The Competition Commission of India (CCI) put AGI Greenpac’s acquisition proposal of Kolkata-based Hindusthan National Glass & Industries Ltd (HNG) on hold, just days after the committee of creditors (CoC)...
Bain Capital likely to sell stake in Axis Bank through a block deal
Private investment firm Bain Capital is likely to sell a portion of its stake in Axis Bank on Tuesday through a block deal, according to media reports. Media reports suggested and were conformed by some industry sources...
Timeline for Adani’s DB Power acquisition extended till November 30
Adani Power said that the timeline for completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power Ltd has been extended by one month till November 30, 2022. “The parties (Adani Power and DB...
Software delivery firm Devtron raises $12 mn funding from Insight Partners
Devtron, a software delivery platform, has raised $12 million in new funding led by global investor Insight Partners. The funding round follows previous financing from Leo Capital and angel investors. Devtron will use...
Solar glass manufacturer Borosil Renewables acquires Interfloat Group
India’s first solar glass manufacturer Borosil Renewables Ltd has acquired 86 per cent stake in Europe’s largest solar glass manufacturer Interfloat Group for an undisclosed sum of money. “With...
Nomura Singapore sells 1.52% stake in CSB Bank worth Rs 61 crore
Nomura Singapore divested 1.52 per cent stake in private sector lender CSB Bank for over Rs 61 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange...
Wipro Consumer Care-Ventures invests in Indonesia based start-up, YOUVIT
Wipro Consumer Care – Ventures, the venture funding arm of Wipro Consumer Care & Lighting has announced its investment in YOUVIT, an Indonesia-based start-up offering nutraceutical and wellness products in...
Metro Brands acquires 100% shareholding of Cravatex Brands
Footwear retail chain Metro Brands has signed a share purchase agreement to acquire 100 per cent shareholding of Cravatex Brands to expand its presence in the sports and athleisure space in India, a regulatory filing...
Sojitz Corp sells 2.83% stake in Samvardhana Motherson for Rs 825 crore
Sojitz Corporation on Tuesday divested 2.83 per cent stake in auto component major Samvardhana Motherson International for Rs 825 crore through an open market transaction. According to the bulk deal data available with...
Dealmaking activity severely hit in Sept qtr; down 66% by value: Report
Corporate deals, including mergers and acquisitions and venture funding, were down 66 per cent by value to USD 10.22 billion in the September quarter, a report said on Tuesday. By volumes, the deals were down by 25 per...
Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr
Invesco Developing Markets Fund, which has a 10.14 per cent stake in Zee Entertainment, will sell half of its stake in the company in a block deal on Tuesday, sources told Business Standard. Invesco holds the...
Goldman Sachs plans major rejig, to merge trading and banking units
Goldman Sachs is planning a major reorganization as part of which its storied investment banking and trading businesses will be combined, while consumer banking will be absorbed by its wealth unit, the Wall Street...
