The National Investment And Infrastructure Fund (NIIF) on Thursday divested nearly a 3 per cent stake in electric two-wheeler maker Ather Energy for Rs 541 crore through open market transactions. NIIF through its...
DWS Group to buy 40% in Nippon Life India AIF biz
German asset manager DWS Group will pick up a 40% stake in Nippon Life India Asset Management’s alternatives business, a release said. The stake sale in Nippon Life India AIF Management is aimed at scaling up the...
Coinbase seeks CCI nod for purchasing minority stake in DCX Global
US cryptocurrency platform Coinbase has sought the Competition Commission of India’s (CCI’s) clearance for acquiring a minority stake in DCX Global. In a filing with the antitrust regulator, Coinbase said...
Biocon considers merging Biocon Biologics in $4.5 billion deal; IPO and share swap options under review
Biocon Ltd is exploring the merger of its biosimilars arm Biocon Biologics Ltd with itself, people aware of the development told ET. The potential deal is said to value the arm at around $4.5 billion, they said. The...
JSW may sell 50% in Bhushan Power to JFE
JSW Steel is looking at options to sell a 50% stake in Bhushan Power and Steel, the distressed asset that it acquired in 2019. Japanese steelmaker JFE Steel Corp has emerged as the frontrunner for acquiring this stake...
Wilmar International gets CCI nod to acquire 20 pc stake in AWL Agri Business
Fair trade regulator CCI on Tuesday cleared Wilmar International’s proposal to acquire up to 20 per cent stake in AWL Agri Business Ltd from Adani Group. The move came after Adani Group in July this year announced...
Think Investments acquires 5% of anchor book in PhysicsWallah IPO
Global investment firm Think Investments has increased its stake in edtech unicorn PhysicsWallah, acquiring around 5% of the anchor portion as the company launched its Rs 3,480 crore initial public offering (IPO) on...
Tata Power to acquire 40% stake for Rs 1,572 cr in SPV for Dorjilung hydro project in Bhutan
Tata Power Limited on Tuesday announced that the company has proposed an investment of Rs 1,572 crore for acquiring a 40% stake in a special purpose vehicle (SPV) that will set up 1,125 MW Dorjilung hydro power project...
CarTrade confirms acquisition talks with CarDekho parent
Mumbai-based listed auto marketplace CarTrade Tech is in discussions with Girnar Software, the parent company of rival CarDekho, to acquire its automotive classifieds businesses. In an exchange filing released on...
SoftBank sells entire Nvidia stake for $5.8 billion in surprise move
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence...
Indian Hotels, ITC, EIH, others in race for Pune’s Crowne Plaza
Indian Hotels, ITC Hotels and EIH Ltd are among hospitality companies to have shown interest in acquiring Crowne Plaza, a Pune-based five-star hotel owned by Advantage Raheja group, said people aware of the development...
US-based investment firm Blackstone to acquire majority in Ritz-Carlton Bengaluru from Nitesh Land
US-based investment firm Blackstone is acquiring up to 55% stake in the entity that owns the Ritz-Carlton Bengaluru from Nitesh Land. According to people familiar with the development, if Blackstone picks up 51-55%...
