Home appliance maker Whirlpool Corp said on Monday it would buy Emerson Electric Co’s InSinkErator unit, which makes waste disposal equipment and hot water dispensers, for $3 billion to beef up its kitchen...
JSW in talks with PEs, foreign banks for Mytrah Energy acquisition
The JSW Group has initiated talks with several private equity (PE) funds, including American investment management firm Apollo Global Management, to acquire its renewable power producer, Mytrah Energy (India) Pvt Ltd...
Record $82 billion dealmaking spree sees India defy global slump
Bankers in India recorded their best-ever quarter for mergers and acquisitions while dealmaking elsewhere slows to a crawl. India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest...
FinBox raises $15 million in round led by A91 Partners
B2B credit infrastructure fintech, FinBox on Monday announced fundraising of $15 million (approximately ₹115 crore) in a round led by A91 Partners. Companies like Aditya Birla Ventures, Flipkart Ventures, and existing...
Adani, Apollo explore bids for majority stake in Metropolis
Billionaire Gautam Adani and Apollo Hospitals Enterprise Ltd, the country’s biggest operator of hospitals, are evaluating bids to pick up a majority stake in diagnostic chain Metropolis Healthcare Ltd, two people...
Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent
Goldman Sachs is in advanced talks to invest about $350 million (Rs 2,700 crore) in API Holdings Ltd, the parent of online pharmacy PharmEasy, in a structured debt transaction, people in the know said. The debt will...
HUL in discussion to buy MDH
Hindustan Unilever Ltd is in talks with Mahashian Di Hatti Pvt. Ltd (MDH) to buy a majority stake in the maker of MDH Spices, two people familiar with the development said. MDH could be valued between ₹10,000 crore and...
Buyout firm Sylvan Group acquires 4 Singapore healthcare firms for $140.5 mln
Singapore-based The Sylvan Group, backed by members of the Hyundai and Rockefeller families, said on Wednesday that it had bought majority stakes in four Singapore healthcare and pharmaceutical firms for $140.5 million...
Brazil’s Andrade Gutierrez extends deadline for bids for its CCR stake – sources
Brazilian conglomerate Andrade Gutierrez (AG) will extend the deadline for bids for its 14.9% stake in transportation infrastructure company CCR SA, four sources with knowledge of the matter said. Banco BTG Pactual SA...
Colombia’s Grupo Argos will not participate in Grupo SURA purchase offer
Colombian industrial conglomerate Grupo Argos will not take part in an offer from Grupo Gilinski to buy 31.68% of shares of investment heavyweight Grupo SURA, it said in a statement on Thursday, saying the proposal...
Kubota to have controlling rights in Escorts making it a Japanese MNC company
The Indian tractor industry is the largest in the world. Despite pandemic, the domestic tractor sales for the FY (Financial Year) 2021 were the best in the history of the tractor industry. With sea changes, along with...
Relief for M&A: Selling business, company piecemeal shouldn’t attract GST, says AAR ruling
An Authority for Advance Rulings (AAR) has held that hiving off part of a business should not attract Goods and Services Tax (GST), providing much needed clarity to several multinationals, conglomerates and private...