Carlyle Group, Fairfax Financial Holdings, and DBS Bank are considering to bid for at least 10% each in IDBI Bank as part of the government’s ongoing share sale process, two people, including a government official, said...
Lava in advanced talks with China’s Huaqin to form a JV
Home-bred electronics maker Lava is in advanced talks for a joint venture with Shanghai-based Huaqin Technology, the world’s largest original design manufacturer (ODM) for mobiles and tablets, industry executives...
Metro AG will sell its India business only if it gets the desired valuation
German wholesaler Metro AG will sell its India business only if it gets the desired valuation, failing which it could continue running the business with a minority stake sale to private equity (PE) investor, said two...
GM deal to sell Talegaon plant to China’s Great Wall Motor collapses
General Motors’ deal to sell its Talegaon plant to China’s largest SUV maker Great Wall Motor has fallen through. The maker of Chevrolet will now start scouting for potential suitors as the term sheet for the exclusive...
IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr
IDBI Bank has entered into a share purchase agreement with Ageas Insurance International, wherein the bank is looking to sell its remaining stake of 25 per cent in private sector life insurer Ageas Federal Life...
Lupin completes acquisition of portfolio of brands from Anglo-French Drugs & Industries
Drug maker Lupin said it has completed the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its associates. The acquisition will strengthen the company’s India...
CCI clears Amazon’s proposal to buy Catamaran’s stake in Cloudtail parent
The Competition Commission of India (CCI) has cleared Amazon’s proposal to acquire Catamaran Ventures’ entire stake in Prione Business Services Pvt. Ltd., the joint venture between Infosys co-founder N R Narayana...
CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT
Amazon on Friday questioned Competition Commission’s decision to keep in abeyance the more than two-year-old approval for the e-commerce major’s deal with Future Coupons Pvt Ltd (FCPL), arguing that the...
Future to sell 25% of Future Generali to JV partner Generali Group for Rs 1,252 crore
Future Group plans to sell a 25% in its general insurance joint venture Future Generali India Insurance Co. Ltd to the Italy-based JV partner Generali Group for Rs 1,252 crore, the company said on Thursday. “Future...
Edelweiss rejects Tokio bid to get controlling stake in insurance JV
The Indian financial services group Edelweiss has turned down its Japanese partner Tokio Marine’s bid to gain a controlling stake in the decade-old life insurance joint venture Edelweiss Tokio Life Insurance...
Metlife to hike its stake in PNB Metlife to 47.32% in Rs 1,906 cr deal
Metlife International Holdings is looking to acquire the combined 15.27 per cent shareholding of IGE (India) Private Limited and Elpro International Limited in PNB Metlife India Insurance company for a cash...
Burmans to sell 25% stake in Aviva Life
The billionaire Burman family is set to pare its stake and give up control of a life insurance joint venture with UK’s Aviva Plc as part of its strategy to raise capital for the core consumer goods business, two people...