India Business Excellence Fund–III, managed and advised by Motilal Oswal Private Equity (MOPE), has invested $25 million in a minority stake in Fincare Small Finance Bank (SFB) through a secondary acquisition. Fincare...
Yes Bank explores bid for Citi’s retail assets in India
Private lender Yes Bank is exploring a potential bid for the Indian retail assets of Citibank, joining a list of suitors eyeing the local operations of the foreign bank that is partially exiting 13 countries. Yes Bank...
M&M to increase stake in Meru to 100%, Pravin Shah to take over as new CEO
Mahindra and Mahindra Ltd (M&M) said that it has agreed to buy the shares it didn’t already own in Meru Travel Solutions Pvt. Ltd (Meru) from existing shareholders. This would take M&M’s stake in Meru to 100%...
CarTrade set to file IPO papers, to raise up to ₹2,000 crore
A host of technology companies are lining up to float their initial public offerings. After Zomato’s ₹8,250- crore public offer, auto classifieds platform CarTrade is now set to file its draft prospectus, said two...
Nestle buys vitamin brands from KKR for $5.75 billion
Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle...
Verizon explores sale of media assets, including parts of Yahoo and AOL
Verizon Communications Inc. is exploring a sale of assets including Yahoo and AOL, as the telecommunications giant looks to exit an expensive and unsuccessful bet on digital media. The sales process, which includes...
IFC to invest $40 million in Upgrad; promoters pare stake to 75%
Online up-skilling platform Upgrad has concluded another funding round of USD 40 million (about ₹290 crore) from the World Bank arm IFC, bringing down the promoters’ holding in the firm to 75 per cent. It had...
Reliance, Saudi Aramco discuss cash and share stake deal: Report
Billionaire Mukesh Ambani’s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in...
Morepen board okays $100 million investment by Switzerland-based Corinth Group
Morepen Laboratories Ltd on Wednesday said its board has approved $32.50 million investment in the firm by Switzerland-based Corinth Group, out of a total of $100 million investment by the private investment firm. The...
Eutelsat Communications invests $550 million in OneWeb
Paris-based Eutelsat Communications has invested $550 million in OneWeb, a broadband satellite communications company acquired by a consortium of investors comprising the UK government and Sunil Mittal-led Bharti Global...
Dental software startup CareStack raises $22.5 Million in funding
Thiruvananthapuram and Florida-based cloud dental software startup, CareStack on Tuesday said that it has raised $22.5 million from Steadview Capital, Delta Dental of California, Accel Partners, Eight Roads and F-Prime...
JSPL sells entire stake in Jindal Power to Worldone for ₹3,015 crore
The Board of Jindal Steel and Power Limited approved the divestment of its entire equity stake in Jindal Power Limited by selling its shares to Worldone Private. The deal was finalised at an all-cash transaction...
