Gautam Adani-led Adani Group has received approval from the Committee of Creditors of Jaiprakash Associates after lenders voted in favour of its resolution offer for the bankrupt infrastructure and industrial group. The...
Kotak, Federal Bank in talks to acquire Deutsche Bank’s India retail & wealth portfolios
Kotak Mahindra Bank and Federal Bank are in the race to purchase the retail and wealth management businesses of Deutsche Bank in India, multiple people familiar with the matter told ET. This is the second attempt in...
Bajaj Auto completes majority acquisition of KTM after regulatory nod
Bajaj Auto Ltd has completed its acquisition of a majority stake in Austrian motorcycle maker KTM AG, after receiving the final approval from European regulators for its €800-million deal. The company confirmed the...
Dhan parent Raise Financial acquires algo trading platform Stratzy in cash-and-stock deal
Raise Financial, the parent of online stock trading platform Dhan, has fully acquired Stratzy, an algo-based investing and trading startup, in a cash-and-stock deal valued at $4-4.5 million, said people familiar with...
Adobe to buy software provider Semrush in $1.9 billion deal
Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen its marketing tools and attract brands with generative artificial intelligence...
Early Paytm backer Elevation Capital part sells stake in fintech worth Rs 1,556 crore
Venture Capital firm Elevation Capital, which was among the earliest backers of Paytm, sold a nearly 2% stake in the fintech platform’s parent One 97 Communications for Rs 1,556 crore, according to bulk deal data on the...
Adani Enterprises arm completes 13% stake sale worth Rs 4,646 cr in AWL to Wilmar subsidiary
Adani Enterprises announced the completion of its stake sale in AWL Agri Business on Wednesday, where the company’s subsidiary Adani Commodities LLP (ACL), sold a 13% stake in AWL to Lence, a wholly owned...
Akzo Nobel buys Axalta to build $25 bn paint company
Akzo Nobel NV agreed to acquire smaller rival paint maker Axalta Coating Systems Ltd. in a deal that will create a US-listed leader with combined annual sales of almost $17 billion. Under the agreement, which confirmed...
Nuvoco Vistas to buy Vadraj Energy for Rs 200 crore to secure captive power
Nuvoco Vistas Corp, an eastern India cement producer that had bought LaFarge’s operating assets nine years ago, is buying Vadraj Energy (Gujarat) for Rs 200 crores from JSW Cement and Alpha Alternatives Holdings, the...
NCLT clears Sequent Scientific–Viyash Life Sciences merger worth ₹8,000 crore
Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences received approval for their planned merger from the National Company Law Tribunal (NCLT) on Tuesday, according to sources in the know. Sequent...
CCI clears two corporate deals in cement and offshore drilling
The Competition Commission of India on Tuesday cleared two separate transactions involving companies in the cement and offshore drilling sectors. The approvals cover a planned investment and share purchase arrangement...
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strain
Japan’s Kirin Holdings, the largest investor in Bira 91 craft beer maker B9 Beverages, is in talks with the crisis-ridden brewer’s founder Ankur Jain to exit its investment, multiple people aware of the negotiations...
