A platform backed by private equity major Gaja Capital is in the final stages of acquiring a majority stake in a mortgage lender owned by the Centrum Group, reflecting the growing confidence of impact funds in...
Tata AutoComp to acquire Slovakia-based IAC Group
Auto components maker Tata AutoComp Systems on Thursday said it has signed a pact to fully acquire Slovakia-based IAC Group. The company, however, did not disclose the financial details of the transaction. The company...
JSW Neo Energy, Blackstone, other cos line up for Statkraft wind-down
JSW Neo Energy, Blackstone and KKR-backed Serentica Renewables have submitted binding financial bids for Statkraft’s wind and solar energy assets in India on Wednesday, when the deadline for bids expired, according to...
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital’s proposal to acquire a majority stake in Mumbai-based bakery chain Theobroma. ChrysCapital is acquiring...
Tata AutoComp, Ichikoh to form JV to acquire Valeo’s lighting biz in India
Tata AutoComp Systems Ltd on Tuesday said it will form a joint venture with Japan’s Ichikoh Industries Ltd to acquire Valeo’s lighting business in India for an undisclosed sum. Valeo’s lighting...
NARCL offers ₹550 crore for Jaypee Cement & Reliance Infra assets
The National Asset Reconstruction Co (NARCL) has submitted binding offers for two distressed assets, including Jaypee Cement Corp. The other asset is a toll road entity of Anil Ambani’s Reliance Infra. For the...
CCI okays Dalmia Bharat’s proposal to acquire Jaiprakash Associates
The Competition Commission of India (CCI) has cleared Dalmia Bharat’s proposal to acquire a 100% stake in Jaiprakash Associates (JAL). The proposed combination follows a resolution process of JAL under the bankruptcy...
Electric air taxi company Joby to acquire Blade Air’s passenger business
Joby Aviation will acquire helicopter ride-share company Blade Air Mobility’s passenger business for up to $125 million, Joby said Monday, as it works to speed the deployment of electric air taxis for commercial...
Ananta Capital acquires majority stake in Rubans, one of India’s fastest-growing fashion jewellery brand
Ananta Capital has completed the acquisition of a majority stake in Fonte Fashions India Private Limited, the parent company of Rubans, a digitally native, fast-growing fashion jewellery brand redefining affordable...
China’s Ant Group to exit Paytm: Report
China’s Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that could total $433.72 million, according to a term sheet seen by Reuters on Monday. Ant, an affiliate...
Antfin to likely sell entire 5.84% stake in Paytm at Rs 3,800 crore via block deal: Report
Ant Group affiliate Antfin (Netherlands) Holding B.V. is likely to sell its entire 5.84% stake in One 97 Communications via block deal on Tuesday, according to a report. The floor price has likely been set at Rs 1,020...
Bosch acquires majority stake in JCHAI, becomes major player in India’s AC market
Robert Bosch Gmbh is set to get a bigger foothold in India’s home appliances market, with the German giant taking control of AC maker Johnson Controls-Hitachi Air Conditioning India (JCHAI). Bosch bought a 74.2%...
