The National Company Law Tribunal (NCLT) adjourned the hearing in the scheme of arrangement between Walt Disney-owned Star India and its subsidiary Novi Digital Entertainment, which owns the streaming platform Disney+...
ADIA, HarbourVest eye minor stake in Cohance
The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the oil-rich emirate, along with London-based private equity fund HarbourVest, is in discussions to acquire a minority stake in Cohance...
Blackstone may sell up to 50% in PGP Glass
Global private equity (PE) firm Blackstone Inc. is looking to sell as much as 50% stake in PGP Glass Pvt. Ltd that it acquired three years ago, three people aware of the development said. The PE firm has named...
ChrysCapital acquires 75% stake in ProHance, enters SaaS segment
Private equity firm ChrysCapital said it has acquired a 75% stake in ProHance Analytics, a Bengaluru-based business-to-business software-as-a-service (B2B SaaS) platform offering workforce analytics and operations...
Hotstar’s owner to merge with Star India
Novi Digital Entertainment, which owns the Disney+ Hotstar streaming platform, has initiated a process to merge with its parent firm, Walt Disney Company-owned Star India. Both companies have already filed the scheme of...
Nirma to buy Glenmark Life Sciences for ₹5,651 crore
Nirma Ltd has agreed to buy 75% of Glenmark Life Sciences Ltd for ₹5,651.5 crore in a deal that values the latter at ₹7,535.4 crore. Mint reported first on 15 August that the cement-to-detergent maker was the sole...
Indiarf picks up majority stake in Punjab-based hospital chain Ivy for Rs 525 cr
India Resurgence Fund (Indiarf) announced a Rs 525 crore investment to acquire a majority stake in Punjab-based corporate hospital chain Ivy Health and Life Sciences. The Piramal Enterprises and Bain Capital investment...
Mirae Asset arm acquires 11-acre pre-leased warehouse in Bhiwandi near Mumbai
The real estate market has historically been the asset class that created the most wealth for investors but the need for specialised investment know-how and large capital investment has restricted the asset class –...
Sajjan Jindal likely to acquire up to 48% in MG Motor India, make it an Indian company
A private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy into MG Motor India, a wholly owned arm of Shanghai-headquartered SAIC Motor, said people with knowledge of the matter. The group’s...
LIC raises stake in SAIL by 2%
State-run insurer Life Insurance Corp of India (LIC) has hiked its stake by 2% in Steel Authority of India Ltd (SAIL) between October, 2021 and March 2023, according to an exchange filing. With the increase in stake...
LIC hikes stake in Tech Mahindra to 9%
India’s largest institutional investor and insurer Life Insurance Corp of India (LIC) has raised its stake in IT bluechip Tech Mahindra Ltd to 8.88% from 6.87% since November, highlighting domestic fund managers’...
Baring EQT set to buy HDFC’s education loan arm Credila for up to $1.5 billion
Baring Private Equity Asia (BPEA) EQT is set to acquire Credila Financial Services, the educational loan arm of Housing Development Finance Corp (HDFC), for $1.3-1.5 billion (Rs 10,000 crore-12,000 crore), trumping...