Private equity (PE) fund ChrysCapital is in final discussions to acquire a significant minority stake in New Delhi’s Centre For Sight, valuing the eye hospitals chain at Rs 1,600 crore, said people aware of the...
Tokyo Gas joins race to acquire stake in Think Gas Distribution
Japan’s largest provider of city gas Tokyo Gas has joined the race to acquire a minority stake in Think Gas Distribution, Indian natural gas supplier owned by private equity fund I Squared Capital, said two people...
Rajiv Rattan buys Lone Star’s stake in NBFC for Rs 611 crore
Ending a long and bitter dispute, Rajiv Rattan, one of the founding members of Indiabulls, has acquired a 50% stake of its joint venture (JV) partner Lone Star Funds in RattanIndia Finance for Rs 611 crore (about $73...
Temasek in talks with Tata Group to offload 20% stake in Tata Play
Singapore-based investment firm Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people...
ChrysCapital still in race to buy controlling stake in Glenmark Life Sciences
Private equity (PE) firm ChrysCapital remains firmly in the race to acquire Glenmark Pharma’s stake in Glenmark Life Sciences (GLS), with reports about detergent-to-chemicals maker Nirma closing on the deal doing...
Bupa looks to raise stake in health joint venture
UK-based healthcare services and insurance provider Bupa is in talks with domestic private equity firm True North to pick a part of the PE firm’s stake in Niva Bupa Health Insurance Co, a joint venture between the...
Odisha likely to shelve plan to divest 49% stake in Genco
Odisha government is likely to shelve plans to divest 49% of its stake in thermal power producer Odisha Power Generation Corporation, said people aware of the development. The state government owns 100% equity but it...
JSW Group plans to sell minor stake in Neo Energy for $500 m
JSW Group is looking to sell a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, to raise up to $500 million, people aware of the development told ET. The steel and energy conglomerate has appointed...
Shree Cement in talks for stake in Sanghi Cement
Bangur family-owned Shree Cement is in non-binding talks to acquire between 40% and 72% stake in Sanghi Cement for an enterprise value (EV) of ₹6,000 crore, according to multiple sources briefed on the matter...
Brookfield expands green footprint, buys 51% stake in CleanMax Enviro
Canadian investment firm Brookfield has picked up a 51% stake in CleanMax Enviro (CleanMax Solar), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development...
RBI evaluating potential bidders for majority stake in IDBI Bank: Report
The Reserve Bank of India (RBI) is currently assessing several potential bidders who have expressed interest in acquiring a majority stake in the government-owned IDBI Bank Ltd, according to three sources familiar with...
Hinduja renewables joins race to buy major stake in Fourth Partner Energy
Hinduja Renewables, the green energy arm of the Hinduja Group, has joined the race to acquire a majority stake in renewable energy firm Fourth Partner Energy, two people aware of the development said. Hindujas are...