Software major Adode’s $20 billion acquisition of cloud-based designer platform Figma is reportedly under scrutiny by the antitrust regulators in the European Union, the media reported on Tuesday. The EU...
Timken Singapore proposes to sell 8.4% stake in Indian unit for $231 mn
The Singapore-based parent of Timken India has proposed to sell an 8.4% stake in the Indian bearings and power transmission products maker for up to $231 million on June 20, according to the term sheet of the deal, seen...
Highdell Investment sells 6.2% stake in Kalyan Jewellers for Rs 725 cr
Highdell Investment, owned by US-based private equity major Warburg Pincus, on Friday, divested a 6.2 per cent stake in Kalyan Jewellers India Ltd for Rs 725 crore through an open market transaction. Franklin Templeton...
Amazon’s $1.7 bn deal to buy Roomba maker iRobot gets US approval
The UK’s antitrust regulator has cleared Amazon’s proposed $1.7 billion acquisition of iRobot, which designs and builds consumer robots, including robot vacuum cleaners sold under the ‘Roomba’...
Vodafone, Three to merge UK telecom operations to capitalize on 5G rollout
Two of the UK’s biggest mobile phone operators agreed to merge their businesses to capitalise on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone UK and Three, which is...
US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report
U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank worth as much as $267 million, CNBC-TV18 reported on Wednesday, citing sources. The stake sale would likely be at an offer...
Inox Wind Energy soars 19% on board’s nod for merger with Inox Wind
Shares of Inox Wind Energy rallied 19 per cent to hit a record high of Rs 2,150, while Inox Wind slipped 5 per cent to Rs 138.50 after the board approved merger with Inox Wind Energy. Inox Wind, India’s leading wind...
Deal activity plunges 87% YoY in May to $4.6 bn in value, 45% in volume
Deal activities fell a steep 87 per cent in May to USD 4.6 billion in value and by 45 per cent in volume terms to just 106 deals, according to an industry report. May 2022 witnessed four multi-billion-dollar deals...
UBS Group completes takeover of Credit Suisse to create bank titan
UBS Group AG completed the acquisition of former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan. The Swiss bank...
Tanla to acquire ValueFirst Group in all-cash deal of up to Rs 395 crore
Enterprise messaging firm Tanla said it will acquire peer ValueFirst and its subsidiaries in an all-cash deal ranging up to Rs 395 crore. Tanla will acquire 100 per cent stake in ValueFirst Digital Media Private Limited...
Stampede Capital Ltd (SCAP DVR) receives in-principle approval to explore merger, acquisition for restructuring the business of WEXL Edu Private Limited
Stampede Capital Ltd (SCAP DVR) – Financial Consultancy firm has received in-principal approval to explore appropriate options including merger, acquisition, or other suitable options of arrangement for...
CCI approves minority stake acquisition in Lenskart by Dove Investments
Fair-trade regulator CCI has approved the minority stake acquisition in Lenskart Solutions by Dove Investments, Defati Investments Holding BV and Infinity Partners. The proposed combination relates to Dove Investments...
