The government on Monday reviewed its disinvestment strategy, including the IDBI Bank strategic sale, as stock market volatility in the aftermath of the West Asia war has cast a shadow over its sell-off bid, a person...
Economic Times
Inox Clean Energy eyes $750M Boviet Solar buy to enter US market
Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered company, said people familiar with...
Quadria, PE funds eye stake in Samarth Lifesciences; deal may value firm at Rs 4,500 crore
Quadria Capital is among 4-5 private equity investors evaluating a potential acquisition of a controlling 80-85% stake in Samarth Lifesciences, said people familiar with the matter. A deal could value the manufacturer...
Jio Financial Services, Allianz Group ink 50:50 general, health insurance JV
Jio Financial Services (JFSL) and Germany’s Allianz Group have signed a binding agreement to set up a 50:50 primary insurance joint venture focused on the general and health insurance segment, tapping into a ₹3.34...
JAL Case: NCLAT reserves ruling on Vedanta plea
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta’s two petitions challenging the selection of Adani Enterprises bid to acquire debt-ridden Jaiprakash Associates Ltd...
Unimech signs deal to acquire Hobel Bellows for Rs 450 crore
Unimech Aerospace and Manufacturing Limited has signed a definitive agreement to acquire Hobel Bellows for Rs 450 crore. Hobel Bellows is a specialised Indian manufacturer of metallic bellows and precision-engineered...
IHCL completes acquisition of 51 pc stake in Brij Hospitality for Rs 222 cr
Tata Group-backed Indian Hotels Company, along with its subsidiaries, has completed the acquisition of a 51 per cent stake in Brij Hospitality for a total investment of approximately Rs 222 crore, according to a...
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buy
National Investment and Infrastructure Fund (NIIF) has emerged as the frontrunner to acquire Sprng Energy from Shell for nearly $1.7 billion, said people in the know, as India’s quasi-sovereign wealth fund looks to re...
AI chipmaker Forge Nano to list via $1.6 billion SPAC deal
Forge Nano, a US-based semiconductor equipment and advanced materials company, plans to go public through a $1.6 billion blank-check deal with Archimedes Tech SPAC Partners II, the companies announced on Tuesday. The...
SpaceX says it has option to acquire startup Cursor for $60 billion
SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for AI...
Fairfax likely to buy 10% more in IIFL Capital via preferential allotment
Prem Watsa-backed Fairfax Financial Holdings is set to increase its stake in IIFL Capital Services through a preferential allotment in a transaction estimated around ₹1,000 crore, multiple people aware of the...
Dhan parent Raise Financial acquires algo-trading startup Stratzy in cash-and-stock deal
Raise Financial, the parent of online stock trading platform Dhan, has acquired algo-based investing and trading startup Stratzy in a cash-and-stock deal. The deal, according to sources, is valued at $5–6 million. ET...
