Adani Group and Gateway Distriparks Ltd on Monday informed stock exchanges that they have settled a dispute regarding the sale of controlling stake in cold chain logistics company Snowman Logistics Ltd, owned by Gateway...
Uber, Postmates agree on $2.65 billion all-stock deal
Uber Technologies Inc.’s board of directors has approved a $2.65 billion acquisition of food delivery rival Postmates Inc. in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according...
BillDesk plans to sell-off business for $2.5 billion
Domestic payment gateway BillDesk is once again in the market looking for buyers after its promoters attempted to sell it unsuccessfully two years ago. This time around, all the BillDesk promoters are trying to sell-off...
Affle India to acquire 8% stake in smartphone operating system Indus OS
Mobile advertising company Affle on Thursday said it will acquire 8 per cent stake in smartphone operating system firm Indus OS. “Affle (India) Ltd through its subsidiaries announced the signing of a definitive...
Pine Labs eyes Wirecard unit
Pine Labs, the Indian payments company backed by Sequoia Capital and Mastercard Inc., is considering a bid for fallen fintech star Wirecard AG’s businesses in Southeast Asia and India, according to people familiar with...
Indiabulls Housing Finance gets ₹2,200 cr lifeline from Oaktree
Indiabulls Housing Finance Ltd (IBHFL) has raised ₹2,200 crore from Oaktree Capital by pledging a part of its real estate loans to the global stressed assets investor, two people directly aware of the transaction said...
Daimler seeks to sell french car plant in cost-cutting drive
Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of the coronavirus pandemic. The move to unload the home of...
Govt to focus on strategic stake sales to meet disinvestment target: DIPAM
The government will focus on strategic stake sales to meet the ₹1.20 trillion CPSE disinvestment target in the current fiscal, DIPAM Secretary Tuhin Kanta Pandey said on Friday. The government has already invited bids...
Intel Capital invests ₹1,894 crore in Jio Platforms
Reliance Industries Limited and Jio Platforms Limited announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore...
‘M&A opportunities will remain irrespective of liquidity crunch’
There will be opportunities for consolidation in the energy sector, especially for companies with deep pockets and a long-term view, amid the liquidity crunch caused by the covid-19 pandemic, said Ashish Khanna, Tata...
Motherson Sumi announces new organizational restructuring, wiring business to become separate entity
Motherson Sumi Systems Ltd – India’s largest automotive component manufacturer – on Tuesday announced a new corporate structure, wherein the domestic wiring harness business will be demerged into a separate entity...
KKR to acquire controlling stake in JB Chemicals
J.B. Chemicals products include in the areas of cardiac, gastrointestinal and anti-infective therapeutic across the branded formulations market. The company’s portfolio includes four flagship brands in India, Cilacar...
