Tata Group’s retail arm Trent Ltd on Tuesday announced plans to raise up to ₹1,550 crore in the current financial year through a combination of issuance of shares to its promoter Tata Sons on a preferential basis...
Swiss Re plans $4.5 billion IPO for UK unit to help expansion
Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favourable regulatory regime and give it easier access to capital to fund its expansion...
Cowrks to raise $350 million to fund domestic and foreign expansion
Shared office space provider CoWrks will raise $350 million equity to fund domestic and foreign expansion at a time India is witnessing a boom in co-working centres across key cities, a top company executive said. The...
Ebix makes $336 million bid for Yatra.com, plans expansion in Indian market
US-based software firm Ebix has made an offer to acquire Yatra.com for $336 million in order to expand its presence in the fast growing Indian travel market. Ebix, which in recent months made a slew of acquisitions in...
Airbnb buys HotelTonight in deeper expansion into hotel-booking business
Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated...
Vatika Hotels in talks with PEs to raise Rs 750 crore for expansion
Vatika Hotels, hospitality arm of the Gurgaon-based realty developer Vatika Group, is in talks with private equity firms to raise about Rs 750 crore to support expansion of its verticals including hospitality...
Chalet Hotel eyes distressed assets, more hotel brands for expansion
Real estate firm K Raheja Corp’s hospitality arm Chalet Hotel Ltd, which recently raised ₹1,641 crore through IPO, is eying distressed hotel assets and bringing more hotel brands to expand its portfolio, said a top...
Citic Securities to Acquire Local Rival in Expansion Push
Citic Securities Co. signed a preliminary agreement to buy smaller rival Guangzhou Securities, the latest in a series of acquisitions by China’s largest brokerage. Citic Securities plans to fund the purchase by issuing...
Alibaba takes joint venture route to Russia expansion
China’s largest e-commerce firm, Alibaba Group Holding Ltd has joined forces with a state fund and two technology firms in Russia, hoping that access to their client base of more than 100 million people will boost its...
Future Group to tie up with tech firms to raise funds for expansion
Kishore Biyani-led Future Group is on an expansion spree and is looking to tie-up with tech companies, which can bring in the big bucks, and not necessarily for their technology know-how. “We are looking at these...
PVR eyes overseas expansion after India acquisitions
PVR Ltd, India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus” is to look at Saudi Arabia, while it’s also planning...
Russian tycoon Fridman explores takeover of Spain’s DIA: Expansion
Russian magnate Mikhail Fridman has started talks with other shareholders in Spain’s DIA (DIDA.MC) over a possible takeover bid for the discount retailer in which he is already the biggest investor, Expansion reported...