Edtech decacorn Byju’s is in talks to acquire exam preparation firm Aakash Educational Services Limited for about $700 million-$750 million, according to the sources. “But the conversations are very early. Even the term...
Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly
Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh’s largest third-party e-commerce logistics (3PL) firm, Paperfly. Through this...
Tech Mahindra to acquire Payments Technology Services for Rs 66 cr
IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore). The acquisition will give Tech...
Tata Chemicals in advanced talks for Archean’s industrial salt unit
Tata Chemicals Ltd. is in advanced talks to acquire the industrial salt unit of Archean Group that could value the business at 4.5 billion rupees ($61 million) at a minimum, according to people familiar with the matter...
Private equity deals more than double to $33.8 billion in 2020: Report
Close to USD 18 billion that Reliance Jio and Reliance Retail mopped up from a slew of private equity transactions in 2020 has pushed up the money inflows through this route by 108 per cent to USD 33.8 billion...
Inbound mergers and acquisitions fall 7% to $73.6 billion in 2020: Report
Despite Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the overall inbound M&As failed to notch up the 2019 tally with the value falling 7...
HCL Tech completes acquisition of Australia’s business consulting firm DWS
HCL Technologies on Tuesday completed the acquisition of DWS Ltd, a leading Australian IT, business and management consulting group. DWS has over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane and...
Cred raises $81 million funding, undertakes $1.2 million buyback plan
Cred on Monday said it has raised USD 81 million (about Rs 591.2 crore) in funding, valuing the fintech firm at a post-money valuation of USD 806 million (about Rs 5,883 crore). Existing investor, DST Global led the...
Japan’s Kirin to invest $30 million in maker of Indian craft beer Bira
Japan’s beer maker Kirin Holdings will invest $30 million in New Delhi-based B9 Beverages, the companies said on Monday, as it seeks to secure a spot in India’s growing craft beer market amid falling sales...
Centre plans to offload 10% stake in Rashtriya Chemical and Fertilizers
The government is planning to sell 10 per cent stake in Rashtriya Chemical and Fertilizers Ltd (RCFL) and invited bids from merchant banker and legal firms for managing the share sale process. Interested merchant...
Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality
Jubilant Foodworks Ltd (JFL), which operates fast food chains Domino’s Pizza and Dunkin’ Donuts in India, on Thursday said it will invest Rs 92 crore into Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76...
IDBI Bank sells 23% stake in its life insurance arm to Ageas for Rs 507 cr
Private lender IDBI Bank has concluded the sale of 23 per cent stake in IDBI Federal Life Insurance Company Ltd (IFLI) to Ageas Insurance International NV for a consideration of Rs 507 crore. With this, Ageas will hold...
