State Street, the world’s fourth-largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww. The transaction involves...
The Gentari stake sale gets cracking. Will Actis, Macquarie and Sembcorp bid?
Global private equity firms Macquarie, Actis, Sembcorp and strategic investors such as Serentica Renewables and JSW Group are evaluating bidding for a 50% stake in Malaysian energy firm Gentari’s India business, three...
Banijay, owner of Big Brother franchise, and All3Media in talks to merge TV production businesses: Report
French media production company Banijay Group, widely known for owning the “Big Brother” franchise, is reportedly in talks with RedBird IMI, the owner of All3Media, to merge their television production businesses...
PE firm Kedaara Capital emerges front-runner to buy majority stake in Tynor Orthotics
Kedaara Capital has emerged as the front-runner to acquire a majority stake in Tynor Orthotics, the Mohali-based manufacturer of fracture aids and body braces, three people familiar with the matter said. “The...
Apax Funds buys minority stake in iD Fresh Food, early backers part exit
Global private equity firm Apax Funds has acquired a significant minority stake in iD Fresh Food, which makes ready-to-cook packaged food items. The investment firm has acquired the stake from existing shareholders...
Inox Clean acquires 300 MW of SunSource green power portfolio in ₹1,000-cr deal
Initial public offering-bound Inox Clean Energy has signed a definitive agreement to acquire 300 MW of solar power portfolio of Dutch multinational SHV Energy-owned SunSource Energy for ₹1,000 crore ($111 million), said...
Macquarie to Inject £245 Million More Into UK’s Southern Water
Macquarie Asset Management committed to putting a further £245 million ($330 million) of equity into Southern Water Ltd. as part of a plan to strengthen the finances of the UK utility. Macquarie, which holds a majority...
Edelweiss completes sale of 10% stake in asset management business to WestBridge
Edelweiss Financial Services Ltd has completed the divestment of a 10% stake in its asset management business to global investment firm WestBridge Capital. This is part of a broader agreement under which WestBridge is...
Warner Bros may reject Paramount’s latest hostile bid worth $108 billion despite Larry Ellison guarantee
Warner Bros. Discovery is likely to reject Paramount Skydance’s amended $108.4 billion hostile bid for the storied Hollywood studio, despite a personal guarantee from billionaire Larry Ellison backing the media...
EESL looks to sell IntelliSmart for $723 mn as debt piles up, Deloitte to advise
The proposed transaction would rank among the largest deals in India’s fast-growing smart metering sector and highlights the financial stress at EESL, even as IntelliSmart plays a key role in the country’s $30-billion...
Samsung Life, BNP, Norwest, Prudential Plc eye stake in IndiaFirst Life Insurance
IndiaFirst Life Insurance has drawn interest from Samsung Life Insurance, Prudential Plc, BNP Paribas, and Norwest Venture Partners as existing investor Warburg Pincus explores an exit from its 26% stake, four people...
JBM Group signs exclusivity pact to buy Fortum’s EV charging business in India
Gurugram-headquartered JBM Group has signed an exclusivity agreement to acquire a majority stake in GLIDA, the Indian electric vehicle (EV) charging network of Finnish state-run energy utility Fortum Oyj, two people...
