V-Guard Industries (V-Guard) is going to acquire 100% stake in kitchen appliance company Sunflame Enterprises for a deal pegged at Rs 660 crore on a cash-free and debt-free basis. The definitive agreement was signed on...
Mukesh Ambani to bid for football club Liverpool FC’s takeover: Report
Indian billionaire Mukesh Ambani has entered the race to bid for world-renowned English football club Liverpool FC’s takeover, reported a leading English daily. The English Premier League giants have been put up...
Piramal Enterprises to raise up to ₹650 cr through NCDs
Piramal Enterprises said its board has approved raising of up to ₹650 crore by issuing non-convertible debentures. The size of the issue is up to ₹50 crore with an option to retain over subscription of up to ₹600 crore...
Australia’s Perpetual rejects $1.1 bln takeover, regulator probes trading
Trading in shares of Australian asset manager Perpetual Ltd in the final minute of trade on Wednesday is being investigated in light of a A$1.68 billion ($1.07 billion) takeover bid that arrived on Thursday, the...
Warburg Pincus to acquire micro-enterprise lender Vistaar Finance
Private equity major Warburg Pincus will acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India, the PE fund said. Existing shareholders would include WestBridge Capital, Elevar Equity, Omidyar...
Italy’s TIM gears up to sell minority stake in enterprise service arm
Telecom Italia (TIM) is close to kicking off a process to sell a minority stake in its enterprise service arm, two sources close to the matter said, as CEO Pietro Labriola strives to revamp Italy’s biggest phone...
Debt-ridden Future Enterprises faces second plea to initiate insolvency
Debt-ridden Future Enterprises Ltd is now facing a second plea filed by an operational creditor of the company before National Company Law Tribunal to initiate insolvency proceedings. The latest petition is filed...
Insolvency plea against Future Enterprises filed in NCLT
Debt-ridden Future Enterprises Ltd said an operational creditor of the company has filed a plea before the National Company Law Tribunal to initiate insolvency proceedings against it. Future Enterprises Ltd (FEL), part...
NCLT approves demerger of pharma business from Piramal Enterprises
The National Company Law Tribunal on Friday approved the demerger of Piramal Enterprises’ (PEL) pharma business and the simplification of the company’s corporate structure. The order paves the way towards creation of...
Axios agrees to $525 million buyout deal with Cox Enterprises
Axios has agreed to sell itself to Cox Enterprises in a deal that values the digital media firm at $525 million, a source familiar with the matter said on Monday. Atlanta-based Cox, a family-owned conglomerate that also...
Adani Enterprises arm to acquire toll roads in Guj, Andhra from Macquarie Asia Infra Fund for Rs 3,110 cr
Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, will be acquiring a 100% stake in Swarna Tollway Private Ltd (STPL) and a 56.8% stake in Gujarat Road and Infrastructure Company Ltd (GRICL) from...
Australia’s Perpetual not looking to divest corporate trust arm
Australia’s Perpetual Ltd said it is currently not looking to divest its corporate trust business, even after receiving two indicative offers for the unit. The asset manager said it had received two offers for the...