Shortlisted bidders of Pawan Hans have time till March 6 to submit their financial bids for the government and ONGC’s stake in the helicopter service provider, an official said. Separately, the transaction...
Digital healthcare platform IMG Technologies to raise $70 million
Digital healthcare platform 1MG Technologies plans to raise around $70 million. One of the investors would be World Bank’s investment arm International Finance Corporation (IFC). IFC said the proposed equity...
Thermax to buy partner’s stake in joint venture
Engineering major Thermax on Tuesday announced entering into a definitive agreement with Germany-based Mutares Holding-24 AG and Balcke-Duerr GmbH to acquire their shareholding in its joint venture Thermax SPX Energy...
2018 best year for M&As as deal values rise 126% to $80 billion
2018 can be christened the ‘Year of M&As’, as mergers & acquisitions (M&A) skyrocketed to a whopping $80 billion, recording a 126 per cent jump on a year-on-year basis. Interestingly, 63 per cent of the...
International Finance Corp to invest $165 mn in Bajaj Finance, Dodla Dairy
International Finance Corporation (IFC) is planning to invest around $165 million in Bajaj Finance, a non-banking financial corporation (NBFC) as well as Dodla Dairy. IFC will make a $150 million debt investment...
Wipro to sell part of its Appirio business to Alight for $110 million
Wipro on Wednesday said it will divest two of its cloud-based HR solutions—Workday and Cornerstone OnDemand—to US-based Alight Solutions for about $110 million. The divestment of the two businesses, which came...
Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola
Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin’s personal capacity and is...
Indian Oil buys commissioning cargo of LNG for new Ennore terminal: Report
Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India’s first terminal in the east coast is readying for start-up, three...
Tata Sons increases stake in Tata Motors to restore investor faith
Tata Sons has bought 11.8 million shares of Tata Motors in tranches from last Monday to Friday, according to block deal data. The transaction — the second one in less than a year — is seen as an effort to restore...
Emami promoters sell 10% stake to pare Group debt, pledged shares
The Agarwal and Goenka families – promoters in Emami Ltd – have sold 10 per cent of their stakes for Rs. 1,600 crore to pare the debts of other Group companies like Emami Cement, Emami Power and others. The...
Why Jet Airways is selling a majority stake for Re 1
Debt-ravaged Jet Airways India Ltd., the country’s biggest so-called full-service airline, is selling a majority stake for Re 1– a little more than 1 US cent. It’s part of a bailout plan by its state-owned lenders...
NBCC, Suraksha bid to acquire Jaypee Infratech, finish stalled projects
State-owned NBCC and Mumbai-based Suraksha group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources said. The value of the bids could not be...
