Thai energy firm Banpu Public Co. Ltd has joined the fray to acquire Eversource Capital-backed Radiance Renewables Pvt. Ltd, two people aware of the development said, in a deal having an enterprise value of around $325...
Stonepeak fourth shortlisted bidder to buy O2 Power in $1 billion deal
New York-based alternative investment firm Stonepeak has emerged as the fourth shortlisted bidder to submit a binding offer to buy O2 Power, a renewable energy platform in India. The deal, which may rank among the...
John Malone’s Liberty Broadband Seeks Merger With Charter Cable
Cable billionaire John Malone’s Liberty Broadband Corp. is proposing an all-stock merger with Charter Communications Inc., one of the top pay-TV providers in the US and another of the media investor’s key holdings. In a...
OYO parent Oravel Stays to acquire Motel 6, Studio 6 from Blackstone paying $525 million in an all-cash deal
Oyo’s parent, Oravel Stays, has agreed to acquire American budget hotel chain G6 Hospitality, owner of the “iconic” Motel 6 and Studio 6 brands, from Blackstone Real Estate in a $525 million all-cash deal, PTI...
Infosys eyes space tech sector with strategic investment in GalaxEye
Global IT services giant Infosys announced on September 19 about its plans to invest up to ₹17 crore (approximately $2 million) in space tech startup GalaxEye Space Solutions. The investment, part of the Infosys...
Marketing tech agency Wondrlab acquires second influencer firm OPA
Mumbai-based Wondrlab, a marketing-technology agency, has acquired its second influencer marketing platform OPA. The company, which has raised $13 million from investors, said this is its sixth acquisition and second in...
Temasek set to buy PeakXV’s 20% stake in Cloudnine
Singapore’s Temasek Holdings is close to buying Peak XV’s 18-20% stake in Bengaluru-based Cloudnine Hospitals for around $125 million, three people aware of the development said. The deal, which has been in...
Tupperware files bankruptcy after failed turnaround effort
Tupperware Brands Corp filed for bankruptcy following a years-long struggle with sales declines and growing competition. Tupperware Brands Corp filed for bankruptcy following a years-long struggle with sales declines...
Zee-Sony merger: NCLT recalls approval of $10 billion deal after both parties agree to terminate scheme, settle claims
The Mumbai bench of the National Company Law Tribunal (NCLT) has recalled its order approving the $10 billion merger deal between Zee Entertainment (Zee) and Sony Pictures Networks India (Sony Pictures), PTI reported on...
Vodafone’s UK merger with Three raises competition concerns, regulator says
Vodafone Group’s deal to merge its U.K. business with rival operator Three raises competition concerns, the U.K.’s antitrust authority said, creating uncertainty on a deal poised to shake up the country’s...
ZEE share price rallies over 3% as NCLT approves recall of merger scheme with Sony Pictures, Bangla Entertainment
Zee Entertainment Enterprises Ltd. (ZEEL) share price rallied over 3% on Friday after the company said it received regulatory approval for the recall of merger with Culver Max Entertainment Pvt Ltd (formerly Sony...
NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil and Gas Exploration and Production Ltd., a subsidiary of Essar Group. The proceedings had been initiated...
