US-based private equity fund Warburg Pincus is looking to exit Embassy Industrial Parks, its joint venture with Bengaluru-based Embassy Group, four-and-a-half years after it signed the $250 million deal to build...
Uber sold Indian food delivery business to Zomato for $206 million
Uber sold its Indian food delivery business to Zomato for $206 million, the US-based firm said in its annual report, filed with the US Securities and Exchange Commission on Monday. “The estimated fair value of the...
Antony Waste Handling Cell raises Rs 61 crore from anchor investors
Antony Waste Handling Cell has allotted shares worth Rs 61 crore to three anchor investors ahead of its IPO. The investors include Massachusetts Institute of Technology, Vantage Equity Fund and 238 Plan Associates. The...
Ixigo invests in gogoBus mobility startup, enters bus-booking segment
Travel tech start-up Ixigo on Tuesday said it has invested an undisclosed sum of money in inter-city mobility company gogoBus. The deal will be followed by a $500,000 round in gogoBus from other investors, Ixigo founder...
Tatas likely to take call on cash-strapped Air India bid this week
Tata Sons and Singapore Airlines are actively weighing the option to bid for Air India and a decision to submit an expression of interest (EoI) could be taken soon. Sources aware of the development said the board of...
Kotak Fund invests Rs 500 crore in debt-laden Jindal Stainless
Kotak Investment Advisors-managed Kotak Special Situations Fund (KSSF) on Monday announced an investment of Rs 500 crore in Jindal Stainless Limited (JSL) in the form of debt and equity. This will help the stainless...
French energy giant Total acquires 37.4% in Adani Gas for Rs 5,152 crore
French energy giant Total on Friday acquired 37.4 per cent stake in Gautam Adani-led Adani Gas, in a bulk deal worth Rs 5,152 crore. Through the deal, Total Holdings SAS bought a stake from several Adani...
True North scouts for acquisitions in orthopaedics and gynaecology space
Homegrown private equity (PE) player True North is scouting for acquisitions in the orthopaedics and gynaecology space to build its domestic formulations portfolio. The PE operates in this space through its portfolio...
Jeff Bezos teams up with Narayana Murthy to enter India’s food delivery biz
Amazon is all set to start its food delivery business in India from Bengaluru next month, says a news report in The Economic Times. The launch of the service, which would be offered as part of either Amazon’s Prime Now...
Nokia shares rise in falling market on talks of possible merger, asset sale
Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers. JPMorgan analysts wrote in the wake of...
Thyssenkrupp sells elevator unit for $18.7 bn to Advent-led consortium
Thyssenkrupp on Thursday said it agreed to sell its elevators division to a consortium of Advent, Cinven and Germany’s RAG foundation for 17.2 billion euros ($18.7 billion) in what could be the world’s...
Chandigarh NCLT approves Hindustan Unilever, GSK Consumer Healthcare merger
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the Chandigarh bench of National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer...
