US-based investment firm GQG Partners on Wednesday sold a 1.8 per cent stake in airports operator GMR Airports to Fidelity International for Rs 1,906 crore through open market transactions. Rajiv Jain-backed GQG...
Economic Times
Cyient to acquire Tao Digital in $218 million all-cash deal
Mid-tier engineering services provider Cyient has said it will acquire US-based Tao Digital Solutions Inc in a $218-million all-cash transaction as it looks to expand its data, AI, and digital engineering capabilities...
PB Fintech founders Yashish Dahiya, Alok Bansal sell 0.8% stake worth Rs 665 crore
Yashish Dahiya and Alok Bansal, founders of Policybazaar parent PB Fintech, together sold a 0.8% stake in the company for Rs 665 crore, according to information disclosed on the National Stock Exchange. Dahiya, chairman...
Yatra founders explore stake sale as consolidation buzz swirls in online travel
Travel portal Yatra Online’s founders have opened discussions to sell a controlling stake with feelers having been sent to competitors and other potential buyers, people aware of the development said. The...
China’s SAIC to sell another 10% stake in Indian car venture to local partner JSW – sources
China’s SAIC Motor will sell a further 10% stake in its Indian carmaking venture, JSW MG Motor, two sources with direct knowledge of the matter told Reuters, in a deal that will make local partner JSW the biggest...
IndiGo approves $450 million plan to acquire aircraft, engines
InterGlobe Aviation, the parent company of IndiGo, announced on Friday that it has approved a plan to deploy up to $450 million to support the acquisition of aircraft, engines and other aviation assets, as the airline...
IDBI Bank stake sale back on table; Centre explores revival options
The Centre is exploring ways to revive the stalled privatisation of IDBI Bank, people familiar with the matter told ET. The choices include examining whether earlier rejected bids, from Prem Watsa-led Fairfax Financial...
InvITs industry pushes for easier M&A rules to boost investor interest
The InvITs industry with ₹7 lakh crore of assets under management is seeking M&A-friendly guidelines from regulators for the asset class to be able to attract more investors, several industry executives said. Their...
Anushka Sharma acquires minor stake in footwear and apparel brand Agilitas Sports
Film actor-producer Anushka Sharma has acquired a minor stake in Agilitas Sports, which makes and retails sports footwear and apparel. Sharma’s husband, cricketer Virat Kohli, is already a co-investor in Agilitas...
True North buys 25% stake in pharma co Embio
Homegrown private equity firm True North will acquire a minority stake in Embio Ltd, a regulated markets-focused manufacturer of Active Pharmaceutical Ingredients (APIs), True North announced on Wednesday. According to...
UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: Report
The UK government would oppose any attempt by Sunil Bharti Mittal to increase his stake in telecoms group BT in order to maintain sovereign control over “critical national infrastructure”, the Financial Times reported...
AkzoNobel rejects €12.5 billion Nippon Paint, Sherwin-Williams takeover offer
Dulux paint maker AkzoNobel struck down a €12.5 billion ($14.6 billion) cash takeover offer from rivals Nippon Paint and Sherwin-Williams on Wednesday, sending its shares 20% higher. The offer price of €73 per share...
