LNJ Bhilwara Group has bought out Statkraft’s 49% stake in a hydro power JV, according to a disclosure to stock exchanges. LNJ Bhilwara group company HEG will buy out Statkraft’s stake in Malana Power Company for an...
JSW, Vedanta, Adani among companies keen to buy GVK Energy’s asset
JSW Energy Ltd., Adani Power Ltd. and Vedanta Ltd. are among more than a dozen companies that have expressed interest in acquiring GVK Energy’s 330 MW Alaknanda hydro power project in Uttarakhand, according to...
Elon Musk’s SpaceX buys wireless spectrum from EchoStar in $17 billion deal
Elon Musk’s SpaceX said Monday it will buy wireless spectrum licenses from EchoStar for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink’s nascent 5G...
Multibillion-dollar deals fuel pickup in India’s mergers & acquisitions activity
After a lull earlier this year, activity in mergers and acquisitions has picked up in India, led by multibillion-dollar cross-border deals and the involvement of global private equity funds and local firms. Increasingly...
Sequent and Viyash Life merger plan gets shareholder approval
The proposed merger of Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences has got overwhelming support from shareholders, the company’s management told ET. It secured approval from 99.98% of...
Worth more that the GDP of 100+ nations, Atlassian acquires The Browser Company for $610 million
Atlassian announced Thursday, September 4, it will acquire New York-based startup The Browser Company for $610 million in cash, marking the enterprise software company’s entry into the competitive AI-driven...
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Benevrages, PepsiCo’s second-largest global bottling partner, will manufacture visi-coolers under its joint venture White Peak Refrigeration, formed with Everest International Holdings. With a 50%...
Hunch Ventures takes over Jamie Oliver India restaurants
Global investment firm Hunch Ventures is acquiring casual and fine-dine chain Jamie Oliver Restaurants in India from London-based consumer investor platform International Market Management (IMM) which held 51% stake in...
Valor Estate may also move NCLT to revise Lavasa offer
Valor Estate is the latest bidder likely to file a plea in the Mumbai National Company Law Tribunal (NCLT) to be allowed to revise its resolution plan for Lavasa Corp after the tribunal allowed Welspun-Ashdan Developers...
Waaree Energies acquires 64% stake in Kotsons Private Ltd to enter the transformers business
Waaree Energies Limited, India’s largest solar module manufacturer, has acquired a 64% equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crores, making Kotsons a subsidiary of...
Singapore-based firm proposes to acquire 25% in Welcure Drugs & Pharma
Welcure Drugs & Pharmaceuticals Ltd on Wednesday said that Singapore-based Telexcell Trade has offered to acquire up to 25 per cent equity stake in the company at an indicative price of Rs 20 per share. This...
CCI approves SMBC’s stake buy in Yes Bank
The Competition Commission of India on Tuesday approved Japanese company Sumitomo Mitsui Banking Corporation’s stake purchase in Indian lender Yes Bank. SMBC in May had inked a deal to take a 20% stake in Yes Bank...
