State-owned insurer Life Insurance Corporation of India has increased its stake in Central Bank of India to 6.06% from 3.16% earlier, following a fresh market purchase of shares. In an exchange filing, the Central Bank...
Mint
PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies said in a statement...
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Bharti Airtel Ltd plans to raise its stake in Airtel Africa Plc to as much as 90% over the coming years, chairman Sunil Bharti Mittal said on Thursday, outlining a long-term capital allocation and ownership roadmap as...
‘Neither credible nor attractive’: eBay turns down $56 billion takeover bid from GameStop
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...
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...
