frontrunner to acquire TCNS Clothing Co, owner of the listed women’s branded apparel retailer that owns brands such as W, Elleven and Aurelia, pulling ahead of Nykaa in what has...
SKS Power lenders extend due diligence deadline
Lenders to Chhattisgarh-based distressed electricity producer SKS Power Generation have extended the due diligence deadline for prospective buyers for a third time to December 9, pushing back the timeline for the...
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of...
Dorf Ketal to acquire Clariant’s North American (NORAM) Land Oil business
Clariant and Mumbai-based Dorf Ketal, two of the world’s leading specialty chemical products and services companies, have today announced a definitive agreement for Dorf Ketal to acquire Clariant’s North American...
Adani Wilmar eyes acquisitions to push food business
Adani Wilmar Ltd., the kitchen essentials firm owned by Gautam Adani, is scouting for local and overseas acquisition targets as Asia’s richest man doubles down on boosting his empire’s food operations weeks after...
SKS Power’s lenders extend timeline for due diligence
Lenders to the Chhattisgarh-based distressed electricity producer SKS Power Generation have extended the deadline for due diligence by prospective buyers to October 17 because of the high demand for the plant. The...