Apollo Hospitals Enterprises (AHEL), the country’s largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24×7...
Torrent Pharma to acquire JB Chemicals at Rs 25,689 crore valuation
Ahmedabad-based drugmaker Torrent Pharma has agreed to buy a controlling stake in JB Chemicals from global private equity firm KKR at an equity valuation of Rs 25,689 crore ($3 billion). The deal, which will see a...
Manipal Health Enterprises leads race to buy Sahyadri Hospitals with Rs 6,838 crore bid
IPO-bound Manipal Health Enterprises is leading the race to acquire Sahyadri Hospitals with a Rs 6,838 crore ($800 million) bid, people familiar with the matter said. It is trailed closely by Blackstone, they said...
Russia’s Rosneft Oil Company in early talks with Reliance to sell stake in India unit
Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million-tonne-a-year oil refinery and 6,750 petrol pumps...
Singapore International Arbitration Centre rules in favour of Amazon in Future Group case
The Singapore International Arbitration Centre (SIAC) has ruled in favour of Amazon in its long-standing legal battle with Kishore Biyani-led Future Group, holding that Reliance Retail-Future merger deal breached its...
TPG-owned digital engineering company Altimetrik to acquire SLK Software for $600 million
Altimetrik, a pure-play artificial intelligence (AI), data, and digital engineering solutions company, will acquire SLK Software, a global technology services firm focused on delivering AI, intelligence automation, and...
Torrent Pharma closes in on JB Chem likely for $2.4 bn buyout, eyes $1.6 billion financing
Torrent Pharma is in advanced discussions with private equity group KKR to buy JB Chemicals and Pharmaceuticals, almost 10 months after their initial discussions fell through, said multiple people aware. KKR the...
Coal India to invest Rs 1,067 crore in Talcher Fertilizers
State-owned CIL on Friday said it will invest a little over Rs 1,067 crore in Talcher Fertilizers Ltd by way of acquiring shares through rights issue. Talcher Fertilizers Ltd was incorporated in 2015 as a joint venture...
Meta in talks to acquire voice cloning startup PlayAI: Report
Meta is in advanced talks to acquire voice cloning startup PlayAI as the social media giant maintains focus on acquiring top AI talent, according to a Bloomberg report. PlayAI, a Palo Alto, California-based startup...
Mazagon Dock marks first foreign acquisition with $53 million Colombo Dockyard deal
In its first-ever international acquisition, Mazagon Dock Shipbuilders announced on Friday that it will acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest shipbuilding and repair facility...
Adani arm buys Granthik Realtors for Rs 86 cr to boost infra development plans
AdaniConneX Pvt Ltd, a joint venture of Adani Enterprises Ltd (AEL), has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore, the company informed stock exchanges on Friday. The acquisition, completed...
JSW Paints to buy Akzo Nobel India for Rs 9000 cr, announcement today
JSW Paints has agreed to acquire Akzo Nobel’s India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic...
