Private equity major Warburg Pincus has sought fair trade regulator CCI’s approval to acquire 10 per cent stake in private sector lender IDFC First Bank. US-based Warburg Pincus through its arm Currant Sea...
Jubilant Beverages get CCI nod to acquire 40 pc stake in Hindustan Coca-Cola Holdings
Fair trade regulator CCI on Thursday cleared Jubilant Beverages’ proposal to acquire a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH). “The proposed combination relates to inter alia, JBL...
Bajaj Group seeks CCI’s nod to acquire Allianz’s 26% stake in insurance JVs
Bajaj Group has sought the Competition Commission of India’s (CCI) approval to acquire a 26 per cent stake each in its insurance joint ventures Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from...
Vedanta expects demerger to complete by Sept-end: CFO Ajay Goel
Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to...
Aster DM Healthcare completes acquisition of 5% stake in Quality Care India through share swap
Leading healthcare service providers Aster DM Healthcare has completed acquisition of 5% stake in Quality Care India Ltd (QCIL) from BCP Asia II TopCo IV Pte Ltd (BCP) and Centella Mauritius Holdings Limited (Centella)...
Shell’s plan to sell Sprng Energy stalls amid lukewarm investor interest
Anglo-Dutch oil firm Shell Plc’s plan to sell its Indian renewable energy platform Sprng Energy has hit a roadblock due to tepid responses, said multiple people aware of the matter. Shell’s discussions with...
Advent, Bain, TPG, others drawn to Whirlpool India
Advent International, Bain Capital, TPG, EQT, Carlyle and KKR are among private equity funds that have been sounded out on buying into Whirlpool’s India business as the US parent looks to pare its stake in the listed...
Bajaj Group seeks CCI approval for Rs 24,180-cr Allianz stake buy
Bajaj Group entities have sought the Competition Commission of India’s approval for plans to buy out Allianz SE’s 26% stake in life and general insurance ventures for ₹24,180 crore, the largest deal in the...
Proposed Rs 555 cr acquisition of SML Isuzu strong strategic fit for company: M&M
Mahindra & Mahindra on Monday said the proposed Rs 555 crore acquisition of SML Isuzu is a strong strategic fit for the company that would put it in a strong position. The company also said that with this buyout, it...
Perfios acquires healthcare information exchange platform IHX
Perfios, a provider of software services to banks and financial services companies, has acquired IHX, a healthcare information exchange platform, marking its third acquisition in two months. The financial terms of the...
After Sunil Mittal, Mukesh Ambani’s Reliance aims for Haier India stake
Mukesh Ambani-led Reliance Industries Ltd (RIL) has emerged as a key contender for a significant stake in the Indian operations of Chinese consumer electronics and appliance manufacturer Haier, which is seeking to...
Nokia sells stake in Vi, raises Rs 785.67 crore
Nokia Solutions and Networks India Pvt Ltd has sold off its 0.95% stake in Vodafone Idea (Vi) via a bulk deal to marquee global investment banks, including Goldman Sachs, amongst others, raising Rs 785.67 crore. As per...
