Cipla on Wednesday announced that it has completed the sale of its 51.18 per cent stake in Cipla Quality Chemical Industries Uganda (CQCIL) for a final consideration amount of $25 million. The transaction was finalised...
Sports tech firm Game Theory acquires Matchday.ai for an undisclosed amount
Sports tech firm Game Theory has acquired Matchday.ai (Matchday), a leading sports analytics startup, for an undisclosed amount. Game Theory is backed by Zerodha founder Nithin Kamath’s Rainmatter fund. The...
TVS ILP announces strategic partnership with Lingotto via stake sale
TVS Industrial and Logistics Parks (TVS ILP) on Tuesday announced a strategic partnership with Lingotto, an investment management company owned by Dutch firm Exor N V. The “transformative partnership” was...
Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr
Raymond Group on Friday announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals. The transaction will be subject to...
M&A activity dips amid geopolitical concerns, only 5 mega deals this year
Rising interest rates, geopolitical tensions, and recession fears have led to a downturn in Mergers and Acquisitions (M&A) activities in the first quarter of 2023, said a Boston Consulting Group report. According to...
Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd
Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
Siemens Energy considering to sell substantial part of 24% stake to Siemens
Siemens Energy AG is considering selling a substantial part of its 24% stake in a listed Indian affiliate to former parent Siemens AG as part of efforts to shore up its balance sheet, according to people familiar with...
Vodafone nears stake sale in $5.3 bn Spanish unit to Zegona: Report
Vodafone Group Plc is close to selling a stake of at least 50% in its Spanish business to Zegona Communications Plc in a deal that values the asset at more than €5 billion ($5.3 billion), according to people familiar...
GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport
India’s GMR Airports and its affiliates will buy an additional 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad’s unit, the company said in a statement. GMR Airports...
Swiss-Asia Holding exits ABFRL, sells entire 1.03% stake for Rs 207 crore
Financial services company Swiss-Asia Holding Pte offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail Ltd (ABFRL) for Rs 207 crore through an open market transaction. Swiss-Asia Pte through its...
TVS Srichakra to acquire US based firm, to grow off-highway tyre biz
TVS Srichakra Ltd, makers of TVS Eurogrip, Eurogrip and TVS brand of tyres, has drawn up plans to acquire the US-based Super Grip Corporation as part of its vision to grow in the global off-highway tyre market. On...
Govt to sell up to 7% stake in HUDCO through an offer for sale this week
The Indian government will sell up to a 7% stake in state-run housing finance company, Housing and Urban Development Corp., through an offer for sale this week, according to a filing with the stock exchange. The plan...
