Satellite company SES has agreed to buy Intelsat S.A for $3.1 billion in a deal that would create a major European player but raised investor concerns around debt, sending the buyer’s shares to a record low. SES...
Aurionpro Solutions to acquire fintech startup Arya AI for $16.5 million
Financial services software firm Aurionpro Solutions on Friday said it will acquire banking and insurance focused startup Arya.ai for $16.5 million (about Rs 138 crore). Under the all-cash deal, NSE-listed Aurionpro...
Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn
Bank of Tokyo-Mitsubishi UFJ (MUFG) is buying a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank at a $9-10 billion valuation, ahead of its proposed IPO, said people aware. The final decision...
Tradeweb to buy investment tech firm ICD for $785 mln
Rates and credit trading platform Tradeweb Markets will buy investment technology firm Institutional Cash Distributors (ICD) for $785 million, it said on Monday, as it seeks to boost its appeal to corporate treasury...
Al Gore firm, CapitaLand eye Radiance acquisition
Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two...
Tech Mahindra to merge US-based subsidy Born Group with parent Tech Mahindra (Americas) Inc
Tech Mahindra, India’s one of leading IT services and consultation firms, has said that the company will be merging its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc...
INOXGFL Group plans to sell majority stake in C&I business; mandates EY for sale process
INOXGFL Group has hired EY for a planned majority stake sale in its commercial and industrial (C&I) business, two people aware of the development said, a transaction with a potential equity value of around $200...
Masdar, Gentari, others eye majority stake in Ayana Renewable Power
About half a dozen investors, including Abu Dhabi’s Masdar Clean Energy, Petronas-owned Gentari, Singapore’s Sembcorp, PSP Investments and Brookfield, are vying to acquire Ayana Renewable Power, a clean...
Allcargo Logistics creating a more simplified structure
After successful demerger followed by separate listing of its Container Freight Stations/Inland Container Depots Business and Equipment Rental, Logistics Parks and other Real Estate assets, Allcargo Logistics Limited...
Synopsys to buy engineering software firm Ansys in $35 billion deal
Chip design software maker Synopsys, said it would buy Ansys, in a $35 billion cash-and-stock deal, snapping up the maker of software used in creating products from airplanes to tennis rackets of players like Novak...
SAT Order on ZEEL Directors
SEBI’s Interim Order on Zee Entertainment Enterprises Limited According to the web search results, SEBI passed an interim order against Zee Entertainment Enterprises Ltd (ZEEL) and its promoters on June 12, 2023, vide...
Iberdrola’s Avangrid terminates $8.3 bln deal to buy PNM Resources
Iberdrola’s U.S. unit Avangrid Inc said it has terminated its planned $8.3 billion acquisition of rival PNM Resources because it could not get all the necessary regulatory approvals to close the deal by Dec. 31...