Sundaram Asset Management Company (Sundaram), a 100 per cent subsidiary of Sundaram Finance Ltd, has announced the purchase of the core businesses of Principal Asset Management Pvt Ltd. Value of the transaction is...
WeWork in talks to go public through a merger with SPAC, says report
WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC) and is also exploring raising funds from private investors, a little over a year after its botched initial public...
Reckitt Benckiser leads Rs 45 crore investment in Bombay Shaving Company
Reckitt Benckiser, the British multinational consumer goods company, has led a strategic investment round of Rs 45 crore in Visage Lines Personal Care Pvt. Ltd., the owner of the personal care brand Bombay Shaving...
Senior TVS family members to file composite amalgamation scheme with NCLT
After executing the memorandum of family arrangement (MFA) in December, members of the $8.5-billion TVS group have decided to implement the family arrangement, inter alia, through a composite scheme of amalgamation...
Peraton to acquire IT services provider Perspecta in $7.1 billion deal
Perspecta Inc, provider of information technology services to government customers, said on Wednesday it has agreed to be bought by buyout firm Veritas Capital-backed Peraton in a $7.1 billion all-cash deal...
Hyundai invests in startup UVeye for automated vehicle inspection system
South Korean automaker Hyundai Motor has invested in Israeli startup UVeye, a developer of automated vehicle inspection systems, to use its platform in global production lines. The Tel Aviv-based UVeye said it has...
Adani Total Gas, Torrent Gas invest in IGX, acquire 5% stake each
Adani Total Gas and Torrent Gas have become the first strategic investors in IGX (Indian Gas Exchange) by acquiring five per cent stake each, according to the Indian Energy Exchange (IEX). The IGX is an arm of IEX and...
Anarock acquires apartment management platform ApnaComplex from NestAway
Homegrown property consultant Anarock on Monday said it has acquired society and apartment management platform ApnaComplex from Bengaluru-based NestAway Technologies. The company did not disclose the deal value...
Godrej Fund Management raises $200 million from APG for office segment
Godrej Fund Management (GFM), the real estate private equity arm of the Godrej Group, on Monday said it raised $200 million from Netherlands-based APG Asset Management for its $500 million office property fund. This is...
Google completes Fitbit acquisition for $2.1 bn amid antitrust concerns
Google has completed its USD 2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while US government regulators pursue an antitrust case aimed at...
Delhi HC issues notice to Future, RIL retail arms on Amazon’s plea
Jeff Bezos-led Amazon is leading the battle with Kishore Biyani-headed Future Group on multiple fronts related to the retail conglomerate’s $3.4-billion deal with Reliance. The Delhi High Court (HC) on Wednesday served...
Infosys to acquire assets, onboard employees of Australia’s Carter Digital
IT services major Infosys on Wednesday said it will purchase assets and onboard employees of Carter Digital, an Australian experience design agency. “This asset takeover strengthens Infosys’ global design...
