Blockchain payment firm Ripple will end partnership with money transfer services company MoneyGram International Inc, the companies said on Monday. They did not specify the reason behind the decision to terminate the...
Vedanta, Meil, Great Eastern, others vie for Shipping Corp
Vedanta Resources Ltd, Megha Engineering and Infrastructure Ltd (Meil), and Great Eastern Shipping have submitted expressions of interest (EoIs) for buying out the government’s 63.75% stake in Shipping Corp. of...
Agnelli family buys $642 mn stake in Christian Louboutin as it expands to luxury
The Agnelli family, owners of Italian icons Ferrari and Juventus football club, has bought a 24 percent stake in French high-fashion brand Christian Louboutin, famous for its red-soled footwear. According to a joint...
Health chain Aster plans $400 mn bond sale, India expansion
Aster DM Healthcare Ltd., a Dubai-based operator of hospitals and pharmacies that’s expanding across India, is revisiting a potential sale of dollar bonds after pushing back a planned issuance last year. Aster, which...
Employee consortium bid for Air India fails to make the cut
A consortium of Air India employees that placed an expression of interest (EoI) in the privatization of the national carrier has failed to qualify for the next round. Meenakshi Mallik, the airline’s commercial director...
Blackstone is said to call off Mphasis stake sale on valuations
Blackstone Group Inc. has shelved a planned sale of its majority stake in Indian IT outsourcing services provider Mphasis Ltd. over valuations, according to a person familiar with the matter. The private equity firm...
GE nears deal to combine aircraft-leasing unit with AerCap: report
General Electric Co is nearing a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, the Wall Street Journal reported on Sunday citing people familiar with the matter...
Birla Sun Life plans to raise ₹5,000 crore from share sale
Aditya Birla Group plans to take its asset management business public through a ₹5,000 crore initial public offering to raise funds for expansion, three people with direct knowledge of the matter said. Aditya Birla Sun...
Warburg Pincus to invest in Adani Ports
Windy Lakeside Investment Ltd, an affiliate of private equity firm Warburg Pincus, will invest ₹800 crore in India’s largest private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake in...
PVR to invest up to ₹150 crore in cinemas
Multiplex chain PVR Ltd plans to invest between ₹100 crore and ₹150 crore in setting up properties in the coming year, despite the losses of the pandemic and the struggle of the cinema exhibition industry in getting...
Optiemus Infracom completes ₹285 crore asset sale, plans to focus on mobile manufacturing
Optiemus Infracom, an electronics contract manufacturer on Friday announced completion of sale of one of its real estate assets in Noida for ₹285 crore. “…this is to inform you that after obtaining approvals...
IndiGrid to buy 100% stake in NER II from Sterlite Power for ₹4,625 crore
Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for about ₹4,625 crore. The completion of acquisition would depend upon receipt of...
