Crayfish Bidco Oy, a company controlled by Triton, said on Thursday it has bought a 9.9% stake in Finnish construction company Caverion Oyj, following the Swedish venture capital group’s $1.17 billion takeover bid...
OVL retakes 20% stake in Sakhalin-1 oil, gas fields
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has re-taken a 20 per cent stake in the Sakhalin-1 oil and gas fields in the far east region of Russia, an official said on Monday...
RHI Magnesita Persistence for Growth: Acquires Refractory Business of Dalmia Bharat Refractories
RHI Magnesita, the leading global supplier of refractory products, announced the acquisition of the Indian refractory business of Dalmia Group (Dalmia Bharat Refractories Limited). RHI Magnesita India Limited (“RHI” or...
Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill
Sumitomo Mitsui Financial Group is facing a $670-million tax bill from India on its $2-billion acquisition of Fullerton India Credit, far outweighing what the Japanese lender has set aside, according to people familiar...
Lupin’s Brazil subsidiary acquires 9 brands from Bausch Health
Drug maker Lupin said that its wholly-owned subsidiary in Brazil, MedQuímica Indústria Farmacêutica (MedQuímica), has signed a definitive agreement to acquire all rights to nine medicines from BL Indústria Ótica Ltda...
ONGC Videsh set to retake its Sakhalin-1 stake
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), has submitted an application to Russian authorities to retake a 20% stake in the Sakhalin-1 oil and gas fields in the far east...
HDFC Bank to divest 3.21% stake in Lentra AI by Dec-end
HDFC Bank has executed an agreement to sell a 3.21% stake held in Lentra AI (Lentra) aggregating to nearly ₹54.16 crore. This would be a partial divestment of the bank in Lentra. The transaction is expected to be...
Solar glass manufacturer Borosil Renewables acquires Interfloat Group
India’s first solar glass manufacturer Borosil Renewables Ltd has acquired 86 per cent stake in Europe’s largest solar glass manufacturer Interfloat Group for an undisclosed sum of money. “With...
NCLT admits First Flight Couriers for insolvency
The bankruptcy court has admitted Mumbai-based First Flight Couriers under the corporate insolvency resolution process (CIRP) and appointed Indrajit Mukherjee as the company’s interim resolution professional (IRP)...
NCLT allows RP to resume V Hotels insolvency process
A bankruptcy court has allowed the resolution professional of V Hotels to resume the Corporate Insolvency Resolution Process (CIRP) initiated against the company and undertake a review of all transactions undertaken the...
Britannia acquires 51% of equity share capital in Kenya’s Kenafric Biscuits
Britannia Industries on 3 October said that it has acquired a controlling stake in Kenya’s Kenafric Biscuits Ltd and took full control over Catalyst Britannia Brands Ltd. Britannia and Associates (Dubai) Pvt Co...
Fullerton India raises ₹2,795 crore through ECB
Non-bank lender Fullerton India Credit Company Ltd. said it has raised ₹2,795 crore, or around $350 million, through external commercial borrowings (ECBs). The company said it has raised the loan at a margin of 122...