HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering (IPO)...
Hinduja Group to close RCap deal by end January: A.P. Hinduja
The Hinduja Group expects to complete the ₹9,861 crore acquisition of Reliance Capital by the end of January, nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan for the bankrupt lender...
Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bln deal, sources say
Global private equity firms Blackstone and Bain Capital are among final bidders for Mitsubishi Tanabe Pharma, a unit of Japan’s Mitsubishi Chemical Group, in a deal that could value it at between $3 billion and $3...
Blackstone to Buy Tokyo Complex From Seibu for $2.6 Billion
Blackstone Inc. is buying a mixed-use complex in Tokyo from Seibu Holdings Inc. in the largest-ever real estate acquisition by foreign fund in Japan. The world’s largest alternative asset manager will purchase Tokyo...
Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore
Shriram Finance Ltd. completed the sale of its housing finance subsidiary to Warburg Pincus affiliate on Wednesday, December 11, for ₹3,929 crore. The flagship company of the Shriram group sold its entire 84.44 per cent...
RBI approves Burman family entities’ open offer to acquire 26 pc additional stake in REL
The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The central bank...
NTPC in talks with Maersk to sell green methanol for fuelling its ships
NTPC Green Energy Ltd, a subsidiary of India’s largest power generation utility is in talks with global shipping major A.P. Møller – Mærsk A/S to sell green methanol for its ships, said two people in the know of the...
GIC to acquire larger stake in Asia Healthcare Holdings from majority owner TPG
Singapore’s GIC is close to raising its stake in Asia Healthcare Holdings (AHH) ahead of a potential public listing of the healthcare platform in the next year or two, four people aware of the development said...
TotalEnergies set to acquire renewable energy firm VSB Group for $2.1 bn amid Adani investment halt
Global energy giant TotalEnergies SE is close to acquiring VSB Group from private equity firm Partners Group Holding AG in a deal that values VSB at nearly $2.1 billion, Bloomberg reported on Tuesday, December 3, citing...
Mirae Asset Financial Group Completes Acquisition of Sharekhan
Mirae Asset Financial Group today announced the completion of its acquisition of Sharekhan, following the receipt of all required regulatory approvals. This marks a new chapter in both companies’ journeys as Mirae...
Byju’s insolvency: Riju Raveendran approaches NCLT to seek inclusion in case
Riju Raveendran, the largest shareholder of edtech company Byju’s and brother of founder Byju Raveendran, approached the insolvency tribunal on Monday, seeking to be included in the insolvency case deliberations...
SpiceJet insolvency claims: Are creditors leveraging IBC forum for settlements?
India’s bankruptcy courts are indignant at being used by creditors as a tool to recover dues from companies that are not really bankrupt, and for wasting their time. On 19 November, judicial member Mahendra Khandelwal...
