Nuvoco Vistas Corp, an eastern India cement producer that had bought LaFarge’s operating assets nine years ago, is buying Vadraj Energy (Gujarat) for Rs 200 crores from JSW Cement and Alpha Alternatives Holdings, the...
NCLT clears Sequent Scientific–Viyash Life Sciences merger worth ₹8,000 crore
Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences received approval for their planned merger from the National Company Law Tribunal (NCLT) on Tuesday, according to sources in the know. Sequent...
CCI clears two corporate deals in cement and offshore drilling
The Competition Commission of India on Tuesday cleared two separate transactions involving companies in the cement and offshore drilling sectors. The approvals cover a planned investment and share purchase arrangement...
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strain
Japan’s Kirin Holdings, the largest investor in Bira 91 craft beer maker B9 Beverages, is in talks with the crisis-ridden brewer’s founder Ankur Jain to exit its investment, multiple people aware of the negotiations...
Pro Fin Capital gets green signal from Excellence Creative for 25 pc stake buy
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...
