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...
GMR Enterprises in talks to raise around Rs300 crore
GMR Enterprises Pvt. Ltd, the holding company of Hyderabad-based infrastructure conglomerate GMR Group,is in talks to raise around Rs300 crore in structured debt to refinance some existing debt, two people aware of the...
Suuti sells 1.6% stake in L&T, SBI picks up shares
Mumbai: The Specified Undertaking of the Unit Trust of India (Suuti) on Friday sold a 1.6% stake in India’s largest engineering and construction firm Larsen and Toubro Ltd (L&T) through a block trade, said three...
UBS Sees Middle East M&A Revival as Bank Leaps Up League Tables
UBS Group AG’s investment banking business is set to have its best year advising on Middle Eastern deals in at least a decade as the firm’s new strategy in the region pays off. The bank is ranked first as an adviser on...
How China’s Dealmakers Pulled Off a $207 Billion Global Spree
When a Chinese home-appliance company announced a plan in May to become the largest shareholder in one of Germany’s most advanced robot manufacturers, the backlash was immediate. German politicians and European...
GMR Group in talks for stake sale in Chhattisgarh power plant
Mumbai/New Delhi: Infrastructure conglomerate GMR Group has initiated discussions with SembCorp Industries Ltd of Singapore and US-based Lone Star Funds for selling a significant stake in GMR Chhattisgarh Energy Ltd...
ChrysCapital set to exit Eris Lifesciences in $200 million IPO
Mumbai: Eris Lifesciences Pvt. Ltd has hired three investment banks to manage its initial share sale, offering private equity investor ChrysCapital an opportunity to sell its entire stake in the drug maker, three people...
Stake sale news flow no longer a burden on Castrol India stock
Castrol India Ltd’s share price jumped 8.8% on Tuesday, a day when the benchmark Sensex declined 0.4%. Castrol Ltd, a wholly-owned subsidiary of BP Plc., sold 8.5% stake in Castrol India through a bulk deal. 42 million...
Ola’s non-compete pact with Didi tested in Uber China deal
Bengaluru/New Delhi: The sale of Uber’s China unit to local rival Didi Chuxing may violate the shareholder agreement the Chinese company signed with Ola, India’s largest cab-hailing service, according to official...
Samsung Said in Talks to Buy Assets of Fiat Auto-Parts Unit
Samsung Electronics Co. is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles NV, according to people familiar with the matter. Samsung is...
Wanda’s Wang Heads for Record M&A Year With $16 Billion in Deals
Billionaire Wang Jianlin is headed for a record year of mergers and acquisitions as the Chinese tycoon seeks to build an entertainment empire that could challenge Walt Disney Co. by the end of the decade. Wang’s AMC...
Government allows Ambuja Cement to acquire 24% stake in holding firm
NEW DELHI: Government today cleared the proposal of Ambuja CementsBSE 1.77 % to acquire 24 per cent stake in its holding firm Holcim India, a move that will allow its parent Swiss giant LafargeHolcim to strengthen India...