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...
I Squared, JSW Neo and Macquarie shortlisted to buy O2 Power in $1-billion deal
New York-based private equity firm I Squared Capital, JSW Neo Energy, a subsidiary of India’s JSW Group, and Macquarie Group, one of the largest foreign infrastructure investors in the country, have been...
Global deals worth more than ₹2,000 crore under CCI lens from Tuesday
The Competition Commission of India (CCI) notified on Monday that global mergers and acquisitions (M&As) involving digital entities where the deal value is more than ₹2,000 crore and including companies with...
Competitive dynamics in focus as US tries to stop Tapestry-Capri merger
The U.S. Federal Trade Commission urged a federal judge in New York to block Tapestry’s $8.5 billion merger with rival handbag maker Capri Holdings at a trial on Monday, arguing it will eliminate fierce head-to...
