The taxation regime for “Slump Sale” deals in India has always been a matter of differential judicial views and even before the advent of latest overhauled indirect tax structure, the position was scarcely settled when...
KWAN buys online entertainment start-up Gigstart
Celebrity management firm KWAN Entertainment on Thursday announced the acquisition of Gigstart, an online start-up that connects entertainers with an event and party planners. Gigstart has launched a mobile application...
After Magzter, Dailyhunt parent to pursue acquisitions more aggressively
VerSe Innovation, the parent of news aggregator Dailyhunt and short-video sharing app Josh, is “acquisition hungry”, as it embarks on a journey to expand its user base, explore monetization opportunities...
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada’s Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global...
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada’s Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global...
ChrysCap buys small stake in generics company La Renon for Rs 600 cr
The homegrown PE fund ChrysCapital has invested about Rs 600 crore ($70 million) in Ahmedabad-based La Renon Healthcare, valuing it at $800 million. ChrysCap has acquired about 8% stake from the promoter family in a...
International Paper proposes $7 billion buyout of DS Smith
DS Smith confirmed on Tuesday it was in discussions with International Paper over an all-stock offer from the U.S.-listed company, which valued the British paper and packaging firm at 5.72 billion pounds ($7.22 billion)...
Rane Group to consolidate its listed operational entities
After keeping different operational listed entities for years, Rane Group, one of the key players in the Auto Ancillary space has decided to consolidate its listed operational companies under Rane (Madras) Limited. Rane...
Not keen to dilute any more of remaining 25.51% stake in ITC: BAT CEO
Fresh from the divestment of 3.5% holding in ITC Ltd, the conglomerate’s largest shareholder BAT Plc chief executive Tadeu Marroco said it does not want to dilute any more of its remaining 25.51% stake in ITC since BAT...
Nazara Technologies sets aside $100 million for acquisitions
Mobile gaming and sports media company Nazara Technologies on Wednesday said it is setting aside about Rs 830 crore, or $100 million, for mergers and acquisitions in markets like India, Europe and North America. The...
Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
The government has no immediate intentions to divest its share in ITC, held through SUUTI, despite British American Tobacco (BAT) reduced its stake through a block deal in the Kolkata-based FMCG company, according to...
TC Energy to sell Portland Natural Gas Transmission System for $1.14 bln
TC Energy said on Monday it has agreed to sell the Portland Natural Gas Transmission System (PNGTS) to a BlackRock-managed fund and Morgan Stanley Infrastructure Partners for $1.14 billion as part of its ongoing efforts...