Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters. The...
CCI clears Air India-Vistara merger subject to certain conditions
Competition Commission approved the proposed merger of Air India and Vistara subject to certain conditions. The development is a major step forward for Tata Group in consolidating its aviation business. In a post on...
Infosys completes acquisition of Danske Bank’s IT centre in India
IT services company Infosys said it has completed the acquisition of Danske Bank’s IT centre in India. Danske Bank chose Infosys as a strategic partner to drive digital transformation initiatives with speed and...
IndiGrid completes acquisition of Virescent Renewable Energy Trust
Infrastructure investment trust India Grid Trust said it has completed the acquisition of Virescent Renewable Energy Trust (VRET). India Grid Trust said the enterprise value is not exceeding Rs 4,000 crore, subject to...
Quinag exits Manappuram Finance, sells entire stake for Rs 1,177 crore
Foreign fund house Quinag Acquisition on Thursday offloaded its entire stake in Manappuram Finance for Rs 1,177 crore through an open market transaction. According to the bulk deal data available with the BSE, Quinag...
Subway nears $9.6 billion sale to Arby’s owner Roark Capital: Report
Roark Capital, which owns restaurants Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported. A deal could be finalized this week...
NCLT approves Vedanta’s acquisition of Meenakshi Energy at Rs 1,440 crore
Vedanta, led by Anil Aggarwal, has received the National Company Law Tribunal’s (NCLT) green light for its strategic acquisition plans. The focus of this acquisition is Meenakshi Energy, an entity entrenched in...
Apple should end deal drought by buying ESPN from Walt Disney, says analyst
Apple Inc. is famous for avoiding high-profile acquisitions, but it should make an exception for Walt Disney Co.’s ESPN as it looks to build out the sports offerings on its streaming-video service, according to Wedbush...
CCI allows Apax Partners to acquire 30% stake in IBS Software Pte
Fair trade regulator Competition Commission of India (CCI) said it has approved Apax Partners’ proposed acquisition of the stake in IBS Software Pte. The proposed combination relates to the acquisition of...
Evergrande’s EV maker agrees to sell 28% stake for $500 mn to Dubai’s NWTN
The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc. in a deal that could keep the carmaker in business. NWTN has agreed to...
Authum Investment sells JSW Energy shares for Rs 552 cr via open market
Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction. Authum is a BSE-listed and registered NBFC in the business of investment in shares and...
Amcor Announces Acquisition of Scalable Flexible Packaging Plant in High-growth Indian Market
Amcor, a global leader in developing and producing responsible packaging solutions, today announced it has entered into an agreement to acquire Phoenix Flexibles, expanding Amcor’s capacity in the high-growth...
