Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an...
Bain Capital sells 3.7% stake in 360 ONE WAM for Rs 1,741 crore
Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions. Following the stake sale, shares of 360 ONE WAM fell...
Titan to acquire 67% stake in Dubai-based Damas for $283 million in strategic Gulf expansion
Tata-owned Titan Company Ltd on Monday announced acquisition of 67% stake in Dubai-based luxury jewellery retailer Damas LLC (UAE) for $283.2 million (around Rs 2435.5 crore) in an all-cash deal to expand its presence...
CJI to Form Bench on JSW, lenders’ plea against Bhushan Power liquidation
Chief Justice of India BR Gavia on Monday said he will soon constitute a bench to hear review petitions filed by JSW Steel and lenders of Bhushan Power and Steel (BPSL) against the Supreme Court’s May 2 judgment that...
Abu Dhabi Investment Authority to buy 3% stake in Micro Life Sciences for $200 mn
Abu Dhabi Investment Authority on Monday said it will acquire a 3 per cent stake in medical devices firm Micro Life Sciences Pvt Ltd (Meril) for USD 200 million. A wholly-owned subsidiary of Abu Dhabi Investment...
Brookfield, EQT close in on Gland Pharma, but rising stock a pain
Buyout groups Brookfield and EQT are in active discussions to buy Hyderabad-based Gland Pharma, a contract development and manufacturing organisation (CDMO) and injectables company, from China’s Fosun Group in what...
JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for Rs 12,915 cr
Sajjan Jindal-led JSW Paints has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in Dutch paint maker Akzo Nobel’s India unit in a Rs 12,915-crore deal. The development...
NCLT approves merger of Adani Cementation with Ambuja Cements
The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation with Ambuja Cements, which will help to consolidate Adani Group’s cement business under one unit and bring synergistic benefits...
Udaan acquires retail tech startup ShopKirana for $88.5 million in stock
Business-to-business (B2B) grocery delivery platform Udaan said on Friday that it agreed to acquire 100% stake in retail tech startup ShopKirana in an all-stock deal. A press release from Udaan did not provide details...
Firstsource to acquire UK-headquartered Pastdue Credit Solutions
Firstsource Solutions on Friday announced it will acquire Pastdue Credit Solutions, a debt-collection business serving several of the UK’s banks, utility firms, telecom companies, and government bodies. The...
Tata Motors approaches Italy’s Agnelli family to buy controlling stake in Iveco
Italy’s Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India’s Tata Motors has approached Exor, the...
Chevron share rises as it clinches Hess acquisition after winning Exxon legal battle
Chevron has officially closed its massive $55 billion acquisition of Hess, sealing the deal just days after winning a pivotal arbitration battle against Exxon Mobil. The long-awaited transaction not only strengthens...
