Marengo Asia Healthcare, the hospital platform backed by Samara Capital and the family offices of the Havells and Godrej groups, is seeking to raise ₹400-500 crore, with LeapFrog Investments, International Finance...
Mint
LIC raises stake in Central Bank of India to over 6% amid government OFS move
State-owned insurer Life Insurance Corporation of India has increased its stake in Central Bank of India to 6.06% from 3.16% earlier, following a fresh market purchase of shares. In an exchange filing, the Central Bank...
PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies said in a statement...
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Bharti Airtel Ltd plans to raise its stake in Airtel Africa Plc to as much as 90% over the coming years, chairman Sunil Bharti Mittal said on Thursday, outlining a long-term capital allocation and ownership roadmap as...
‘Neither credible nor attractive’: eBay turns down $56 billion takeover bid from GameStop
eBay on Tuesday turned down a $56 billion takeover offer from GameStop, citing concerns about how the deal would be financed, while reaffirming confidence in its ongoing turnaround strategy that has helped drive growth...
Actis restarts Nxt-Infra sale process, appoints Ambit
General Atlantic-owned infrastructure investor Actis LLP is looking to cash out, fully or partly, from its listed Indian roads platform Nxt-Infra Trust, two people aware of the matter told Mint. “Actis is prepared to...
FMC to sell India business to Crystal Crop for $252 million
US-based FMC Corporation, a global agricultural sciences company, on Thursday said it has signed an agreement to sell its India commercial business to IPO-bound Crystal Crop Protection Ltd, a crop solutions company in...
GameStop makes staggering $55.5 billion play to acquire online auction giant eBay
Video game retailer GameStop has proposed to buy e-commerce giant eBay for $55.5 billion. The proposed deal values eBay at $125.00 per share, representing a 20% premium over eBay’s closing price on Friday...
TMX Group to acquire Cboe Global’s Australian and Canadian operations for $300 million
TMX Group on Wednesday reached an agreement to acquire the Australian and Canadian operations of Cboe Global Markets for $300 million. This strategic move significantly broadens the reach of the Toronto Stock Exchange...
JAL insolvency case: Lenders flag ‘leak’ that may have aided Vedanta bid
In a fresh twist in the insolvency proceedings of Jaiprakash Associates Ltd (JAL), the Committee of Creditors (CoC) on Monday told the appellate tribunal that a possible information leak may have prompted Vedanta Ltd to...
Everstone invests $270 million in Apothecon Group for a significant stake
Singapore-based private equity firm Everstone Capital will invest close to $270 million for a significant stake in Apothecon Group, which includes India-based Apothecon and US-based Navinta, it said in a statement on...
Vedanta alleges Jaiprakash bid process was ‘tailor-made’ for Adani despite its higher offer
Billionaire Anil Agarwal-led Vedanta Ltd told the bankruptcy tribunal that the bidding process in the Jaiprakash Associates Ltd insolvency case was “tailor-made” by lenders to favour the Adani Group. Vedanta’s counsel...
