Deal activity in India during the first half of 2021 amounted to USD 40.7 billion across 710 deals, including both private equity (PE) and strategic acquisitions (M & A), according to a report by consulting major...
SEZ stake sale: GMR receives Rs 1,692 cr from Aurobindo Realty
GMR Infrastructure Limited on Friday said it received Rs 1,692 crore as first tranche of consideration towards the sale of equity owned by its subsidiary GMR SEZ and Port Holdings Limited of its entire 51 per cent stake...
India Inc’s deal activity sees 3% jump to $13.2 billion in July
India Inc witnessed a 3 per cent rise in deal activity to USD 13.2 billion across 181 transactions in July, a report said on Tuesday. Going by the number of deals, the volumes showed a 66 per cent increase to 181...
Deal activity in H1 2021 at $40.7 bn, down 14% over year-ago period
The first half of the Calendar Year 2021 (H1CY2021) recorded deal activity worth around $40.7 billion over 710 transactions, which included both private equity and strategic acquisitions. However, the deal value was...
Thriwe earmarks $30 mn for acquisitions, to buy Alliances Galore
B2B consumer benefits marketplace Thriwe on Wednesday said it has earmarked USD 30 million (over Rs 220 crore) for buyouts and is looking at acquiring 3-4 strategic assets in the next 18 to 24 months to drive business...
Shrem Group aims to raise Rs 600 cr by diluting stake in InvIT next week
Shrem Group is targeting to raise Rs 600 crore by diluting a 15 per cent stake in its infrastructure investment trust (InvIT) next week, a top official said on Tuesday. The group, which had first attempted to raise the...
Kingfisher stake sale, fewer provisions to drive SBI’s Q1 profit: Analysts
The country’s largest state-owned bank, State Bank of India (SBI), could report a healthy set of numbers for April-June quarter of FY22 (Q1FY22) on Wednesday, August 4, supported by recovery from United Breweries...
Shriram Transport Finance, Shriram City merger plan still on cards: STFC MD
Shriram Transport Finance Corporation (STFC) said on Monday that the company is re-looking at the merger plans with Shriram City Union Finance adding that it may not necessarily be a three-way merger as planned...
Tata Sons’ arm Panatone Finvest acquires 8% stake in Tejas Networks
Tata Sons arm Panatone Finvest on Monday picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction. According to the block deal data...
Airtel Africa to sell 7.5% stake in mobile money unit to QIA for $200 million
Airtel Africa has inked a deal to sell roughly a 7.5% stake in its mobile money unit to Qatar Holding LLC, an affiliate of Qatar Investment Authority (QIA), for around $200 million. This is the latest in a spate of...
Allcargo picks up 65% stake in Swedish logistics major Nordicon for $29 mn
Allcargo Logistics, the country’s largest integrated logistics player in the private sector, on Friday announced its second large overseas acquisition snapping up a 65 per cent ownership in a USD 44 million joint...
Tata Teleservices, Zoom partner for unified communication solutions
Telecom operator Tata Teleservices and web-based video conferencing company Zoom on Thursday announced a partnership for unified communications solution for enterprises and individuals. The partnership will take the...
