JSW Steel wants to consolidate the working capital-strapped downstream or value-added steel products industry in the country through its bids for assets like Asian Colour Coated Ispat and Vardhman Industries, a senior...
KKR, Carlyle and EQT among five buyout funds in race for Healthium
Some of the biggest buyout funds KKR, Carlyle, EQT, Hillhouse and TA Associates are competing against each other to buy out Healthium Medtech, the largest homegrown surgical sutures manufacturer, also the largest...
Vedanta’s demerger process to be completed in next 9-12 months: Official
Vedanta is working “actively” for demerger of its key businesses, including aluminium, into separate listed companies and the process is likely to be completed in next nine to 12 months, a top official of...
Shankara Building Products separates its trading & marketplace business for independent growth
Recently, Shankara Building Products Limited announced the demerger of its trading/building material marketplace business from its manufacturing business. Shankara Building Products Limited (“Demerged Company” or...
Tata Steel board decides not to merge TRF Ltd as company sees turnaround
Tata Steel on Wednesday said its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a turnaround in its business performance. Tata Steel had earlier announced the...
Tata Steel completes proposed amalgamation of five of nine subsidiaries
Tata Steel Ltd announced that it has successfully amalgamated five of its nine strategic businesses, in line with its long-term strategy and commitment to simplify its business portfolio. In an exchange filing on...
Adani closing in to buy Shapoorji Pallonji Group’s Gopalpur Ports in Odisha
Adani Ports and Special Economic Zone, India’s biggest maritime company by market capitalisation, is in advanced talks to acquire Shapoorji Pallonji Group’s (SP) Gopalpur Ports in Odisha for up to Rs 1,100-1,200 crore...
Apax, TPG among PE funds in talks to buy Inventia health
Several global and domestic private equity funds, including Apax Partners, TPG Capital, TA Associates and Kedaara Capital, are in initial discussions to acquire Inventia Healthcare, a Mumbai-based pharmaceuticals...
Carlyle to buy 30% of Quest Global for $500 mn
Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back...
Marico to acquire majority stake in nutrition brand Plix for ₹369 cr
Packaged consumer goods company Marico Ltd has signed a definitive agreement to acquire a majority stake in Satiya Nutraceuticals Private Ltd that owns plant-based nutrition brand Plix for ₹369 crore. “In line with our...
Vedanta makes a fresh bid to sell steel biz ESL
Billionaire Anil Agarwal’s Vedanta Ltd is seeking to sell ESL Steel Ltd, formerly known as Electrosteel Steels Ltd, after acquiring the asset for ₹5,320 crore through a bankruptcy resolution process five years ago, two...
Amara Raja Electronics announces stake acquisition in Design Alpha
Amara Raja Electronics Ltd said it has acquired a stake in engineering design firm Design Alpha. The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and...