Bessemer India Capital Holdings II on Thursday divested 7.75 per cent stake in Home First Finance Company India for over Rs 467 crore through an open market transaction. Fidelity Funds – Asian...
Cholamandalam Investment, Aptus deny talks for merger after media reports
Cholamandalam Investment and Finance Company (Chola) of the Murugappa group said on Thursday it has no plans to acquire a stake in Aptus Value Housing Finance India. “We wish to clarify that Chola has not expressed any...
ADIA close to buying a $500 million stake in eyewear startup, Lenskart
Abu Dhabi Investment Authority is nearing a deal to acquire a stake in Indian eyewear startup Lenskart Solutions Pvt. for about $500 million, according to people familiar with the matter. The Middle Eastern sovereign...
DOMS buys 30% stake in Delhi-based toy maker Clap Joy for undisclosed sum
DOMS Industries Pvt Ltd has announced the acquisition of a 30 per cent stake in toy maker Clap Joy Innovations Pvt Ltd. The move is part of DIPL’s strategy to expand into newer related-product categories and...
NCLT allows merger of HDFC’s two subsidiaries with HDFC Capital Advisors
The National Company Law Tribunal (NCLT) on Friday gave its approval for the merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors, taking the merger of the parent with HDFC Bank a step...
Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners
Adani group said it has sold minority stakes in four of the conglomerate’s listed companies to American equity investment boutique GQG Partners for Rs 15,446 crore. In a statement, the group said shares in Adani...
Axis Bank completes acquisition of Citibank India’s consumer business
Axis Bank – the third largest private sector lender — completed the acquisition of the consumer businesses of Citibank India and its non-banking finance arm, Citicorp Finance (India), for a cash consideration of...
Sonata Software jumps over 4% on acquiring US-based Quant Systems
Sonata Software jumped 4.5 per cent to a high of Rs 721 in intra-day trades on Thursday on the BSE, after the company’s North America arm inked an agreement to buy 100 per cent stake in Quant Systems Inc, a Texas...
Amazon closes $3.9 billion acquisition of health company One Medical
Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical. The e-commerce giant has said the buyout, which was announced in July, is a key component of its...
Temasek in talks to buy stake in India’s Cloudnine hospital chain: Report
Singaporean sovereign fund Temasek Holdings is in advanced talks to buy a minority stake in Cloudnine Hospitals, valuing the Indian hospital chain at Rs 30 billion ($362.7 million), the Economic Times reported on...
Minda Corp, Pricol surge up to 6% amid stake sale buzz
Shares of Minda Corporation (Rs 226.15) and Pricol (Rs 219) surged up to 6 per cent on the BSE in Friday’s intra-day trade amid reports that Minda Corporation plans to buy around 15.7 per cent stake in Pricol for Rs 400...
Liberty Global buys 4.3% stake in Vodafone betting on share revival
Vodafone Group Plc shares gained as much as 2.4% after Liberty Global Plc said it had acquired a 4.9% stake in the rival British telecom group, in a surprise bet on Vodafone’s plans to revamp its business. Liberty...
