Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC...
Nestle confirms discussions to acquire vitamin maker Bountiful
Nestle is in discussions to buy nutritional supplement maker The Bountiful Company, the Swiss food giant said on Monday, confirming earlier reports it was close to a deal in the mid-single-digit billions...
Centre’s disinvestment plan: A stress test for zombie steel plants
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said...
Tessolve raises $40 mn from Singapore’s Novo Tellus at $100 mn valuation
Tessolve, a Hero Electronix venture, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100-million valuation. Tessolve is a global provider of...
Merger of TV18 Broadcast, Hathway, Den Networks into Network18 called off
A year after announcing the merger of Den Networks, TV18 Broadcast, and Hathway Cable & Datacom into Network18 Media, Mukesh Ambani-led Reliance Industries (RIL) called off the transaction. Den Networks, a cable...
Pristyn Care’s valuation crosses $550 mn, raises $53 mn in funding round
Pristyn Care, a healthcare startup specialising in surgeries, has got $53 million in a funding round led by US investment fund Tiger Global Management. The deal raised the company’s valuation rose to more than $550...
Toshiba decides against $20 bn CVC proposal, says open to ‘credible’ offers
Toshiba Corp has decided against evaluating a $20 billion buyout offer from CVC Capital Partners, saying it lacked detail while adding it was open to “credible” offers. The Japanese conglomerate said a new...
Reliance Communication headed for liquidation after NCLAT judgment
Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt, will now undergo liquidation unless the Supreme Court overturns the National Company Law Appellate Tribunal (NCLAT) order. The order states...
Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha to improve bid
Jaypee Infratech’s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this month...
Indian-origin billionaire brothers buy popular UK fast food chain Leon
Indian-origin billionaire brothers Mohsin and Zuber Issa have acquired a popular British fast food chain, Leon, as part of what they described as their goal to grow their food service operations in Britain. The Issa...
Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel
Moving towards the completion of its Oman unit divestment, Naveen Jindal-led Jindal Steel & Power (JSPL) arm Jindal Steel & Power (Mauritius) Limited has sold its balance stake to Vulcan Steel in the second and...
Softbank Group to invest $450 million in Swiggy at $5.5 billion value
SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450...
