Liberty Mutual Insurance on Monday increased its stake in Liberty General Insurance to 74%, strengthening its presence in India’s non-life market. The move follows Liberty Mutual’s earlier increase in...
Economic Times
TVS Venu, Shruti Lohia-promoted firms to buy minority stakes in Jana Small Finance Bank
A family enterprise of TVS Motor Company chairman emeritus Venu Srinivasan and another firm owned by the daughter of Indorama Corporation founder SP Lohia will acquire a 14.5% stake in Jana Small Finance Bank. The TVS...
NextEra Energy strikes $66.8 billion deal for Dominion in bets on AI power demand
NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world’s largest regulated electric utility by market value, as U.S. utilities race to meet surging...
PFC board clears next step for REC merger, seeks govt approval
Power Finance Corporation has moved a step closer to its proposed merger with REC Limited after its board approved seeking formal approval from the President of India for the transaction. In an exchange filing, PFC said...
LVMH to sell Marc Jacobs to WHP, G-III
LVMH agreed to sell the Marc Jacobs fashion label to a venture between WHP Global and G-III Apparel Group, marking a rare divestment for the world’s largest luxury group as it adjusts to softer demand. Financial...
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT...
Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bid
Adani Group-backed Ambuja Cements has submitted a Rs 580-crore offer to acquire bankrupt Jaypee Cement Corporation. The only other bidder, My Home Group, exited the process after submitting Rs 300-crore bid, reports...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 crore
British insurer Prudential has agreed to acquire a 75% stake in Bharti Life Insurance for ₹3,500 crore to take management control of an Indian life insurance company for the first time. Bharti Enterprises will pare its...
ATS Nobility Estates exits insolvency
The National Company Law Tribunal has allowed the withdrawal of corporate insolvency resolution proceedings against ATS Group’s Nobility Estates Private Limited, the developer of the premium residential project Le...
Aditya Birla group, KKR left in race for Sprng Energy
The Aditya Birla Group and private equity firm KKR are in a two-horse race to acquire Sprng Energy from oil giant Shell after binding financial bids were submitted by four contenders interested in acquiring the...
Dhan parent enters insurance broking with GreenLife Insurance acquisition
Raise Financial, parent of online stock broking platform Dhan, has acquired GreenLife Insurance, its third buyout in just over a year, marking its entry into insurance broking as wealthtech firms with deep pockets and...
Zydus to buy Assertio for $166.4 million
Zydus has entered into an agreement to acquire US-based pharma company Assertio Holdings for $166.40 million, the Ahmedabad-based drug maker said in a statement. Assertio is focused on specialty and oncology supportive...
