SoftBank Group Corp. and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing LLC, according to people familiar with the matter. Ampere, the Oracle Corp.-backed semiconductor designer, has drawn...
Allcargo looks to unlock value in Gati, taps Avendus for PE raise
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said. The company has hired investment bank Avendus...
Ligado files for bankruptcy after stalled wireless expansion
Wireless network company Ligado Networks LLC filed for bankruptcy in Delaware late on Sunday, seeking to cut $7.8 billion in debt after U.S. government agencies blocked its planned expansion into land-based 5G wireless...
HUL in talks to acquire skincare brand Minimalist in ₹3,000 crore deal: Report
Hindustan Unilever Limited (HUL) may acquire Jaipur-based skincare brand Minimalist, backed by Peak XV Partners, in a ₹3,000 crore ($350 million) deal, according to reports. If the deal is finalised, Minimalist’s...
China’s Alibaba to offload Sun Art stake to DCP for $1.6 billion
China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58...
SBI Life picks up 10% stake in Bima Sugam India Federation
SBI Life on Monday said its board has approved picking up of 10 per cent stake in Bima Sugam India Federation for ₹6.6 crore. Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to...
RBL Bank divests entire 8.16% stake via OFS in DAM Capital after IPO for ₹163 crore
RBL Bank has divested its entire 8.16 per cent stake in DAM Capital Advisors through an offer for sale (OFS) during the investment bank’s initial public offering (IPO), raising ₹163.32 crore. RBL Bank said in a...
Hisense in talks with contract manufacturer Epack Durable to pick minority stake
Hisense Group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer (OEM). In a...
KKR and Bain each bid more than $5 bln for Seven
Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to people familiar with the matter. KKR offered...
Weaver Services in talks to raise ₹1,000 crore from Premji Invest, Paragon Partners
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the...
Oyo buys US-based G6 Hospitality from Blackstone for $525 mn, adds 1,500 hotels
Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its...
Celebrity-Backed Nail Salon Glosslab Files Bankruptcy
Glosslab LLC, a New York City-based nail salon chain that experimented with a membership-based business model and attracted celebrity investors, has filed for bankruptcy. The company and its corporate affiliates sought...
