Kotak Special Situations Fund (KSSF) – managed by Kotak InvestmentAdvisors Limited (KIAL), today announced that it has invested ₹250 crore in Sanjaya Mariwala’Kotak Special Situation Fund Invests ₹250 crore in Sanjaya...
SC bars NCLT from giving approval to Future Retail-Reliance Industries deal
The Supreme Court on Monday restrained theNational Company Law Tribunal (NCLT) from approving the ₹24,713-crore deal between Kishore Biyani’s Future Retail Ltd (FRL) and Reliance Industries Ltd (RIL) after Amazon.com...
Goodyear to buy Cooper Tire for $2.8 billion, nearly doubling China presence
Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co in a $2.8 billion deal to beef up its portfolio in the high-margin light truck and SUV segments and strengthen its presence in North America...
LVMH’s Moet Hennessy buys 50% of Jay-Z’s champagne brand Armand de Brignac
LVMH’s Moet Hennessy has bought a 50% stake in Armand de Brignac, a Champagne producer owned by rapper Jay-Z, another sign of a close relationship between the luxury industry and hip-hop culture. No financial terms were...
TPG-backed Dolda Dairy files DRHP with SEBI
Dodla Dairy Ltd has filed a draft red herring prospectus with the Securities Exchange Board of India to raise funds via an initial public offering. The main business of the company is the sale of milk and dairy-based...
Vedantu acquires doubt-solving platform Instasolv
Online tutoring firm Vedantu has acquired doubt-solving app Instasolv. This was the edtech startup’s first acquisition as its peers continue to scout for strategic buyouts after raising multiple rounds of funding in...
Kinara Capital secures $10 million in funding from IndusInd Bank
Kinara Capital on Monday said it has secured $10 million in funding from IndusInd Bank, with a 100% guarantee from the US International Development Finance Corporation (DFC). “This is part of a debt and equity round of...
Post deleveraging, Reliance has upper hand in Aramco deal talks
In 2020, Reliance Industries Ltd (RIL) set deal street on fire with large stake sales in its telecom and retail businesses and a rights issue. A news report now suggests that fundraising and deleveraging will continue...
Billionaire Nassef Sawiris said to back $4.7 billion Signature Aviation takeover
Egyptian billionaire Nassef Sawiris plans to accept a sweetened $4.7 billion takeover offer for private-jet company Signature Aviation Plc, according to people familiar with the discussions. NNS, the investment vehicle...
PSU strategic sale: Govt makes security clearance mandatory for all bidders
The government has tweaked the guidelines for strategic disinvestment, making security clearance mandatory for all bidders who put in price bids for buying a central public sector enterprise (CPSE). Now, financial bid...
GIP looks at Vector Green InvIT to raise $100 million
US-based Global Infrastructure Partners (GIP) is exploring an infrastructure investment trust (InvIT) for its Indian green energy platform, Vector Green Energy, to raise around $100 million in equity, two people aware...
Leverage Edu closes ₹47 crore fund-raise led by Tomorrow Capital
Leverage Ed-tech Pvt Ltd, which operates LeverageEdu.com, UniValley.com, Ivy100.com and virtual fair platform UniConnect, has completed its Series A fund-raise of ₹47 crore in led by Tomorrow Capital, it said Thursday...
