India’s ICICI Securities has secured shareholders’ nod to delist its stock, the brokerage said in the early hours of Thursday, paving the way to merge with parent and majority shareholder ICICI Bank. About...
Eni considering Enilive unit listing or stake sale
Italian energy group Eni is considering either a Milan listing for its sustainable mobility unit Enilive or selling a minority share to a specialised fund ahead of a subsequent float, daily Corriere della Sera reported...
Tata group considering spinoff and listing of battery business Agratas Energy Storage Solutions
Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray in the country’s renewable-energy and electric-vehicle...
Greece prepares for imminent Athens airport stake sale and listing
Greece has begun preparations for the sale of 30% stake in Athens International Airport through an initial public offering (IPO) and separate agreements with shareholders AviaAlliance and the Copelouzos family, Athens...
China’s Big Tree Cloud in $500 mln SPAC deal for US listing
U.S. blank-check firm Plutonian Acquisition Corp agreed to merge with Big Tree Cloud International Group for the Chinese personal care products company to go public in a deal that will value the combined enterprise at...
ICICI Securities to get Delisted – first beneficiary of the new Delisting Regulations by SEBI
In 2021, The Securities and Exchange Board of India (“SEBI”) came out with an alternative delisting route for the listed subsidiary. The circular takes the tedious process of delisting to be simplified at least for the...
Vietnamese EV maker VinFast gets go-ahead for Nasdaq SPAC listing
Vietnamese electric vehicle maker VinFast said it expects to start trading on the Nasdaq as soon as next week, sparking a surge in the shares of its parent conglomerate and its blank-check merger partner. The Vietnam...
Biotech firm Tevogen Bio enters $1.2 billion SPAC deal for US listing
Biotech firm Tevogen Bio will go public in the United States through a blank-check merger that values the combined entity at about $1.2 billion, the companies said on Thursday. The deal with Semper Paratus...
Temasek-backed firms buy stake in VIVA Biotech unit ahead of listing
Entities backed by Singapore’s Temasek and Chinese investment firm HighLight Capital agreed to a deal worth 1.06 billion yuan ($148.7 million) for stakes in a unit of VIVA Biotech Holdings, the pharmaceutical...
German family-owned Schmid Group aims for SPAC listing on NYSE
Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million. The fifth...
Morgan Stanley sells stake in Divgi TorqTransfer after muted listing
Morgan Stanley has sold about 3.73 lakh shares in Divgi TorqTransfer through a block deal for about Rs 22 crore after a muted debut on exchanges. The deal was executed at a gross price of Rs 590.32 per share. According...
Fintech firm GloriFi plans U.S. listing with $1.7 bln SPAC deal
Fintech company GloriFi is planning a U.S. listing by merging with blank check firm DHC Acquisition Corp in a $1.7 billion deal. GloriFi, whose equity holders will roll forward 100% of their existing shares, will...