Fortis to offload 25% stake through IPO Fortis Healthcare, the healthcare company owned by the promoter family of Ranbaxy Laboratories, has decided to raise funds through an initial public offer (IPO). The company has...
Wockhardt to shed more non-core biz
More non-core businesses will be sold in three to six months, the Wockhardt Chairman, Mr Habil Khorakiwala, told shareholders on Monday. The debt-ridden drug-maker has in the last 10 days announced the divestment of its...
Wockhardt to sell animal health unit to French company
Just 10 days after Wockhardt said it was selling its business in Germany, the debt-ridden drug-maker has announced that it is divesting its animal health division to France’s Vétoquinol for an undisclosed...
Tenon buys Rotopower Projects
Facility management firm Tenon Property Services, a subsidiary of LSE-listed and Singapore-based Mortice Ltd, has acquired Delhi-based Rotopower Projects Pvt Ltd for a consideration of Rs 10 crore. The acquisition has...
Wockhardt sells German biz Esparma
Debt-ridden Wockhardt Ltd has divested its German business Esparma to Mova GmbH, a subsidiary of Lindopharm GmbH, Germany, for an undisclosed amount. The development comes as the Mumbai-based drug maker sets about the...
France Telecom & Telstra in talks with Maxis to buy minority stake in Aircel
France Telecom and Telstra of Australia are in talks with Malaysia’s Maxis Communication to buy a minority stake in Indian telecom operator Aircel, in yet another sign that the ongoing slowdown and credit crunch...
Wockhardt expects stake sale in hospital biz by May-end
Debt-ridden Wockhardt Group expects to seal a deal to sell a minority stake in its healthcare chain, Wockhardt Hospitals, by May-end. "The deal to sale minority stake, be it (with) a private equity player or a...
Japan’s NTT Data, Dell seal $3-bn deal
NTT Data Corp, a unit of Japans former telephone monopoly, agreed to buy technology services businesses from Dell for $3.055 billion. The acquisition was announced by the unit of Nippon Telegraph & Telephone Corp...
Dell nears sale of IT services unit to Japan’s NTT Data
Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan’s NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The...
BigBasket raises $150 million from Abraaj Group
On-demand grocery delivery company BigBasket has announced it has raised $150 million from the Abraaj Group, International Finance Corporation, and Sands Capital. Existing investors Bessemer Venture Partners, Helion...
Affymetrix Rejects $1.5 Billion Origin Bid, Favors Thermo
Affymetrix Inc. said its board rejected a $1.5 billion acquisition bid from Origin Technologies Corp. and instead continues to recommend its previously planned merger with Thermo Fisher Scientific Inc. Origin’s cash...
American Securities in exclusive talks to acquire NAPA
American Securities LLC is in exclusive talks to acquire North American Partners in Anesthesia (NAPA), valuing the largest U.S. specialty anesthesia management company at close to $1 billion, including debt, according...