Global alternative asset investor Oaktree Capital Management has emerged as the highest bidder for bankrupt Dewan Housing Finance Corp. Ltd (DHFL), beating Adani Enterprises Ltd and Piramal Group, two people aware of...
Adidas to decide whether to sell its underperforming brand Reebok
Adidas AG has begun a review of whether to sell its underperforming Reebok brand, part of the development of the German sportswear maker’s new five-year strategy. Adidas said Monday it will announce a decision on March...
Malaysia’s Khazanah picks up ₹340 cr stake in TransUnion CIBIL from India Alt
Homegrown private equity firm India Alternatives on Monday said that it has sold part of its stake in TransUnion CIBIL Ltd (TUCIBIL) to Malaysian sovereign wealth fund Khazanah Nasional Berhad, for ₹340 crore, scoring a...
Employee group, Interups Inc to bid for Air India
A section of Air India Ltd’s employees along with New York-based company Interups Inc. will be placing an expression of interest (EoI) for the divestment-bound national carrier, ahead of the deadline for the bid...
AstraZeneca to buy Alexion for $39 billion in cash and shares
AstraZeneca Plc said it will buy Alexion Pharmaceuticals Inc. in a cash and share offer worth $39 billion, adding a specialist in the development of treatments for rare diseases and immunology. The offer values Alexion...
Yes Bank sells 2.56% stake in Coffee Day group-owned Sical Logistics
Yes Bank on Friday said it has sold 15 lakh equity shares, equivalent to 2.56 per cent stake in Sical Logistics. Yes Bank has sold 15,00,000 equity shares having a nominal value of ₹10 each, constituting 2.56 per cent...
Multiples Private Equity sells 2.17% stake in PVR for ₹176 crore
Renuka Ramnath-led private equity firm Multiples Private Equity sold 12 lakh shares or 2.17% of PVR Ltd for ₹176 crore in an open market transaction. According to bulk deal data on BSE, Multiples Private Equity Fund and...
Blackstone set to buy Piramal Glass for $1 billion
Private equity giant Blackstone has agreed to acquire Piramal Glass, the glass packaging business of the diversified Piramal Group, at an enterprise value of $1 billion, said three people with direct knowledge of the...
Tata rejects Mistry’s share-swap exit plan
The Tata group spurned the Mistry family’s offer to swap its stake in Tata Sons Ltd for shares in the group’s listed companies, terming the separation plan as nonsense. “It’s nonsense. I’m opposing it,” Tata Sons’...
Govt offers shorter lock-in, lower net worth to sell Pawan Hans stake
The finance ministry has sweetened the terms to sell helicopter operator Pawan Hans in its fourth attempt, reducing minimum net worth for potential bidders and the lock-in period of investment, and allowing the...
Sony to buy US anime giant Crunchyroll for $1.17 billion
Japan’s Sony said Thursday it has agreed to buy US anime streaming giant Crunchyroll, which has more than three million paying subscribers, in a deal worth $1.17 billion. By purchasing the anime, games and manga...
Wipro Infrastructure to acquire industrial automation firm PARI
Wipro Infrastructure Engineering said on Thursday it has signed a definitive agreement to acquire Precision Automation and Robotics India (PARI). Financial details of the deal were not disclosed. “The combined...
