Adding to a spate of private equity (PE) investments in the Indian pharma sector this year, PE firm Advent International on Thursday said it has signed a definitive agreement to acquire a controlling stake in RA Chem...
SoftBank to buy back up to 12.3% of shares for $9.6 billion
SoftBank Group Corp. said it plans to buy back as much as 12.3% of its shares for 1 trillion yen ($9.6 billion), adding to a repurchase program that has helped lift its shares this year. The Tokyo-based company said the...
Warburg Pincus sells AU Small Finance Bank stake worth ₹517 crore
Private equity investor Warburg Pincus on Thursday sold 2.26% stake in AU Small Finance Bank for ₹516.74 crore, through open market transactions. The block deal data available with the BSE showed that Redwood Investment...
Hero Electric partners with Autovert Tech for subscription-based financing plans
Hero Electric on Thursday said it has partnered with fintech start-up Autovert Technologies for subscription-based financing plans for its electric two-wheelers. Under the partnership, Hero Electric customers can avail...
Adani Ports SEZ raises $750 million through an offshore bond issue
Billionaire Gautam Adani-controlled Adani Ports and Special Economic Zone (SEZ) Ltd on Wednesday launched an offshore bond offering, raising as much as $750 million. This is the third and the largest offshore bond deal...
ByteDance investors value TikTok at $50 bn in takeover bid: Sources
Some investors of TikTok’s parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc, according to people...
Sequoia-backed Hevo raises $8 million in Series A funding
Data platform for enterprises Hevo has raised $8 million as a part of its Series A funding round, led by Singapore-based venture capital firm Qualgro along with Lachy Groom, a former executive of global online payments...
ICICI Lombard in talks to acquire Bharti AXA General Insurance
ICICI Lombard General Insurance has initiated talks to acquire Bharti Enterprises backed Bharti AXA General Insurance in all stock transaction, according to sources. Bharti Enterprises currently owns 51% stake in Bharti...
Taro Pharma to acquire Canada’s Aquinox Pharmaceutical for $8.2 million
Drug major Sun Pharma on Wednesday said a subsidiary of its American arm Taro Pharmaceutical will acquire Canada’s Aquinox Pharmaceutical for $8.2 million (approx Rs61.35 crore) in cash. Aquinox Pharmaceuticals is...
Credit Suisse to merge investment bank and trading in revamp
Credit Suisse Group AG is set to announce a sweeping overhaul of its business as Chief Executive Officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank. The Swiss lender...
Qatar eyes $1.5 bn stake in JioFiber
Sovereign fund Qatar Investment Authority (QIA) is in advanced talks with Reliance Industries Ltd to invest around $1.5 billion (about ₹11,200 crore) in an infrastructure investment trust (InvIT) that holds the...
KKR looks to merge NBFC arm with InCred
Private equity firm KKR is looking to merge its wholesale non-bank lending business with Mumbai-based InCred’s retail franchise and will invest in InCred as part of the deal, two people aware of the matter said. The...
