HCLTech, India’s third-largest IT services firm, on Thursday announced that it has signed an agreement to purchase the telco solutions business of US-headquartered Hewlett Packard Enterprise (HPE) for up to $160 million...
Reliance Consumer acquires majority stake in Udhaiyams Agro Foods
Reliance Consumer Products (RCPL), the FMCG arm of Reliance Industries, has acquired a majority stake in Chennai-based Udhaiyams Agro Foods, maker of staples, pulses, snacks and breakfast mixes, for an undisclosed...
Haldiram’s enters strategic partnership with L Catterton
Global consumer-focused investment firm L Catterton on Thursday announced a strategic partnership and investment in India’s largest ethnic snacks company Haldiram’s. The consumer-focused investment firm backed by...
Mizuho Financial Group acquires Avendus from KKR
Mizuho Financial Group is buying a controlling stake in home grown investment bank Avendus, giving KKR an exit from its nine-year old investment, as Japanese mega banks continue to pick India to deploy significant...
Coursera to buy Udemy, creating $2.5 billion firm to target AI training: Report
Online education platform Coursera said on Wednesday it would buy rival Udemy in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and...
Shriram Finance board to weigh stake sale to MUFG
Shriram Finance’s board would meet Friday to likely consider an equity stake sale in the vehicle financier to Japanese banking giant, the Mitsubishi UFJ Financial Group (MUFG). Shriram said in a customary filing...
Japanese giant Mizuho to acquire majority stake in India’s Avendus from KKR
Avendus, an Indian institutional financial services firm, said on Wednesday that Redpoint Investments, an affiliate of KKR, will sell its stake in the company to Mizuho Securities Co. Ltd, a unit of Mizuho Financial...
Shriram Finance board meet on Friday likely to finalise MUFG deal
Vehicle financier Shriram Finance’s board of directors will meet on Friday, most likely to consider an equity stake sale to Japanese banking giant Mitsubishi UFG Financial Group (MUFG). In a late-night stock exchange...
CCI clears Coinbase’s minority stake purchase in DCX Global
Fair trade regulator CCI on Tuesday approved US-based cryptocurrency platform Coinbase’s proposal to acquire a minority stake in DCX Global Ltd. The development came after Coinbase Global in October announced that...
CCI clears ITC’s Rs 3,498-crore acquisition of Aditya Birla Real Estate’s paper and pulp business
The Competition Commission of India (CCI) greenlit on Tuesday ITC Limited’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Limited (ABREL), clearing a key regulatory hurdle for the...
Dharma Productions buys out Cornerstone stake in talent venture, rebrands agency as DCAA
Dharma Productions has acquired Cornerstone’s stake in its talent management arm, Dharma Cornerstone Agency. The film production and distribution company is jointly owned by Karan Johar and Adar Poonawalla. The Economic...
Tata AIA Life, Temasek buys 1.4 pc stake in SBFC Finance for Rs 161 cr
Tata AIA Life Insurance Company and Aranda Investments, an affiliate of Temasek Holdings, on Tuesday bought a total of 1.53 crore shares, representing 1.4 per cent stake, of SBFC Finance for Rs 161 crore from...
