Canadian billionaire Prem Watsa’s Fairfax Group and Bain Capital are vying for a buyout of Vadodara-based active pharmaceuticals ingredient (API) maker Farmson Basic Drugs in a deal valuing the company at ₹4,000...
Zee and Sony India units settle dispute over failed merger
Zee Entertainment Enterprises and Sony Group Corporation’s India units Culver Max Entertainment and Bangla Entertainment have reached a comprehensive non-cash settlement and resolved all disputes related to the...
Motilal Oswal PE buys 25% stake in Lal Sweets
Mo Alternate Investment Advisors (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, is investing Rs 330 crore to acquire a 25% stake in Lal Sweets, a Bengaluru-based maker of packaged sweets...
SaaS unicorn Browserstack acquires Berlin-based startup Bird Eats Bug
Accel-backed mobile and web software testing platform Browserstack has acquired Berlin-based bug reporting startup Bird Eats Bug in a $20 million deal. Valued at $4 billion when it last raised capital in 2021...
Medi Assist acquires Fairfax-backed Paramount TPA for Rs 312 crore
Medi Assist, India’s largest third-party administrator (TPA) on Monday said its wholly-owned subsidiary Medi Assist TPA has signed definitive agreement to acquire FairFax Asia-backed Paramount TPA for Rs 311.8...
Blackstone, GIC among 10 bidders in fray for LOGOS India’s three assets
Global institutional investors including private equity major Blackstone Group, Singapore’s sovereign wealth fund GIC and Japanese shipping major Mitsui OSK Lines have bid to acquire LOGOS India’s select...
Vistara-Air India Merger: Final FDI approval expected soon, merger likely after Diwali
The much-anticipated merger of Vistara into Air India is set to move forward with the final approval for foreign direct investment (FDI) from Singapore Airlines (SIA) expected as soon as Saturday. This approval will...
Zydus Lifesciences acquires 50% stake in Sterling Biotech
Zydus Lifesciences said it has entered into an agreement with Temasek-backed Perfect Day to acquire a 50 percent stake in Sterling Biotech. Post the transaction, Sterling Biotech will become a 50:50 joint venture (JV)...
No plan to sell stake now: Punjab Kings’ Burman
Indian Premier League (IPL) team Punjab Kings majority owner Mohit Burman, embroiled in an ownership conflict with co-owner Preity Zinta, said he would meet all requirements whenever he decides to partly sell his stake...
Reliance Capital lenders move NCLAT over IIHL’s payment delay
The secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal seeking to modify the tribunal’s order to include interest on the delayed payment by Hinduja Group-owned IndusInd...
Adani entity sells 2.76% in Ambuja Cement for Rs 4,251 crore
Billionaire Gautam Adani’s entity sold around 2.76% stake in Ambuja Cements on Friday through an open market transaction, raising Rs 4,251 crore. According to NSE bulk deal data, Holderind Investments, an Adani...
Bikaji acquires 55% stake in Ujjain-based Ariba Foods
Indian snacks manufacturer Bikaji Foods International announced on Friday that it has acquired a 55% stake in Ujjain-based snacks and frozen foods company, Ariba Foods Private Limited for Rs 60.49 crore. Deepak Agarwal...
