Ride-hailing major Ola is in advanced talks with tech giant Microsoft to raise about $150-200 million (about ₹1,050-1,400 crore) in funding, according to sources. The discussions are at an advanced stage and likely to...
Shriram Capital may merge two listed arms with self
Financier Shriram Capital Ltd plans to merge two of its listed units with itself to help investors Piramal Enterprises Ltd and TPG Capital to easily sell their stakes in Shriram Group companies. The plan entails merging...
Karvy Fintech to buy back shares of ₹92 crore from General Atlantic
Private equity firm General Atlantic will sell some of the shares that it holds in Karvy Fintech in the company’s upcoming share buyback, two people aware of the development said. Karvy Fintech offers end-to-end...
Louis Vuitton owner offers $14.5 billion for jeweller Tiffany
LVMH has offered $14.5 billion for jeweller Tiffany & Co. in a bid that could result in Chairman Bernard Arnault’s biggest ever takeover and expand the Louis Vuitton owner’s reach into the US. Tiffany said it...
Hotel Leelaventure completes sale of assets to Brookfield
Hospitality firm Hotel Leelaventure Ltd on Tuesday said it has completed sale of its hotel properties and operations to Canada-based Brookfield Asset Management Inc. The Rs3,950 crore deal also marks the entry of...
Bharti Infratel, Indus Towers merger faces govt clearance delays
The proposed merger between Bharti Infratel Ltd and Indus Towers Ltd cannot be completed by 24 October as the company is still awaiting a key government approval, Bharti Infratel chairman Akhil Gupta said, adding that a...
Fashion rental, styling platform Stage3 raises $2 million
Stage3, a fashion-rental and styling platform, on Wednesday said it has raised $2 million in a Pre-Series A funding round. The funding round was led by Blume Ventures, and highlighted the strong interest of investors in...
Manjushree plans to fast track growth via M&A
Private equity firm Advent International-backed Manjushree Technopack Ltd has outlined a strategy to increase sales through acquisitions, a senior executive said. In October 2018, Advent International acquired a...
B2B firm Zetwerk in talks to raise $35 million
Zetwerk, a business-to-business marketplace for custom manufacturing, is in talks to raise $35 million as part of its series B equity financing round, led by venture capital firms Lightspeed Venture Partners and...
Global energy giants line up for BPCL sale
Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the...
Infrastructure focused Sadbhav to merge it’s listed EPC and BOT businesses
Infrastructure focused Sadbhav group is merging its two listed entities Sadbhav Engineering Ltd, the flagship EPC services business and its listed subsidiary Sadbhav Infrastructure Projects Ltd, which builds and owns...
Delta Corp climbs 7% as DMart owner Radhakishan S. Damani buys stake
Shares of Delta Corp Ltd rallied more than 7% intraday on Friday after ace investor Radhakishan S. Damani, who owns the retail supermarket chain of stores DMart, bought 1.53% stake in the gaming and casino operating...
