Novartis AG’s Sandoz family is poised to sell a roughly 1.2% stake in the Swiss pharmaceutical group. The Sandoz Family Foundation, through the vehicle Emasan AG, is offering 26.5 million shares via an accelerated...
Motilal Oswal PE arm buys majority stake in bulk drug maker Megafine for ₹460 crore
The alternative investment arm of Motilal Oswal Financial Services Ltd has acquired a majority stake in export-focused bulk drug maker Megafine Pharma Ltd for ₹460 crore, betting on its growth as global companies look...
Felix Pharmaceuticals seeks $200-250mn for controlling stake in pet drug subsidiary, Felix Generics, amid booming market
Felix Pharmaceuticals is looking to sell a controlling stake in its subsidiary, Felix Generics, which makes veterinary drugs for ‘companion pets’ such as dogs and cats, three people with knowledge of the development...
GoodGlamm in talks to sell ScoopWhoop to WLDD
Indian meme marketing startup Wubba Lubba Dub Dub (WLDD) is in talks to acquire ScoopWhoop from troubled content-to-commerce firm Good Glamm Group. The proposed sale of ScoopWhoop comes a week after the Prosus-backed...
NCLT admits Aviom India Housing Finance into bankruptcy on RBI’s plea
The Delhi insolvency court on Thursday admitted Aviom India Housing Finance Pvt. Ltd into bankruptcy and liquidation proceedings following a plea by the Reserve Bank of India (RBI). RBI had moved the National Company...
Burman family acquires controlling stake in Religare Enterprises after ₹2,116-crore open offer
The Burman family acquired a controlling stake in Religare Enterprises Limited (REL) on Thursday, February 20, after the completion of the open offer and is designated as its promoters. Its shareholding post the...
San Francisco 49ers Weigh Stake Sale at $9 Billion Valuation
The San Francisco 49ers are exploring selling a 10% stake at a valuation of more than $9 billion, according to people familiar with the matter, potentially making it one of the world’s most expensive sports teams. It’s...
Evergrande Unit Tianji Ordered to Liquidate by HK Court
A key unit of China Evergrande Group was ordered by a Hong Kong court to liquidate, the latest legal win for liquidators trying to access assets of the world’s most indebted developer. Tianji Holding Ltd. is the second...
Conmat Group reclaims its 51% stake as Japan’s KYB Corp exits JV
KYB Corp., a Japanese behemoth in concrete equipment, has exited its 51% stake in the joint venture with Premraj Keshyep-led Conmat Group, which has reclaimed it, the companies said in a statement on Monday. The joint...
AGI Greenpac seeks review of SC order quashing acquisition of bankrupt HNGIL
Sanitary ware and glass container maker AGI Greenpac has sought a review of the Supreme Court’s January ruling that quashed the approval of AGI’s resolution plan for the bankrupt Hindusthan National Glass &...
ITC in talks to acquire MTR , Eastern for $1.4 billion
ITC Ltd is in early discussions with Norway’s Orkla ASA to acquire its Indian businesses MTR Foods Pvt. Ltd and Eastern Condiments Pvt. Ltd for about $1.4 billion, two people aware of the talks said, as the...
Three global PE firms vie to buy Hyderabad’s Gland Pharma from its Chinese owner
Global private equity firms Blackstone, Brookfield and Warburg Pincus are in talks to acquire a majority stake in Hyderabad-based Gland Pharma Ltd from China’s Shanghai Fosun Pharmaceutical Co. Ltd in a deal expected to...
