Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio and two prominent Italian investors allegedly coordinated actions to seize control of Mediobanca SpA and tighten their grip on Assicurazioni...
Mittal-led promoter entity to sell 0.6% stake in Bharti Airtel via bulk deal
Bharti Airtel Ltd’s promoter group entity, Indian Continent Investment, is set to sell a 0.56% stake at around $806 million ( ₹7,191 crore) in the telecom operator, according to deal terms. The Sunil Mittal-led promoter...
LIC boosts stake in Voltas, raises holding by 2% via market purchase; now holds over 7%
Life Insurance Corporation of India (LIC) has increased its stake in Voltas, one of the country’s leading air conditioning and cooling solutions companies, by over 2%. This fresh acquisition comes at a time when the...
EQT, PAG, Blackstone, CVC among global PEs evaluating $1 bn ValueLabs buyout
Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with...
Permira, Carlyle, L Catterton, others eye 30% stake in iD Fresh at ₹4,500-cr valuation
iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle...
Advent, Warburg join race for stake in Encube Ethicals
Global private equity firms Advent International and Warburg Pincus have joined the race for a stake purchase in contract drug maker Encube Ethicals Pvt. Ltd, three people aware of the development said. Apart from...
A seven-year-old merger plan for insurance weaklings is being dusted off the shelves
The Centre is weighing a massive restructuring of National Insurance Co., Oriental Insurance Co., and United India Insurance Co., potentially involving a merger, privatization or both. The Union finance ministry is...
Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H...
Manipal Education submits EOI to bid for Byju’s parent Think & Learn under insolvency process
Dr Ranjan Pai-led Manipal Education and Medical Group India (MEMG India) has submitted a formal Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of troubled edtech...
Business Payments Firm Bill Holdings Is Exploring a Sale
Bill Holdings Inc., the business-payments firm under pressure from activist investor Starboard Value LP, is exploring options including a potential sale, people familiar with the matter said. The San Jose, California...
Debt-laden Kinara Capital looks to sell majority stake for survival
Crisis-hit non-bank financier Kinara Capital Pvt. Ltd is tapping strategic investors—fintechs and other non-banking financial companies (NBFCs)—to pump in funds in exchange for a majority stake in the company, said...
NCLT Mumbai reserves order on Vedanta’s demerger proposal; petroleum ministry cites concerns
The Mumbai bench of the National Company Law Tribunal reserved its order in the matter of the proposed Vedanta demerger, which India’s petroleum and natural gas ministry has opposed. “We heard both the parties. The...
