UK oil and gas producer Serica Energy agreed to buy North Sea peer Tailwind Energy Investments for 644 million pounds ($782 million), including debt, it said on Tuesday, bringing on energy trader Mercuria as its biggest...
Tube Investments of India acquires 50% stake in X2Fuels and Energy
Tube Investments of India (TII), a Murugappa Group company, has acquired a 50 per cent stake in X2Fuels and Energy, an early-stage start-up incubated at the National Centre for Combustion Research and Development...
Ather Energy raises $50 mn led by Caladium Investments
Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures...
Eros Investments acquires 90% in DRM company ENT Global
Eros Investments, a portfolio of entertainment and tech companies like Eros Media World, Eros Now, and Xfinite’s Mzaalo, has picked up a 90% stake in digital rights management company ENT Global for an undisclosed sum...
Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr
Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore through an open market transaction...
Tube Investments picks up majority stake in Moshine Electronics
Tube Investments of India, part of diversified conglomerate Murugappa Group, is diversifying its business into the electronics and components segment by acquiring 76 per cent equity stake in Moshine Electronics Pvt Ltd...
CCI approves BC Asia Investments’ stake acquisition in IIFL Wealth Management
Competition Commission of India on Tuesday approved the acquisition of the stake in IIFL Wealth Management (IIFLWM) by BC Asia Investments X Ltd. The proposed combination involves the acquisition of up to 24.98 per cent...
Oriental Carbon to separate its Chemical and Investments Businesses
Oriental Carbon & Chemicals Limited (“Oriental Carbon/Demerged Company”), belonging to JP Goenka Group of Companies, Listed Company on BSE and NSE has announced scheme of arrangement for Demerging its “Chemical...
CPP Investments to buy Brookfield’s India roads portfolio in Rs 9.3k crore deal
Canada Pension Plan Investment Board (CPP Investments), the largest pension money manager in Canada, has agreed to buy a portfolio of Indian road assets from Brookfield in a deal valued at around Rs 9,300 crore ($1.2...
IDBI Trust invokes pledged investments in Future Group companies
Future Lifestyle Fashions (FLF) said on Thursday that IDBI Trusteeship Services has invoked the pledge it made on investments in FLFL Lifestyle Brands (FLBL) and nearly a dozen other associate firms, after FLBL failed...
Insurer AIA Group sells Australian savings and investments business
Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, noting it is “non-core” to its strategy...
Tube Investments to acquire 70% stake in Cellestial E-Mobility
Muruguppa group firm Tube Investments of India Ltd (TII) on Monday said it will acquire 70 per cent stake in startup Cellestial E-Mobility Pvt Ltd for Rs 161 crore. Cellestial E-Mobility is engaged in the design and...