India Grid Infrastructure Investment Trust commonly known as IndiGrid InvIT which was the second InvIT to get listed in the Indian stock market now has added Esoteric II Pte Ltd, an affiliate of KKR & Co. Inc as a...
Lakshmi Vilas Bank in talks with investors to raise ₹1,000 cr more
Less than a month after striking a deal with Aion Capital-backed non-banking financial company (NBFC) Clix Capital Services Pvt. Ltd for fund infusion, Lakshmi Vilas Bank“““ (LVB) chief S. Sundar has...
CVC Capital set to buy into Cancer chain HCG, to be co-promoter
CVC Capital is expected to buy a large stake in Healthcare Global Enterprises, which could make it the largest shareholder and a co-promoter of the Bengaluru-based cancer-care chain four years after its IPO, people in...
M&A deals perk up in health insurance
Mortgage lender HDFC Ltd has completed the acquisition of a majority stake in Chennai-based Apollo Munich Health Insurance Company Ltd for Rs 1,495.81 crore. Last year, TTK Group had exited from the Cigna TTK Health...
Allcargo acquires 13% stake in Gati amid family dispute
Allcargo Logistics, a multimodal logistics firm, has acquired around 13% in express logistics firm Gati Ltd, the company said in a statement. “In line with the approval by Gati’s shareholders at the EGM on the 7th...
Trian Fund takes 2.6 percent stake in PPG Industries: WSJ
(Reuters) – Nelson Peltz’s hedge fund Trian Fund Management has taken a stake of 2.9 percent stake valued at $690 million in paints and coatings maker PPG Industries, the Wall Street Journal reported here...
LIC bails out IDBI Bank
The government in its zeal to address twin problem of divestments and fiscal deficit and at the same time exiting some loss making PSU which are cash guzzlers and value destroyers; comes out with an innovative idea...
IRDA may ease the 15% rule to let LIC buy IDBI Bank
The board of India’s insurance regulator—Insurance Regulatory and Development Authority of India, or IRDA—will meet on Friday to discuss a possible easing of rules to facilitate IDBI Bank sale to Life Insurance...
Warren Buffett’s Berkshire Hathaway has made 35 acquisitions since 2001
35 What is it? The number of acquisitions made, or significant stakes in companies purchased, by Warren Buffett’s Berkshire Hathaway since 2001. On Tuesday, Berkshire bought 38.6% in Pilot Travel Centers, the largest US...
OmniActive Health buys 85% stake in fragrance firm Indfrag for $80 million
OmniActive Health Technologies, a supplier of ingredients to the healthcare and food industries, has acquired a controlling stake in fragrance and specialty chemicals maker Indfrag Ltd for about $80 million, at least...
2016 — India Inc’s year of fire sales
The year 2016 will go down in the history of India Inc for the record number of fire sales as companies struggled with stressed balance sheet and banks burdened with bad loans. For years in the past, companies across...
How Prem Watsa’s deal to buy stake in CSB offers ray of hope for ailing banks
As the currency demonetisation announcement, last month occupied both mind as well as news space, one far-reaching development in the banking sector slipped under the radar. Canadian billionaire Prem Watsa’s Fairfax...