Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic. The offer of stake in JSC Yamal LNG was made when Oil Minister...
Trivitron buys 60 per cent stake in Turkish firm for 5 million euros
NEW DELHI: Medical technology firm Trivitron Healthcare has acquired 60 per cent stake in Turkish firm Bome Sanayi Urunleri Dis Tic Ltd Sti for 5 million euros (around Rs 37 crore). The remaining 40 percent stake in in...
Indian Oil, BPCL and HPCL may hold 51% stake in Maharashtra refinery
Mumbai: Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) may jointly hold a 51% stake in a large refinery and petrochemical complex proposed to come up in coastal...
Post-Brexit Wreckage Spawns M&A Bargain Hunters, Pound Evacuees
Tourists aren’t the only ones flocking to Britain for bargains. In the wake of the country’s June 23 vote to leave the European Union, the U.K.’s stocks and currency dropped, presenting an attractive prospect to global...
Vice Media acquires majority stake in Garage magazine
San Francisco: Vice Media on Tuesday announced that it has bought a controlling interest in Garage magazine, a twice-annual publication founded by the wife of a Russian billionaire. Launched in 2011 by Dasha Zhukova...
Emaar PJSC plans to raise stake in MGF joint venture to over 74%
NEW DELHI: Dubai-based Emaar PJSC is planning to infuse fresh equity capital in Emaar MGF Land to raise its controlling stake in the company to more than 74%, said two people familiar with the matter. Emaar PJSC holds...
TPG Capital partners three LPs for ICICI Home Finance deal
TPG Capital has brought on board Temasek Holdings, Singapore’s GIC and HarbourVest Partners for the $320 million deal. Mumbai: Private equity firm TPG Capital has partnered three of its limited partners (LPs) to close...
Travel Boutique Online buys stake in Deyor Camps
NEW DELHI: Travel Boutique Online, a travel portal backed by Naspers, has taken a strategic equity stake in Deyor Camps, a chain of branded adventure camps in India. Travel Boutique Online, which has more than 19,000...
Trafigura in talks to buy minority stake in Essar Oil
Trafigura Group Pte is in talks to acquire a minority stake in Essar Oil Ltd, India’s second-largest private refiner, in a deal that could value the business at about $6.5 billion, people with knowledge of the matter...
Tata-owned India Hotels sells 5.1 per cent stake in Belmond for $49.57 million
NEW DELHI: Indian Hotels Company Ltd, which owns the Taj Group of Hotels & Resorts, has sold 5.1% of its total outstanding class A common shares of hotel company Belmond Ltd, formerly known as the Orient Express...
Ruias plan to sell another 25% stake in Essar Oil
NEW DELHI: After stitching a deal to sell 49 per cent stake in Essar OilBSE -0.15 % to Russia’s Rosneft, the Ruia family is looking at selling another 25 percent stake in the company to an oil trader or a...
Religare Finvest acquires 24.49% stake in ABG Shipyard
Mumbai: Religare Finvest Ltd, a subsidiary of Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India’s largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company...