SoftBank Group Corp.’s Vision Fund sold about $2 billion in Uber Technologies Inc. stock, cashing in after an increase in the ride-hailing giant’s shares. An affiliate of the investment fund called SB Cayman 2 sold 38...
Sterlite Power raises ₹200 cr from Allianz Global Investors
Sterlite Power has raised ₹200 crore in debt financing from Allianz Global Investors (Allianz GI), a global investment manager focussing on sustainable investments. The transaction is among the first infrastructure...
Vedanta Resources launches open offer to acquire 10% stake in Indian unit
After a failed delisting and buying shares in bulk deals, Anil Agarwal-led Vedanta Resources Plc has launched a voluntary open offer to acquire up to 10 per cent stake in flagship Indian firm Vedanta Ltd. The parent has...
Cognizant to acquire Sydney-based Servian to enhance digital portfolio
Cognizant Technology Solutions Corp. on Monday said it has entered an agreement to acquire Servian, a Sydney, Australia-based, privately-held enterprise transformation consultancy specializing in data analytics...
Kishore Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute
India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block...
Disinvestments miss target amid fundraising boom
Indian disinvestment plans have largely been a case of over-promising and under-delivering, with the fundraising target met only twice in the past 12 years. Even so, this year’s miss marks a new low. The government has...
Jumbotail raises $14.2 million, completing its $25 million fund raise
Jumbotail, an online wholesale marketplace for food and grocery products, has raised $14.2 million in its latest round of funding. This round comes in quick succession after a $11 million Series B2 round raised in...
Crypto exchange Bakkt nears merger with Victory Park SPAC
Bakkt, the cryptocurrency platform majority-owned by Intercontinental Exchange Inc., is in advanced talks to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, according to people with...
TVS Capital raises nearly ₹2,000 cr for third PE fund
TVS Capital Funds, the private equity fund manager backed by the TVS and Shriram groups, has raised nearly ₹2,000 crore for the final close of its third private equity fund, TVS Shriram Growth Fund 3, a senior executive...
Biocon Biologics receives ₹555 Cr Capital Injection from ADQ
Biocon Ltd on Thursday said that the board of its subsidiary Biocon Biologics Ltd had approved a primary equity investment of ₹555 crore by Abu Dhabi based ADQ. Biocon Biologics is a fully integrated ‘pure play’...
IT firm Atos makes bid to buy DXC Technology for $10 billion: Report
French IT consulting group Atos SE has made a takeover approach to buy US rival DXC Technology and values the NYSE-listed business at more than $10 billion, two sources with knowledge of the matter told Reuters. Atos is...
TCS buyback: Tata Sons sells shares worth ₹10,000 crore
Tata Sons Pvt Ltd, the holding company of salt-to-software conglomerate Tata Group, has raised about ₹10,000 crore from selling close to 1 per cent holding in Tata Consultancy Services (TCS) in the IT firm’s...
