UBS Principal Capital Asia Ltd on Friday sold nearly 40 lakh shares of IndusInd Bank Ltd worth over ₹366 crore through an open market transaction. As per the data available on the BSE, UBS Principal Capital Asia...
Warburg Pincus to buy HDFC’s Good Host Spaces stake
A Warburg Pincus affiliate is set to buy mortgage financier HDFC Ltd’s stake in Goldman Sachs Group Inc.-backed student housing startup Good Host Spaces Pvt. Ltd., said a person familiar with the development. In a...
Morgan Stanley fund invests $25 mn in LEAP India
Morgan Stanley and LEAP (Leading Enterprise in Advanced Pooling) today announced that Morgan Stanley India Infrastructure, an infrastructure-focused fund on Thursday said that it has invested Rs180 crore ($25 Million)...
India still hopes oil majors will join race for Bharat Petroleum sale
India expects global oil majors to team up with investment funds that are already in the race for the nation’s biggest asset sale — state-owned refiner Bharat Petroleum Corp. “When the price bidding comes up, I am...
Govt plans to sell TCL stake for ₹8,000 cr
The government will sell its remaining 26.12% stake in Tata Communications Ltd (TCL), a small part to stock market investors through an offer for sale (OFS) and the bulk to majority owner Tatas, aiming to raise...
Piramal to delist DHFL, wiping out shareholders post-takeover
Thousands of shareholders of Dewan Housing Finance Corp. Ltd (DHFL) are set to be wiped out as Piramal Group, which won a bidding war for the bankrupt mortgage lender, is set to delist the shares of the home financier...
Flipkart-ABFRL deal gets CCI nod
The Competition Commission of India (CCI) on Wednesday approved the ₹1,500-crore Flipkart-Aditya Birla Fashion and Retail Ltd (ABFRL) deal, which will help the Walmart Inc.-owned e-tailer consolidate its position in the...
AI-startup AlphaICs raises $8 million in Series B funding
Artificial Intelligence (AI)-based technology company AlphaICs on Wednesday said that it has secured $8 million in Series B equity funding led by Endiya Partners and Emerald Technology Ventures. Existing investors...
UK gets in on global M&A surge
The U.K. is finally joining the global resurgence in mergers and acquisitions. Pinned down by a brutal Covid-19 outbreak and the worst economic contraction in 300 years, U.K. merger activity slumped in the early summer...
Salesforce invests $15 million in HR tech platform Darwinbox
Salesforce Inc. has invested $15 million in Darwinbox, an enterprise human resources (HR) technology platform, via its investment arm Salesforce Ventures. This is the first investment by Salesforce in an Indian venture...
German footwear brand Birkenstock partners with Seva Group to enter India
Premium German footwear brand Birkenstock has entered the country through a partnership with Seva Group with its maiden retail store in the megapolis. Seva Group, which is into automotive retail, entered consumer...
Govt extends bid deadline for Pawan Hans by a month to Feb 18
The government has extended the preliminary bid submission deadline for buying Pawan Hans by a month till February 18. The Department of Investment and Public Asset Management (DIPAM) had in December invited bids for...
