Agro-chemical major UPL Ltd on Wednesday said its Mauritian subsidiary has raised $500 million by issuing bonds to buy back existing debt securities and debt repayment. UPL Corporation Ltd, Mauritius, a subsidiary of...
ZF Friedrichshafen issues draft offer to acquire 25% shares in Wabco India
German company ZF Friedrichshafen AG along with related firms, has issued a draft offer letter for the open offer to acquire a 25 per cent stake in auto component maker Wabco India, by acquiring 4.74 million equity...
Apollo Global Management, ICICI Venture to end joint venture AION Capital
In a sudden move, US private equity giant Apollo Global Management has parted ways with ICICI Venture in their joint venture AION Capital Partners, which specialises in stressed assets. The two firms will continue with...
Europe’s Just Eat Takeaway to buy Grubhub for $7.3 bn in all-stock deal
European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy US peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company...
Affle India to acquire Singapore-based Appnext; stock jumps 5%
Shares of Affle India jumped 5 per cent to Rs 1,555.55 on the BSE on Tuesday after the company announced acquisition of Singapore-based Appnext Pte Ltd. At 10:05 am, the stock was trading 3.45 per cent higher at Rs...
UPL plans to raise about $500 million via bonds as economy is opened up
UPL Corporation, an agrochemical company, plans to raise about $500 million through international market for repayments and raising resources as the economy opens up after a weeks-long nationwide lockdown to contain the...
Yatra terminates Rs 2,300-cr merger pact with US software firm Ebix
Online travel company Yatra has terminated its pending merger agreement with US-based software firm Ebix and filed litigation against it in the State of Delaware, seeking “substantial damages” for alleged breaches of...
PE firm Sycamore Partners in talks to buy troubled store chain JC Penney
Private equity firm Sycamore Partners is in preliminary talks to acquire JC Penney Co Inc out of bankruptcy should the US department store chain’s negotiations with its creditors fail, three people familiar with...
Yatra Online terminates pending merger agreement with US-based Ebix Inc
Travel services company Yatra Online Inc on Friday said it was terminating a pending merger agreement with US-based software firm Ebix Inc and had filed litigation seeking “substantial” damages for...
RIL raises over Rs 1 trn in 6 weeks, sells 19.9% stake in Jio Platforms
With the stake sale of 1.85 per cent to Mubadala Investment Company and an additional 0.93 per cent to Silver Lake in its digital services subsidiary on Friday, Reliance Industries’ (RIL’s) fundraising in the past six...
Silver Lake raises stake in Jio platforms, invests additional Rs 4,546 cr
Private equity firm Silver Lake has invested an additional Rs 4,546.80 crore in Reliance Industries’ digital arm Jio Platforms to raise its stake in the firm to 2.08 percent. Reliance Industries in a statement...
Amazon in talks to buy 5% stake worth $2 billion in Bharti Airtel: Report
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s...
