DNB Bank ASA said Tuesday the Norwegian Competition Authority has rejected the bank’s proposed acquisition of Norwegian digital bank Sbanken ASA. DNB Bank said in April that it had agreed to buy Sbanken for 11.1 billion...
Former CEO’s acquisition of Reliance Entertainment could fructify by April
The acquisition of Anil Ambani’s Reliance Entertainment by its former chief executive officer Shibasish Sarkar through his new venture International Media Acquisition Corp. is likely to be finalized by March or April...
India Inc records 221 deals worth $9.2 bn in Oct; M&A highest since 2015
India Inc witnessed 221 deals worth $9.2 billion in October, an 11% increase compared to the previous month and double compared to the year-ago period, according to the Grant Thornton Bharat Dealtracker released on...
CCI to meet Amazon, Future Coupons on Jan 4
The Competition Commission of India (CCI) will meet Amazon and Future Coupons Pvt Ltd (FCPL) in January next year in connection with the approval given by the commission to the e-commerce giant’s investment in...
Wingreens Farms raises $17 mn in funding led by Investcorp
Packaged food and beverage company Wingreens Farms Pvt. Ltd, on Monday, said it has raised ₹124 crore (about $17 million) as a part of its equity fundraise led by Investcorp. The round also saw participation from...
Petpooja raises $4.5mn in funding led by Aroa Ventures
Digital service provider to restaurants, Petpooja, on Monday said it has raised $4.5 million (around ₹33.5 crore) as a part of a new funding round led by Aroa Ventures, the family office of Oyo founder Ritesh Agarwal...
VC firm 3one4 Capital raises ₹1,000 crore for its third fund
Early-stage investor 3one4 Capital has raised ₹1,000 crore for its third flagship fund from both domestic and international institutional investors. The fund surpassed its target of ₹750 crore riding on strong investor...
Anarock plans ₹1,000 crore fundraise to buy proptech firms
Real estate services firm Anarock is planning to raise as much as ₹1,000 crore from private equity funds for potential acquisitions of proptech companies, two people aware of the development said. Anarock, founded by...
Future Group fires fresh salvo against Amazon.com Inc
Independent directors of Future Retail Ltd (FRL) have again asked the Competition Commission of India (CCI) to revoke its approval of a 2019 deal between a group company and Amazon.com Inc., alleging that the US retail...
Resurgent Power to acquire 100% stake in a northern transmission project
Resurgent Power Ventures Pte Ltd (Resurgent) has been selected as the lender’s nominee to acquire 100% shareholding in a troubled power transmission project spread across three states of Haryana, Rajasthan and...
Johnson & Johnson plans to split into two companies
US pharmaceutical giant Johnson & Johnson on Friday announced plans to break up into two entities, turning its consumer health arm into a separate company. Johnson & Johnson said in a statement it will separate...
Tata Consumer Products to acquire Tata SmartFoodz for ₹395 crore
Tata Consumer Products Limited (TCPL) has signed definitive agreements to acquire 100% shares of Tata SmartFoodz Limited (TSFL) from Tata Industries Limited for a cash consideration of ₹395 crore. This move is...
