Pfizer and Novo Nordisk’s fight for obesity drug developer Metsera ratcheted up on Tuesday, as both companies submitted sweetened bids, with Metsera saying Novo’s $10 billion offer is superior. The dramatic...
JSW Paints to raise ₹3,300cr to fund AkzoNobel India buy
JSW Paints plans to raise ₹3,300 crore on Friday through non-convertible debentures to help finance its planned acquisition of AkzoNobel India, according to people familiar with the matter. The bond issue is part of a...
Starbucks sells 60% stake in China business in $4 billion deal with Boyu
Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60% interest in Starbucks’ retail...
Bharti Airtel board approves acquiring 5 pc additional stake in Indus Towers
Bharti Airtel on Monday said its board has approved the acquisition of a 5 per cent additional stake in its telecom infrastructure subsidiary Indus Towers. Bharti Airtel holds a 51.03 per cent stake in Indus Towers as...
Cipla to fully acquire Inzpera Healthscience
Drug maker Cipla on Monday said it has inked a pact to fully acquire Inzpera Healthscience for around Rs 111 crore. The drug maker has entered into definitive agreements to acquire 100 per cent stake in Inzpera...
Zupee acquires Australian AI startup Nucanon to expand into interactive storytelling
Zupee, India’s leading social gaming and entertainment platform, on Monday announced the acquisition of Nucanon, a Sydney-based innovator in AI-driven interactive storytelling. The strategic acquisition marks a...
IMFA to buy Tata Steel’s Kalinganagar ferrochrome plant in Rs 610 crore deal
Indian Metals & Ferro Alloys (IMFA) on Tuesday said it is acquiring Tata Steel Limited’s ferrochrome plant in Kalinganagar, Odisha, for ₹610 crore, after which it will become India’s largest and the...
Allcargo Logistics completes demerger of global supply chain biz
Allcargo Logistics Limited on Monday announced that the demerger of its international supply chain business as well as the merger of domestic business has become effective from November 1. Under a composite scheme of...
AIMS hospital founder looks to buy back PE investors’ 49% stake
The founder of Asian Institute of Medical Sciences (AIMS), Narendra Pandey, is looking to buy back 49% stake held by private equity investors in the Faridabad-based hospital, people aware of the development said. Pandey...
Indian Hotels, EIH, ITC join race for JW Marriott Bengaluru
Indian Hotels, EIH and ITC Hotels are among leading hospitality companies that have shown interest in acquiring the luxury hotel JW Marriott in Bengaluru, according to documents seen by ET. As many as 40 companies...
Narayana Health buys UK’s Practice Plus Hospitals
Bengaluru-headquartered Narayana Health on Friday announced its entry into the UK healthcare market with the acquisition of Practice Plus Group Hospitals, pledging to extend affordable care. Practice Plus Group operates...
Abu Dhabi’s IHC seeks CCI nod to buy 43% stake in Sammaan Capital for $1 billion
Abu Dhabi-based International Holding Company has sought approval from the fair trade regulator CCI to purchase a 43.46 per cent stake in Sammaan Capital for USD 1 billion (around Rs 8,850 crore). International Holding...
