The Life Insurance Corporation of India (LIC), India’s largest insurance company, said on Thursday, July 4, that it acquired a 0.2 per cent stake in IDFC First Bank Limited for ₹80.63 per share, increasing its...
Lighthouse Funds talking to investors to offload its stake in footwear maker Aqualite Industries
Private equity major Lighthouse Funds is looking to exit its six-year-old bet in footwear maker Aqualite Industries, and it has already started early talks with prospective investors, two people familiar with the matter...
Temasek may buy ₹900 crore stake in medical equipment firm Tynor
Temasek, the private equity (PE) arm of the Singapore government, is the front runner to acquire significant minority stake in Tynor Orthotics, a Mohali, Punjab-based medical equipment maker, according to three people...
Kapil Wadhawan moves NCLAT against Union Bank’s insolvency plea over ₹3,958-crore default
Kapil Wadhawan, the former promoter of Dewan Housing Finance Corporation Ltd (DHFL), has moved the National Company Law Appellate Tribunal (NCLAT) to challenge the initiation of personal insolvency proceedings against...
Boeing agrees to buy Spirit Aero for over $4 billion in an all-stock deal, says report
Boeing agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S. planemaker hopes will help ease a spiralling safety...
PI Industries share price jumps 5% on acquisition of Plant Health Care
PI Industries share price jumped over 5% in early trade on Thursday after the company announced the acquisition of UK-listed Plant Health Care Plc (PHC) with subsidiaries in the US, Brazil, Mexico and a few other...
Masdar, AIIB, Sojitz, Mitsubishi, Gentari, Marubeni, IFC among others eye Hygenco’ stake sale in $400 million deal
Several companies have evinced interest in acquiring 49% stake in Gurugram-based green hydrogen manufacturer Hygenco Green Energies Pvt. Ltd for an estimated equity value of around $400 million, two people aware of the...
Asian buyout firm shortlists bidders for $800 million Malaysia hospital sale
Malaysia’s IHH Healthcare and Sunway are among the three bidders in a race to acquire one of the country’s largest hospitals from buyout firm Affinity Equity Partners, people familiar with the situation said. A second...
Hinduja Group begins bond sale process to raise ₹7,300 crore for Reliance Capital acquisition, says report
Hinduja Group is set to raise approximately ₹7,300 crore ($873 million) through two rupee bond offerings, Bloomberg reported citing sources. This move is part of the funding strategy for acquiring Reliance Capital, it...
Boyd Gaming makes acquisition approach to Penn Entertainment, sources say
U.S. casino operator Boyd Gaming has approached Penn Entertainment to express interest in acquiring its peer, valued at more than $9 billion, including debt, according to people familiar with the matter. The potential...
Top Bank of Cyprus Investors to Explore Sale of Stake
Two of the top investors at Bank of Cyprus Holdings Plc are exploring a sale of their stakes in the country’s biggest bank, according to people with knowledge of the matter. AB CarVal Investors and Caius Capital are...
Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal
Zurich Insurance Company Ltd has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited. Zurich acquired a 70 per cent stake in Kotak General Insurance for ₹5,560 crore (USD 670...
