Mitsubishi UFG Financial Group (MUFG) is in advanced talks to take a 20% stake in India’s second largest non-banking finance company (NBFC), Shriram Finance, for about Rs 23,200 crore ($2.6 billion), according to...
Jindal Power gets CCI nod to acquire debt-ridden Jaiprakash Associates
Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency...
Meta to acquire chip startup Rivos to strengthen AI plans
Meta Platforms Inc. is buying chip startup Rivos Inc. The deal is part of Meta’s plan to strengthen its own semiconductor development and control more of its AI infrastructure. Rivos is creating its own GPU. A GPU is...
Vedanta demerger date moved to March 2026 pending government approval
Anil Agarwal-led Vedanta Ltd on Tuesday said it has extended the deadline for its demerger to March 2026, from the earlier deadline of September 30, 2025, citing pending approvals from the NCLT and other government...
Mahindra sells Sampo Rosenlew stake to TERA, enabling new growth pathways in Finnish market
Mahindra and Mahindra (M&M) on Monday announced that it has entered into a share purchase agreement with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) to sell its entire stake in Sampo Rosenlew Oy. Consequent...
PE-firm InvAscent buys out Somerset, invests Rs 265 Cr in Rajasthan-based hospital chain Apex
Life sciences private equity firm InvAscent has picked up a significant stake in Rajasthan-based multi-specialty hospital chain Apex Hospitals to help with its expansion. InvAscent has invested $ 30 million (about Rs...
NCLAT sets aside Future Consumer’s plea for insolvency against Aussee Oats
Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd. A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National...
Zaggle to acquire loyalty solutions provider Greenedge for Rs 25 crore
Spend management platform Zaggle has received board approval to acquire 100% of Greenedge Enterprises — representing 130,000 equity shares — in a deal worth up to Rs 25 crore, the company said on Monday. In addition to...
US-based tax services provider Ryan acquires majority stake in Dhruva Advisors
The US-headquartered tax services and software provider Ryan has acquired a majority stake in the Indian tax and regulatory advisory firm Dhruva Advisors for an undisclosed amount. The transaction will pave the way for...
Genmab to buy Dutch cancer drugmaker Merus for $8 billion
Denmark’s Genmab has agreed to acquire Merus NV, a Nasdaq-listed Dutch biotech firm developing a head-and-neck cancer drug, for $8 billion in cash, the two companies said in a statement on Monday. The planned...
LG Electronics to sell 15% stake in Indian unit under IPO process
LG Electronics, South Korea’s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future...
Balaji Wafers may rethink stake sale plan as PE funds cite steep valuation
Ethnic packaged snacks Balaji Wafers’ minority stake sale is likely to have been put on the back burner, due to tepid responses from private equity funds and strategic investors, on account of the steep valuation...
