KKR, a global investment firm, said on Monday it would invest $95 million in Lenskart, an online eyewear seller, through a secondary stake acquisition. TPG Growth and TR Capital, which first invested in Lenskart in late...
Zensar Technologies signs agreement to acquire US-based M3bi
Zensar, an RPG company, has entered into a definitive agreement to acquire M3bi, a Scottsdale, Arizona-based data engineering and digital engineering firm. This acquisition will be completely funded by internal accruals...
Warburg Pincus ends JV with Lemon Tree Hotels for student housing
Warburg Pincus has ended a two-year-old joint venture (JV) with Lemon Tree Hotels for student housing and co-living spaces, said sources in the know. “Apparently, Warburg was not happy with the way the JV had progressed...
Ruchi Soya announces acquisition of Patanjali’s biscuits biz for Rs 60 cr
Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore. The company, in a regulatory filing, said its Board of...
HDFC to sell 0.62% stake in HDFC ERGO for Rs 236 cr
The housing finance major has entered into a share purchase agreement for sale of 44,12,000 equity shares, representing 0.62% of the issued and paid-up share capital of HDFC ERGO. The stake sale is being done in...
CCI approves acquisition of 100% shareholding of Ingram Micro by Imola
The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding and sole control of Ingram Micro Inc by Imola Acquisition Corporation. The proposed combination relates...
Govt gives bidders data access for $7-billion Bharat Petroleum Sale
India has allowed bidders access to the financial data of Bharat Petroleum Corp. as the government moves ahead with plans to sell its entire stake in the country’s second-biggest state refiner, according to people...
Verizon selling Yahoo, AOL unit to Apollo in $5-billion deal
AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said...
Saudis in Talks to Sell Aramco Stake to Global Energy Firm
Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic. The...
Air India, BPCL sale may be delayed but will get completed by FY22
The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave. However, the government is confident of wrapping up the...
Urban Company raises $190 mn at $2-bn valuation, joins unicorn club
Urban Company, India and UAE’s largest tech-enabled home services marketplace, has raised $190 million from investors led by Prosus (formerly Naspers). The funding has more than doubled the Gurugram-based company’s...
State Bank of India board to consider raising $2 billion through bonds
The country’s largest lender State Bank of India (SBI) on Tuesday said a committee of its central board will consider raising up to USD 2 billion (around Rs 14,942 crore) through bonds in this fiscal year. The...
