Chennai-based Murugappa Group has signed a deal to acquire German specialty chemicals firm Hubergroup for an enterprise value of $310 million, a move that will help it expand in the global print and packaging sector...
Merger concludes! Viacom18-Star India valued at Rs 70,000 cr
India’s largest merger and acquisition deal in the media and entertainment (M&E) sector has concluded, with the merger of Viacom18’s TV and digital businesses into Star India securing all necessary...
Blackstone eyes 20% stake in Haldiram’s snacks at $8 billion valuation, sources say
Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking...
Samara Capital-backed Agro Tech Foods to acquire Del Monte Foods from Bharti Enterprises
Private equity firm Samara Capital and Convergent Finance backed Agro Tech Foods Limited (ATFL), on Thursday announced it is set to acquire Del Monte Foods Private Limited (DMFPL), a joint venture between the Bharti...
India Glycols partners Amrut Distilleries, plans to demerge spirits biz
India Glycols Ltd, which on Wednesday announced a partnership with Bengaluru-based Amrut Distilleries, is mulling a demerger of its spirits business and subsequently listing on the exchanges, company officials said. The...
Tata Communications divests 100% stake in ATM biz for Rs 330 cr
Tata Communications is set to divest its entire 100% stake to Transaction Solutions International (India) (TSI), a company majority-owned by Australia’s digital payments and financial services provider, Findi. The deal...
Unicommerce to acquire shipping automation firm Shipway
Ecommerce software firm Unicommerce Esolutions said on Monday that it will acquire Gurugram-based shipping automation company Shipway. The deal will be completed in tranches, Unicommerce said. In the first leg, it will...
LIC pares 2.02% stake in Tata Power for Rs 2,888 crore
Life Insurance Corporation (LIC) on Tuesday said it has sold more than 2.02 per cent stake in Tata Power Company for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent. In a regulatory filing...
Bain Capital goes for gold: in talks with Manappuram to buy controlling stake
Bain Capital is in talks to acquire a controlling stake in Manappuram Finance, betting on the country’s gold loan sector, said people with knowledge of the matter. This comes as the founding family of the Kerala-based...
HDFC Bank to divest HDFC House, other realty assets
In a major strategic move, HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development...
Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement
Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to...
Bhutani Group acquires Logix City Center in Noida
Noida’s Bhutani Group has acquired Logix City Center, an 1.2 million sq ft of retail, office and hospitality asset for close to Rs 1,000 crore, two people aware of the development said. The company had earlier acquired...
