Fifth Third Bancorp said on Monday that it will buy Comerica Inc. for $10.9 billion in stock. It will be the biggest U.S. bank merger in years as banks are trying to grow bigger and stronger. The deal shows that...
SBI Life Insurance, Aditya Birla MF, others buy 6% stake in AB Lifestyle Brands for Rs 998 cr
SBI Life Insurance, Aditya Birla MF, Morgan Stanley, Goldman Sachs, and other entities have cumulatively acquired over 7.31 crore shares, representing a 6 per cent stake, in Aditya Birla Lifestyle Brands from Flipkart...
Former ArcelorMittal deal whiz Sudhir Maheshwari buys Gujarat met coke unit
A dealmaker who helped Lakshmi Mittal list his company in 1997 and raise multi-billion-dollar financing to acquire Arcelor in 2006 is now looking to make a bet on the Indian steel industry. Sudhir Maheshwari-led Synergy...
OpenAI acquires AI-led finance app Roi in personalisation push
OpenAI has acquired an artificial intelligence (AI)-powered finance app, Roi, the Verge reported on Friday. The terms of the deal were not disclosed. TechCrunch reported the recent acquisition, announced by chief...
Indian fintech Pulse to acquire UK’s Nucleus for Rs 500 crore
Mumbai-based data and Saas company Pulse has acquired UK-based Nucleus Commercial Finance, a digital originator and servicer of SME loans, at an estimated valuation of Rs 450-500 crore, said people familiar with the...
Omkara buys World Wind India debt for Rs 1,225 cr
Omkara Asset Reconstruction Co has acquired the debt of Wind World India from the National Asset Reconstruction Co (NARCL) for Rs 1,250 crore. NARCL had originally purchased the debt of Rs 3,763 crore about 18 months...
Biotique looks to offload 10% stake via IPO next year
Beauty and personal care products maker Biotique plans to dilute 10% equity as part of its public listing planned for next year, for which it intends to raise $300 million, the company’s founder Vinita Jain said...
Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal
Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares...
Abu Dhabi’s IHC to pick 43% stake in Sammaan Capital for USD 1 billion
Abu Dhabi-based investor Avenir Investment RSC, an affiliate of International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for USD 1 billion, the non-bank lender said on Thursday. The...
Yahoo nears deal to sell AOL to Italy’s Bending Spoons for $1.4 billion
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about $1.4 billion, four sources familiar with the matter said, as the Apollo Global Management-backed firm sheds one of the most...
Ashoka Buildcon acquires majority stake in JTCL for Rs 166 crore
Ashoka Buildcon on Thursday said it has acquired a majority stake in Jaora Nayagaon Toll Road Company Private Limited (JTCL) for Rs 166 crore. Ashoka Buildcon, in a regulatory filing, said the acquisition is pursuant to...
Perplexity acquires Visual Electric to rival OpenAI’s Sora, Google’s Nano Banana
Perplexity AI has acquired artificial intelligence (AI) based image and video generation platform Visual Electric, the companies said in separate announcements on Wednesday. “We’ve acquired Visual Electric. The...
