Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers...
Phoenix Mills to acquire CPP Investments’ 49% in Island Star JV for Rs 5,449 Crore
Retail-led mixed use realty developer The Phoenix Mills Ltd (PML) will acquire the 49% stake held by Canada Pension Plan Investment Board (CPP Investments) in their joint venture Island Star Mall Developers Pvt Ltd...
US FCC clears way for $8 billion Paramount-Skydance merger
The U.S. Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment...
Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology
Elevation Capital (formerly Saif Partners India) has sold 1.01 crore shares in Le Travenues Technology, the parent company of online travel aggregator Ixigo, the company said in a filing. At Tuesday’s closing...
Tilaknagar Industries acquires Imperial Blue from Pernod Ricard
Tilaknagar Industries has signed an agreement to acquire the Imperial Blue whisky brand in India from France’s Pernod Ricard for about Rs4150 crore in an all-cash deal, entering the whiskey segment which accounts for...
Natco Pharma to buy over 35% in South Africa’s Adcock Ingram
Hyderabad-based Natco Pharma on Wednesday said it has agreed to buy a 35.75% stake in Adcock Ingram, South Africa’s second-largest drugmaker, for ‘2,000 crore. The all-cash deal will give Natco Pharma a...
Aurum PropTech acquires REA India’s PropTiger in strategic share-swap deal
Listed property technology company Aurum PropTech has acquired 100% of PropTiger, the Indian arm of News Corp Australia-backed REA Group, through an all-stock strategic equity swap. This marks the first-ever share-swap...
Singapore-based Unique Global to acquire up to 12% stake in IFL Enterprises
Agri commodity trader IFL Enterprises on Tuesday said Singapore-based Unique Global Managed Services has offered to buy up to 12 per cent stake in the company. The Ahmedabad-based company informed stock exchanges that...
Mindspace REIT makes first third-party acquisition with Rs 512-cr deal in Hyderabad
Mindspace Business Parks Real Estate Investment Trust (REIT) has acquired a prime commercial asset Q-City, an 810,000 sq ft office campus spread over 6 acres of land in Hyderabad’s Financial District for over Rs 512...
PSBs ready insurance units’ divestment plan
State-run banks have informed the government that they will actively pursue disinvestments in their insurance subsidiaries after the Centre approves 100% foreign investment in the sector. Some lenders have shared their...
EQT, Bain Capital emerge as final bidders for 31% controlling stake in Whirlpool India
Buyout groups EQT and Bain Capital are in a two-horse race for 31% controlling interest in Whirlpool of India, listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG...
Tilaknagar to acquire Pernod Ricard’s Imperial Blue whiskey, announcement likely on Wednesday
Tilaknagar Industries will likely acquire the Imperial Blue whiskey brand in India from France’s Pernod Ricard on Wednesday, said people in the know. On Wednesday, the board of Tilaknagar—which sells Mansion House...
