eBay on Tuesday turned down a $56 billion takeover offer from GameStop, citing concerns about how the deal would be financed, while reaffirming confidence in its ongoing turnaround strategy that has helped drive growth...
Mint
Actis restarts Nxt-Infra sale process, appoints Ambit
General Atlantic-owned infrastructure investor Actis LLP is looking to cash out, fully or partly, from its listed Indian roads platform Nxt-Infra Trust, two people aware of the matter told Mint. “Actis is prepared to...
FMC to sell India business to Crystal Crop for $252 million
US-based FMC Corporation, a global agricultural sciences company, on Thursday said it has signed an agreement to sell its India commercial business to IPO-bound Crystal Crop Protection Ltd, a crop solutions company in...
GameStop makes staggering $55.5 billion play to acquire online auction giant eBay
Video game retailer GameStop has proposed to buy e-commerce giant eBay for $55.5 billion. The proposed deal values eBay at $125.00 per share, representing a 20% premium over eBay’s closing price on Friday...
TMX Group to acquire Cboe Global’s Australian and Canadian operations for $300 million
TMX Group on Wednesday reached an agreement to acquire the Australian and Canadian operations of Cboe Global Markets for $300 million. This strategic move significantly broadens the reach of the Toronto Stock Exchange...
JAL insolvency case: Lenders flag ‘leak’ that may have aided Vedanta bid
In a fresh twist in the insolvency proceedings of Jaiprakash Associates Ltd (JAL), the Committee of Creditors (CoC) on Monday told the appellate tribunal that a possible information leak may have prompted Vedanta Ltd to...
Everstone invests $270 million in Apothecon Group for a significant stake
Singapore-based private equity firm Everstone Capital will invest close to $270 million for a significant stake in Apothecon Group, which includes India-based Apothecon and US-based Navinta, it said in a statement on...
Vedanta alleges Jaiprakash bid process was ‘tailor-made’ for Adani despite its higher offer
Billionaire Anil Agarwal-led Vedanta Ltd told the bankruptcy tribunal that the bidding process in the Jaiprakash Associates Ltd insolvency case was “tailor-made” by lenders to favour the Adani Group. Vedanta’s counsel...
Cycle Pure buys stake in Satvik to spark digital growth in India’s $35 billion spiritual products market
Cycle Pure Agarbatti is sharpening its push into digital channels and associated product categories as it looks to evolve beyond its traditional incense business. As part of this strategy, the company has acquired a...
Wipro bags $1 billion contract from Singapore’s Olam Group, to acquire arm Mindsprint
Wipro Ltd has bagged a $1 billion, eight-year contract from Singapore-based food processing major Olam Group, marking its first mega deal in nearly six years. As part of a broader engagement, the country’s fourth...
Mortgage lender Weaver buys majority stake in Centrum Housing
Housing finance company Weaver Services Pvt Ltd has acquired a majority stake in Centrum Housing Finance Ltd (CHFL). Weaver on Wednesday said it has completed raising ₹1,450 crore from Premji Invest, Lightspeed Venture...
Centre has no plans to exit Vodafone Idea: Jyotiraditya Scindia
Union communications minister Jyotiraditya Scindia said Indian telecom operators are among the healthiest globally, with the sector continuing to grow steadily. He added that the government is evaluating the next phase...
