Goldman Sachs is aiming to snare a bigger share of the booming number of Special Purpose Acquisition Company (SPAC) deals in Asia by having senior bankers specifically target these blank cheque transactions across the...
Mahindra receives RBI approval to reduce stake in SsangYong Motor
Mahindra & Mahindra has received the green light from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor, putting the sale process with the potential investor on fast track...
Hong Kong-based Ares SSG Funds completes acquisition of Altico Capital
Ares SSG Funds of Hong Kong on Thursday announced completion of acquisition of debt-ridden Altico Capital, a nonbank lender to property builders. “The acquisition marks the first resolution of a defaulting NBFC...
Adar Poonawalla-backed Svasti Microfinance to raise Rs 150 crore
Svasti Microfinance, a start-up backed by Serum Institute of India Chief Executive Adar Poonawalla, is in talks to raise Rs 150 crore in the next financial year, said a company executive. This is likely to conclude by...
Grab Holdings weighs listing on US bourses through SPAC merger
Grab Holdings is exploring going public in the US through a merger with a blank-check company as the Southeast Asian ride-hailing and delivery giant seeks to expedite its listing process, according to people familiar...
Magma Fincorp shareholders approve 60% acquisition by Poonawalla-led firm
Non-banking finance company Magma Fincorp Ltd (Magma) on Tuesday said its shareholders have approved the company’s plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla...
Chemicals major Sanmar plans to raise equity to repay restructure debt
Fairfax-backed Sanmar Chemicals Group (Sanmar) is planning to raise equity to repay its restructure debt. The move would help the company to make investments in projects that exploit growth and cost-saving opportunities...
Panasonic to buy Blue Yonder for $6.5 bn in biggest deal since 2011: Report
Panasonic Corp will buy U.S. software firm Blue Yonder for 700 billion yen ($6.45 billion), the Nikkei reported on Monday, saying it was the Japanese electronics firm’s biggest acquisition since 2011...
APL Apollo zooms 48% in 10 trading sessions as Board okays merger scheme
Shares of APL Apollo Tubes (APL Apollo) hit a new high of Rs 1,394, up 4 per cent on the BSE, in the intra-day trade on Monday, surging 30 per cent in the past six trading days after the company’s board approved the...
Blackstone in talks to acquire a minority stake in Sify Technologies
Blackstone Group is in exclusive talks to acquire a minority stake in Sify Technologies, according to people with knowledge of the matter. The communications infrastructure firm has sought a valuation of around $1...
SPACs look to India for next wave of acquisition targets, says Nomura
Blank-check companies are increasingly looking to India for acquisition targets, which will keep the country’s recent dealmaking streak going, according to Nomura Holdings Inc. ReNew Power last week agreed to merge with...
Foresight Group eyeing Shipping Corporation of India for its LNG business
In a bid to help strengthen the country’s gas infrastructure, London-based shipping firm Foresight Group is eyeing Shipping Corporation of India (SCI), to make it a leading liquefied natural gas (LNG) carrier in the...
