Pro Fin Capital Services Ltd said it has received a Letter of Intent (LoI) from Hong Kong-based Excellence Creative Ltd to acquire up to 25 per cent stake in the latter for Rs 22 crore. The LoI, received on November 13...
Akzo Nobel in talks to merge with Axalta Coating: Report
Dulux paint maker Akzo Nobel NV is in talks to merge with paintmaker Axalta Coating Systems, Bloomberg News reported on Monday, citing sources familiar with the matter. Shares of Axalta were up 14% in after-market...
Stake sale or merger: Grant Thornton is said to study options for $2 billion India unit
Grant Thornton International Ltd. is considering options for its Indian unit, including a possible minority stake sale or a merger with its operations in the US or Europe, according to a senior executive in India. “We...
Prosus’ arm seeks CCI nod for raising stake in Rapido
An arm of Dutch investment firm Prosus has sought the approval of the Competition Commission of India (CCI) to acquire an additional stake in ride-hailing and delivery services startup Rapido. In a filing with the...
Amber Enterprises to acquire majority stake in PCB maker Shogini Technoarts
Electronics manufacturer Amber Enterprises has entered into a definitive agreement with Pune-based Shogini Technoarts to purchase a majority stake in the company. The agreement is with Amber’s subsidiary IL JIN...
Warburg, Permira in talks to buy Clearwater Analytics, source says
Global private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday. Boise, Idaho-based...
IHCL acquires majority stake in wellness retreat brand Atmantan
Tata Group-backed Indian Hotels Company Limited (IHCL) has signed definitive agreements to acquire 51% stake in Sparsh Infratech Private Limited, the owning company of the luxury wellness retreat brand Atmantan, located...
Godrej Consumer acquires Muuchstac in Rs 450-crore deal; promoters to continue to run business
FMCG major Godrej Consumer Products Ltd (GCPL) has completed the acquisition of Muuchstac in a Rs 450-crore deal and its promoters would continue to be in the driving seat, running the business. GCPL Managing Director...
NIIF sells nearly 3% stake in Ather Energy for Rs 541 crore
The National Investment And Infrastructure Fund (NIIF) on Thursday divested nearly a 3 per cent stake in electric two-wheeler maker Ather Energy for Rs 541 crore through open market transactions. NIIF through its...
DWS Group to buy 40% in Nippon Life India AIF biz
German asset manager DWS Group will pick up a 40% stake in Nippon Life India Asset Management’s alternatives business, a release said. The stake sale in Nippon Life India AIF Management is aimed at scaling up the...
Coinbase seeks CCI nod for purchasing minority stake in DCX Global
US cryptocurrency platform Coinbase has sought the Competition Commission of India’s (CCI’s) clearance for acquiring a minority stake in DCX Global. In a filing with the antitrust regulator, Coinbase said...
Biocon considers merging Biocon Biologics in $4.5 billion deal; IPO and share swap options under review
Biocon Ltd is exploring the merger of its biosimilars arm Biocon Biologics Ltd with itself, people aware of the development told ET. The potential deal is said to value the arm at around $4.5 billion, they said. The...
