Shapoorji Pallonji-backed Sterling and Wilson Solar is said to be in sale talks with bulge-bracket private equity funds including Canadian funds such as Brookfield and CPPIB as well as Indian conglomerates such as Adani...
Reliance Industries eyes billion-dollar REC buy from ChemChina for solar push
Reliance Industries (RIL) is close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp (ChemChina), said people aware of the matter. The purchase...
CCI approves Zomato’s investment in Grofers
The Competition Commission of India (CCI) has approved food delivery major Zomato Ltd’s $100-million investment in Grofers India Pvt. Ltd and its wholesale entity Hands on Trades Pvt. Ltd, the market watchdog said on...
Warburg Pincus sells its stake in Cleanmax to US company for Rs 1,650 crore
Global private equity fund Warburg Pincus has sold its stake in rooftop solar power producer Cleanmax Enviro Energy to Augment Infrastructure, a US investment firm. The deal, a mix of both primary and secondary capital...
Crypto miner Core Scientific to go public via $4.3 billion SPAC deal
Core Scientific Holding Co said on Wednesday it would go public through a merger with a blank-check company backed by BlackRock Inc, in a deal that values the cryptocurrency miner at $4.3 billion. The deal with Power...
PharmEasy: Not Keeping itself Easy?
With the massive success of new age start-ups, India is set to witness bold acquisitions by start-ups. In April 2021, Byju’s announced the acquisition of multi-decade old Aakash Educational Services Limited. In the...
Detect Technologies raises $12 million in funding led by Accel
Enterprise software startup Detect Technologies on Wednesday said it raised $12 million in a fresh round of funding led by Accel. The round also saw participation from existing investors Elevation Capital, Bharat...
Kumar Mangalam Birla says won’t buy firms with global supply chains
Indian billionaire Kumar Mangalam Birla, who oversees the $46 billion Aditya Birla Group spread across 36 countries, is no longer keen to acquire any firm with a globally diversified supply chain as protectionism and...
Tata Digital to acquire majority stake in online healthcare marketplace 1MG
Tata Digital, a 100 per cent subsidiary of Tata Sons, on Thursday said it would acquire a majority stake in digital health start-up 1MG, continuing its series of investments in the online commerce ecosystem. The...
Flipkart in talks to raise $3 billion, targets valuation of $40 billion
Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar...
French antitrust watchdog: closely examining sale of Bertelsmann’s stake in M6
France’s antitrust watchdog is closely examining the sale of Bertelsmann’s controlling stake in French broadcasting group M6, said the head of the French watchdog body on Wednesday. Isabelle de Silva, who is the head of...
Broadcaster RTL confirms talks on selling stake in Groupe M6
European broadcaster RTL confirmed on Friday it was exploring the sale of its controlling stake in French broadcaster Groupe M6, as it reported a 26% slide in annual core profit due to the coronavirus pandemic. Chief...