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...
PE firms Bain, CVC Capital among those circling around Max Financial to buy out promoter Analjit Singh
Private equity funds Bain Capital and CVC Capital Partners are among those evaluating buying the promoter stake of in Max Financial Services Ltd (MFS) — the flagship listed company of serial entrepreneur Analjit...
JC Flowers to buy Eight Capital’s residual stake in ARC subsidiary
Global private investment firm JC Flowers & Co will acquire Eight Capital’s entire stake in JC Flowers Asset Reconstruction Company (ARC), at a time when is set to pick up a 20% equity in the ARC, said two...
Uber sells 7.8% stake in Zomato via block deals
Uber Technologies exited its entire 7.8% stake in food delivery platform Zomato by selling 612 million shares through multiple block deals on Wednesday. The American mobility service provider raised around ₹3,088 crore...
Goldman Sachs’ Petershill nears deal for Arsenal Capital stake -sources
Petershill Partners Plc, the London-listed subsidiary of Goldman Sachs Group Inc’s asset management division, is nearing a deal to acquire a stake in private equity firm Arsenal Capital Partners, people familiar...
Jhunjhunwala-backed Nazara Tech’s unit acquires 100% stake in Planet Superheroes
Nazara Technologies on Thursday announced that its unit NODWIN Gaming has acquired 100% stake in licensed merchandising D2C company Planet Superheroes. Shares of Nazara Tech were trading over 2% higher at ₹2,360 apiece...
HLE Glascoat acquisition of Thaletec GmbH. Will this acquisition help HLE to foray in Global Market?
Glass-lined equipment is a corrosion-proof material that can be used for a host of processes from pharmaceutical production to specialty chemicals and polymers. Strong glass-lined equipment prevents materials...
Continuum Energy’s founders keen to buy Morgan Stanley’s stake in firm
Continuum Energy’s founders are interested in buying out Morgan Stanley’s entire stake in the green energy company that they founded in 2009 and in which the US-based bank invested subsequently. “Founders are interested...
Baring set to buy controlling stake in Hinduja Global Unit
Baring Private Equity Asia is set to pick up a controlling stake in the healthcare outsourcing division of (HGS) in a deal valuing the business vertical at around $1 billion (₹7,500 crore). Baring was competing with...