RBL Bank has divested its entire 8.16 per cent stake in DAM Capital Advisors through an offer for sale (OFS) during the investment bank’s initial public offering (IPO), raising ₹163.32 crore. RBL Bank said in a...
Hisense in talks with contract manufacturer Epack Durable to pick minority stake
Hisense Group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer (OEM). In a...
KKR and Bain each bid more than $5 bln for Seven
Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to people familiar with the matter. KKR offered...
Weaver Services in talks to raise ₹1,000 crore from Premji Invest, Paragon Partners
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the...
Oyo buys US-based G6 Hospitality from Blackstone for $525 mn, adds 1,500 hotels
Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its...
Celebrity-Backed Nail Salon Glosslab Files Bankruptcy
Glosslab LLC, a New York City-based nail salon chain that experimented with a membership-based business model and attracted celebrity investors, has filed for bankruptcy. The company and its corporate affiliates sought...
TVS Credit to make a bid for Avendus Capital
TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group’s financial services business, three people with knowledge of the development said. The...
MIAL moves NCLT seeking clarity on Jet Airways’ aircraft sale to Ace Aviation
Mumbai International Airport Limited (MIAL), owned by the Adani group, has approached the National Company Law Tribunal (NCLT) in Mumbai seeking clarification on the validity of selling Jet Airways’ three grounded...
Pan Brothers Closes In on $537 Million Debt Restructuring
Distressed textile giant PT Pan Brothers is closing in on its debt restructuring after seven months of negotiation with creditors, according to people familiar with the matter, as it works to avoid becoming the second...
Japanese M&A interest makes a strong comeback in 2024
Top Japanese conglomerates and investment firms are ploughing money into India, putting unsavoury episodes of the past behind them. While Japan’s SoftBank has been investing in Indian startups for years, the...
HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report
HDFC Bank has resumed discussions with the Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) for a sizeable stake sale in its subsidiary HDB Financial ahead of its initial public offering (IPO)...
Hinduja Group to close RCap deal by end January: A.P. Hinduja
The Hinduja Group expects to complete the ₹9,861 crore acquisition of Reliance Capital by the end of January, nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan for the bankrupt lender...
