MUMBAI: The Australian investment bank Macquarie Bank has sprung a surprise and decided to go back on its bet on leading logistics and express delivery service provider GatiBSE 0.17 % Ltd, by cashing out of its entire 5...
Blackstone to buy 32% stake in Stockholm landlord Carnegie
Blackstone, through its subsidiary Vega Holdco Sarl, will acquire the shares in the Stockholm-based company for 100 Swedish kronor ($11.8) each. Berlin: Blackstone Group LP agreed to buy a 32% stake in Swedish...
L&T to sell 15% stake in Technology Services via IPO
Close on the heels of the successful Rs 1,243-crore L&T Infotech IPO, diversified group L&T’s technology services unit has filed a draft prospectus with Sebi for a public offer to raise an estimated Rs...
Morgan Stanley to purchase 20% stake in ZCL Chemicals for Rs 180 crore
MUMBAI: Global private equity fund Morgan Stanley will pick up around 20% stake in ZCL Chemicals Ltd, formerly known as Zandu Chemicals, of the Parikh family for about Rs 180 crore, two people familiar with the...
China’s Wanda eyes stake in Paramount Pictures
SHANGHAI: Chinese conglomerate Wanda is in talks to buy a stake in US film studio Paramount Pictures, according to a report, marking the Asian company’s latest move to expand its entertainment empire. Wanda, which...
Samsung Electronics seeks stake in China electric carmaker BYD
SEOUL: South Korean technology giant Samsung Electronics Co Ltd on Friday said it is in talks to acquire a stake in Chinese automaker BYD to boost its chip business for electric cars. In December, Samsung Electronics...
Temasek, ChrysCap eye Rs 600cr stake in Hero FinCorp
MUMBAI: Singapore’s Temasek Holding and ChrysCapital are among the three suitors who have submitted term sheets to buy around 15 per cent stake in Hero FinCorp, the vehicle-financing unit of the country’s...
Granules to acquire 12.5 per cent stake in USpharma
HYDERABAD: Granules India LtdBSE -1.31 % today said its wholly-owned subsidiary Granules Pharmaceuticals Inc will acquire a 12.5 per cent stake in US-based USpharma for an undisclosed sum. According to a statement by...
Titan to acquire 62 per cent stake in Carat Lane for Rs 357.24 crore
NEW DELHI: Tata group firm Titan Co Ltd is acquiring 62 percent stake in online jewellery player Carat Lane for Rs 357.24 crore. The company, which in May had announced the decision to buy a majority stake in Carat...
Fairfax to acquire 51% stake in Privi Organics
Fairfax India Holdings Corporation is to acquire 51 per cent equity in Privi Organics, for Rs 370 crore ($55 million). It has entered into a share subscription agreement with Privi Organics and a share purchase...
Max Healthcare to acquire remaining 49% stake in Saket City Hospital for Rs 300 crore
NEW DELHI: Max Healthcare is set to acquire the remaining 49% stake in the erstwhile Saket City Hospital in South Delhi from BK Modi Group firm Smart Health City Pte Ltd for a little over Rs 300 crore, said a person...
Creador Capital close to investing Rs 118 crore for minority stake in Corona Remedies
MUMBAI | AHMEDABAD: Malaysian private equity firm Creador Capital is close to investing Rs 118 crore for a minority stake in Ahmedabad-based drug maker Corona Remedies. Creador, which has already invested in about eight...