Waaree Energies on Tuesday said that its board has approved a proposal to acquire a 64 per cent equity stake in Kotson’s Pvt Ltd for a total consideration of Rs 192 crore. Kotson’s Private Limited...
CCI clears Manipal Hospitals’ proposal to acquire Sahyadri Hospitals
Competition watchdog CCI on Tuesday cleared healthcare major Manipal Hospitals’ proposal to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers’ Pension Plan Board in a deal estimated...
Warburg eyes 10% stake in Kalyan Jewellers’ Candere brand for Rs 850 crore
Global private equity firm Warburg Pincus is in discussions with Kalyan Jewellers India to acquire about 10% stake in the Kerala-based company’s lifestyle brand Candere for Rs 800-850 crore, two people aware of the...
OpenAI to acquire product testing startup Statsig, appoints CTO of applications
OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current valuation of $300 billion. The ChatGPT maker will also...
Ceat completes acquisition of Camso OHT, tracks business
Tyre maker Ceat on Monday said it has completed the acquisition of Michelin Group’s Camso off-highway tyres and tracks business. The company had entered into a definitive agreement with Michelin in December last...
ADIA exits One MobiKwik Systems; sells entire 2.1% stake for Rs 39 crore
Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction. According to the bulk deal...
NCLT admits Canara Bank’s insolvency plea against Supreme Infra’s Highway SPV
The National Company Law Tribunal (NCLT) has admitted Canara Bank’s insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme...
How virtual data rooms simplify mergers and acquisitions
Mergers and acquisitions become important in fast-growing economies like India, as businesses look to expand, consolidate, or attract global investors. With deals worth nearly $85 billion recorded in 2023, India’s...
Capgemini seeks Competition Commission’s clearance to acquire Cloud4C
French IT services major Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C. The development comes after Capgemini announced on Tuesday...
NCLT admits AGS Transact for insolvency
The bankruptcy court in Mumbai has admitted AGS Transact Technologies for corporate insolvency resolution process (CIRP) on an application filed by the listed payment solution company’s operational creditor...
CapitaLand to sell Chennai unit leased to Apple supplier
Singapore-based CapitaLand is in the process of selling an industrial unit in Chennai which is leased to Pegatron, one of the largest suppliers of Apple, two people aware of the development said. The 750,000 sq ft...
Japanese banking giant Sumitomo Mitsui lines up Rs 16,000 cr more for fitter Yes
Japanese financial giant Sumitomo Mitsui Banking Corp (SMBC) is set to invest Rs 16,000 crore ($1.83 billion) in Yes Bank through a combination of equity and debt, according to people familiar with the matter. This...
