The European Commission has opened an in-depth investigation to assess the $40 billion acquisition of chip designer Arm by graphic chip giant Nvidia. The Nvidia deal to purchase the UK-based company Arm from SoftBank...
Policybazaar IPO: SoftBank to sell 20% of its stake worth Rs 1,875 crore
SoftBank will sell around 20 per cent of its total stake in Policybazaar’s initial public offering, the fintech company said today. The Japanese venture fund currently has a 13 per cent stake in the IPO-bound company...
CG Foods to acquire Gallina Blanca’s Russia and CIS businesses
CG Foods, maker of popular noodles Wai Wai, on Tuesday said it has signed a deal to acquire the Russia and CIS businesses of Spain-based GBfoods. The financial details of the transaction were not disclosed. A binding...
Three FIIs jointly acquire 2.64% stake in telecom equipment maker HFCL
Three foreign institutional investors — Vanguard, Quant Mutual Fund and Norges — have collectively acquired 2.64 per cent in telecom gear makers HFCL Ltd. While Vanguard bought 1.86 per cent through four...
DeHaat raises $115 million in Series D from Sofina, Lightrock and Temasek
Agritech startup DeHaat has raised $115 million in Series D funding, led by Belgium based investment firm Sofina and Lightrock India. Temasek co-invested in the round, with participation from existing investors Prosus...
CCI approves HDFC Bank’s acquisition of 4.99% stake in HDFC ERGO
Fairtrade regulator CCI on Monday approved HDFC Bank’s acquisition of 4.99 per cent shareholding in HDFC ERGO General Insurance Company. In June, HDFC Bank had said its board has given approval to buy more than 3...
Top ByteDance investor to weigh $500-million stake sale during crackdown
Susquehanna International Group, one of ByteDance Ltd.’s earliest and largest backers, is looking to sell about $500 million of its shares in the TikTok owner, seeking to diversify its portfolio during China’s tech...
MM Forgings acquires crankshaft supplier CAFOMA Autoparts for Rs 33 crore
Auto components maker MM Forgings Ltd (MMF) on Saturday said it has acquired CAFOMA Autoparts for a total consideration of Rs 33 crore. The deal to acquire CAFOMA, one of the large independent suppliers of machined...
Metropolis Healthcare board approves acquisition of Hitech Diagnostic
Diagnostic chain Metropolis Healthcare on Friday said its board has approved the acquisition of Hitech Diagnostic Centre and its subsidiary Centralab Healthcare Services for a cash consideration of Rs 636 crore. Earlier...
Tata Sons’ board takes stock of Air India acquisition
The board of directors of Tata Sons, the holding company of the Tata Group, on Tuesday discussed the acquisition of Air India and the fundraising plans for the Rs 18,000 crore acquisition. The company will be raising...
SPAC promoters shun Chinese deals amid mounting tensions
The globetrotting dealmakers starting blank-cheque firms are increasingly telling investors there’s one place they won’t go: China. At least four special purpose acquisition companies have revised their IPO filings in...
TPG to invest $1 billion in Tata Motors’ electric vehicle subsidiary
In a boost to its electric vehicle (EV) push, Tata Motors on Tuesday closed a deal to raise Rs 7,500 crore from TPG Rise Climate and Abu Dhabi’s ADQ. This is the first major fundraising by an Indian carmaker to push...
