Murugappa Group led Tube Investments of India Limited has agreed to invest ₹700 crore in fraud-hit CG Power and Industrial Solutions Limited for 56% stake, according to a regulatory filing. In a statement to BSE, CG...
Exor and Covea agree investments to settle relationship after failed PartnerRE deal
Italy’s Exor said on Monday that French insurer Covea had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRE, after walking away from a deal to buy the reinsurer from...
M&A up 14.55 % in H120 led; Jio Platforms investments up deal value
Mergers and acquisitions (M&A) in India rose 14.55 per cent to $43.54 billion in value terms in the first half of 2020, mainly due to Reliance Industries selling stakes in its digital arm Jio platforms. Deal count...
First State Investments to buy New Zealand’s Ultrafast Fibre for $518.6 million
Global investment manager First State Investments will buy New Zealand’s Ultrafast Fibre Ltd for NZ$854 million ($518.63 million) from WEL Networks Ltd and Waipa Networks Ltd, the electricity distributors said on...
Ariel Investments says backs Tegna in fight with Standard General
Ariel Investments LLC, the 11th-largest shareholder of U.S. regional TV station operator Tegna Inc, said on Monday it was backing the company’s board in its proxy contest with hedge fund Standard General LP. “We have...
Essar verdict may drive more investments into distressed assets space
The recent verdict of the Supreme Court on Essar Steel’s insolvency resolution process, which upheld the primacy of secured creditors, will drive global investments into India’s distressed assets market as it will...
AU Small Finance Bank raises ₹525 cr from Temasek arm Camas Investments
Singapore’s state investment arm Temasek, on Friday, said it has completed the acquisition of 4.8% stake in AU Small Finance Bank Ltd by infusing the balance ₹525 crore of its ₹1,000 crore investment plan in the...
With 72 deals worth $3.7 bn, PE investments register growth in Oct: Report
Private equity investments witnessed robust yearly growth in October with 72 PE deals garnering around $3.7 billion, even as merger and acquisition activity saw a downtrend, a report said on Thursday. According to Grant...
Wingreens Farms raises ₹125 cr from responsAbility Investments, Sequoia India
Wingreens Farms Pvt Ltd, a food and beverage company, has raised ₹125 crore in a Series B round led by Zurich-based private equity fund responsAbility Investments AG, the company said. Existing investor Sequoia India...
Aptus raises Rs 880 cr from Steadview Capital, Sequoia, Malabar Investments
Aptus Value Housing Finance (Aptus), the Chennai-based affordable housing finance company, has raised Rs 880 crore in equity. The funding round was led by existing investor WestBridge, with new investors Steadview...
Cairn India Holdings to exit investments in Anglo-American Plc
Cairn India Holdings Limited (CIHL), an overseas subsidiary of Vedanta Ltd, will exit its investments in Anglo American Plc, Vedanta said today. In December 2018, Cairn India Holdings purchased an economic interest...
PSP Investments ties up with ADIA-NIIF to invest in GVK Airport Holdings Ltd
Canada’s Public Sector Pension Investment Board (PSP Investments) is joining forces with the Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to buy 49% of GVK Airport Holdings Ltd...