Fair trade regulator CCI on Tuesday said it has approved Abu Dhabi National Oil Company’s (ADNOC) proposal to acquire Covestro for USD 16.4 billion. Abu Dhabi’s state-owned oil firm ADNOC is an energy and...
Metropolis Healthcare to acquire Core Diagnostics for Rs 247 cr
Metropolis Healthcare, India’s second largest diagnostic chain, on Monday said its board has approved the acquisition of Delhi NCR-based specialty cancer testing chain Core Diagnostics for Rs 247 crore through a...
Three suitors place binding bids for Haldiram after Alpha Wave Global looks to bite into $1.5 bn plus stak
Alpha Wave Global, an offshoot of Tiger Global Management, has made a binding offer to buy a sliver of Haldiram Snacks Food, India’s largest snack and convenience foods company, for more than a billion dollars, said...
Ceat to acquire Michelin’s Camso brand for USD 225mn
Domestic tyre maker Ceat, an RPG-Harsh Goenka group company, will acquire Camso brand that has an off-highway tyre business from global major Michelin for USD 225 million, translating to about INR 1,900 crore. Under the...
Waste management firm Blue Planet acquires NZ-based Smart Environmental Group
Waste management solutions provider Blue Planet Environmental Solutions (Blue Planet) on Friday announced the acquisition of New Zealand-based Smart Environmental Group Ltd. The acquisition strengthens Blue...
NCLT asks two Tata NBFCs to seek merger nod from stakeholders
The National Company Law Tribunal (NCLT) has asked two non-banking finance companies of the Tata Group — Tata Capital Ltd and Tata Motors Finance Ltd — to convene meetings of their shareholders and secured and unsecured...
Suven Pharma to acquire 56 pc stake in US-based firm for USD 64.4 mn
Suven Pharmaceuticals on Saturday said it will acquire a controlling stake in US-based NJ Bio Inc for USD 64.4 million. The company will buy a 56 per cent stake in Princeton, NJ Bio, Suven Pharmaceuticals said in a...
Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: s
Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of...
Britain approves $19 billion Vodafone-Three mobile merger
Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison’s Three UK to create the country’s biggest mobile operator and reduce the number of networks to three from four. The...
UK’s Vodafone sells 3% Indus stake in multiple block deals for Rs 2,801.7 crore; Morgan Stanley, BoFA, Bla
UK’s Vodafone Group Plc has sold its remaining 3% stake in Indus Towers via multiple block deals to a host of marquee global investment banks, international alternative asset managers, big-ticket overseas fund houses...
Ontario Teachers’ Pension Plan likely to sell Sahyadri Hospitals
Ontario Teachers’ Pension Plan (OTPP) will likely launch a process to sell Sahyadri Hospitals early next year, less than 36 months after it announced the acquisition, which was its first control private equity...
Acre ARC wins bid to take over Essel Groups’ bad loans
Acre ARC has emerged as the successful bidder to take over the ₹1,350 crore debt of Subhash Chandra’s Essel Group and also ₹2,613 crore debt of a portfolio of retail and SME loans from JC Flowers ARC (JCF) as the...
