Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore through an open market transaction...
Adani to acquire 29.18% in NDTV; makes Rs 493-cr open offer for another 26%
The media arm of the Adani group on Tuesday said it had exercised rights to acquire an indirect stake of 29.18 per cent in New Delhi Television (NDTV) through the conversion of loans into an equity stake in the promoter...
SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh
SpiceJet is exploring multiple options, including a stake sale to other airlines, to raise up to Rs 2,000 crore so that it remains a “strong and vibrant” carrier, its chairman and managing director, Ajay Singh, said on...
Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim’s two Indian listed entities Ambuja Cements and ACC, from public...
RIL may be lone bidder for JBF Petrochem, which defaulted on Rs 5K-cr loan
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the...
RBL Bank offloads over 12% stake in Kilburn Engg since May for Rs 17 cr
RBL Bank said it has offloaded over 12 per cent stake in Kilburn Engineering since May for a total consideration of over Rs 17 crore. The private sector lender had acquired 67,50,000 equity shares of Kilburn Engineering...
IBBI likely to issue more regulations by August-end to streamline CIRP
The Insolvency & Bankruptcy Board of India (IBBI) said it will issue some more regulations after getting elaborate feedback from the public in the form of discussion papers floated recently. The new set of...
IndoStar Capital considers selling stake in housing finance unit
IndoStar Capital Finance is considering selling part of its stake in a home loan subsidiary for raising resources to address concerns over the private equity-backed company’s ability to continue as a going concern. The...
GIC, Capital Group buy KKR’s entire stake in Max Health; stock surges 10%
Singapore state fund GIC, US-based financial services firm Capital Group, and a few other institutions on Tuesday picked up KKR’s 26.8 per cent stake in hospital chain Max Healthcare Institute via block deals...
‘Would never acquire a loss-making business’: Ola CEO on merger with Uber
Amid reports of cab aggregator rivals Ola and Uber being in talks for a possible merger, Ola’s co-founder and CEO Bhavish Aggarwal said that there has been no such conversation and Ola’s ride-hailing business is very...
KKR to sell entire 26% Max Healthcare stake for Rs 9,416 crore today
American private equity major KKR and Co will sell up to 26.83 per cent in Max Healthcare Institute for Rs 9,416 crore via block deals on Tuesday. The offer, managed by Jeffries India and Kotak Securities, India, will...
Mike Novogratz’s Galaxy Digital terminates $1.2-bn acquisition of BitGo
Financial services and investment management firm Galaxy Digital on Monday announced it has terminated the $1.2 billion acquisition of digital asset trust company BitGo as it failed to provide audited financial...
