LVMH agreed to sell the Marc Jacobs fashion label to a venture between WHP Global and G-III Apparel Group, marking a rare divestment for the world’s largest luxury group as it adjusts to softer demand. Financial...
Economic Times
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT...
Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bid
Adani Group-backed Ambuja Cements has submitted a Rs 580-crore offer to acquire bankrupt Jaypee Cement Corporation. The only other bidder, My Home Group, exited the process after submitting Rs 300-crore bid, reports...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 crore
British insurer Prudential has agreed to acquire a 75% stake in Bharti Life Insurance for ₹3,500 crore to take management control of an Indian life insurance company for the first time. Bharti Enterprises will pare its...
ATS Nobility Estates exits insolvency
The National Company Law Tribunal has allowed the withdrawal of corporate insolvency resolution proceedings against ATS Group’s Nobility Estates Private Limited, the developer of the premium residential project Le...
Aditya Birla group, KKR left in race for Sprng Energy
The Aditya Birla Group and private equity firm KKR are in a two-horse race to acquire Sprng Energy from oil giant Shell after binding financial bids were submitted by four contenders interested in acquiring the...
Dhan parent enters insurance broking with GreenLife Insurance acquisition
Raise Financial, parent of online stock broking platform Dhan, has acquired GreenLife Insurance, its third buyout in just over a year, marking its entry into insurance broking as wealthtech firms with deep pockets and...
Zydus to buy Assertio for $166.4 million
Zydus has entered into an agreement to acquire US-based pharma company Assertio Holdings for $166.40 million, the Ahmedabad-based drug maker said in a statement. Assertio is focused on specialty and oncology supportive...
Anant Raj to evaluate demerger of data center business, appoints Anish Sarin as director
Anant Raj Ltd has constituted a committee to evaluate potential demerger for the data center business and has appointed Anish Sarin, Grandson of Ashok Sarin as Director. The company reported significant growth in...
Siemens eyes exit from cancer care chain American Oncology Institute
Global medical technology major Siemens Healthineers plans to exit the Hyderabad-based cancer care chain American Oncology Institute (AOI), multiple sources aware of the development told ET. The deal is expected to...
TVS, other investors keen to buy into Jana Small Finance Bank
A clutch of new investors, including Venu Srinivasan-led TVS Venu Group, would buy into Jana Small Finance Bank, while the lender’s long-time partner TPG Capital is likely to partially reduce its stake, people...
Government gives final nod to Emirates NBD’s $3 billion majority stake in RBL Bank
Dubai-based Emirates NBD has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in RBL Bank Limited, paving the way for the...
