JSW Steel is looking at options to sell a 50% stake in Bhushan Power and Steel, the distressed asset that it acquired in 2019. Japanese steelmaker JFE Steel Corp has emerged as the frontrunner for acquiring this stake...
Wilmar International gets CCI nod to acquire 20 pc stake in AWL Agri Business
Fair trade regulator CCI on Tuesday cleared Wilmar International’s proposal to acquire up to 20 per cent stake in AWL Agri Business Ltd from Adani Group. The move came after Adani Group in July this year announced...
Think Investments acquires 5% of anchor book in PhysicsWallah IPO
Global investment firm Think Investments has increased its stake in edtech unicorn PhysicsWallah, acquiring around 5% of the anchor portion as the company launched its Rs 3,480 crore initial public offering (IPO) on...
Tata Power to acquire 40% stake for Rs 1,572 cr in SPV for Dorjilung hydro project in Bhutan
Tata Power Limited on Tuesday announced that the company has proposed an investment of Rs 1,572 crore for acquiring a 40% stake in a special purpose vehicle (SPV) that will set up 1,125 MW Dorjilung hydro power project...
CarTrade confirms acquisition talks with CarDekho parent
Mumbai-based listed auto marketplace CarTrade Tech is in discussions with Girnar Software, the parent company of rival CarDekho, to acquire its automotive classifieds businesses. In an exchange filing released on...
SoftBank sells entire Nvidia stake for $5.8 billion in surprise move
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence...
Indian Hotels, ITC, EIH, others in race for Pune’s Crowne Plaza
Indian Hotels, ITC Hotels and EIH Ltd are among hospitality companies to have shown interest in acquiring Crowne Plaza, a Pune-based five-star hotel owned by Advantage Raheja group, said people aware of the development...
US-based investment firm Blackstone to acquire majority in Ritz-Carlton Bengaluru from Nitesh Land
US-based investment firm Blackstone is acquiring up to 55% stake in the entity that owns the Ritz-Carlton Bengaluru from Nitesh Land. According to people familiar with the development, if Blackstone picks up 51-55%...
US private equity firm General Atlantic set to acquire 7% of Balaji Wafers for ₹2,500 crore
US private equity firm General Atlantic is in the final stages of buying a 7% stake in Balaji Wafers for ₹2,500 crore (approximately $282 million), valuing the Gujarat-based packaged ethnic snack maker at about ₹35,000...
Advent International frontrunner to buy Whirlpool’s India arm in likely $1bn deal
Advent International is closing in to swoop up a controlling stake in the listed home appliances maker Whirlpool of India, said multiple people in the know, in the latest sign of a dealmaking frenzy for local businesses...
Adani Enterprises likely to pip Vedanta to emerge highest bidder for Jaiprakash Associates
Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than...
NCLT approves merger scheme of Suzuki Motor Gujarat with Maruti Suzuki India
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation, in which Suzuki Motor Gujarat is being merged with its parent entity, Maruti Suzuki India, the country’s largest carmaker. A two...
