Elon Musk’s SpaceX and artificial intelligence startup xAI are in discussions over a potential merger ahead of a planned public offering later this year, Reuters reported citing a person familiar with the matter and two...
Coforge sweetens India’s largest IT deal after shareholder pushback
Coforge Ltd’s public shareholders rejected the firm’s decision to give private equity giant Advent International the right to nominate members on the board’s audit, nomination, and remuneration panels, forcing the Noida...
ONGC to offload stake in petchem arm OPal, eyes global investors
State-run Oil and Natural Gas Corp. plans to come up with a global tender for selling stake in its petrochemical subsidiary, according to a top executive. ONGC Petro additions (OPaL) has “become our subsidiary, and we...
Zydus Lifesciences eyes acquisition of US firm Ardelyx for $2.5 billion
Ahmedabad-based Zydus Lifesciences is evaluating acquisition of a majority stake in US-based Ardelyx Inc., with the deal likely to be valued at $2.2–2.5 billion, two people aware of the development told Mint. The...
Blackstone Said to Weigh $5 Billion-Plus Sale of Beacon Offshore
Blackstone Inc. is in the early stages of weighing a sale of Beacon Offshore Energy, a Gulf of Mexico driller it’s owned for about a decade that could fetch more than $5 billion, according to people familiar with the...
State Street to buy 23% stake in Groww Mutual Fund for ₹580 crore
State Street, the world’s fourth-largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww. The transaction involves...
The Gentari stake sale gets cracking. Will Actis, Macquarie and Sembcorp bid?
Global private equity firms Macquarie, Actis, Sembcorp and strategic investors such as Serentica Renewables and JSW Group are evaluating bidding for a 50% stake in Malaysian energy firm Gentari’s India business, three...
Banijay, owner of Big Brother franchise, and All3Media in talks to merge TV production businesses: Report
French media production company Banijay Group, widely known for owning the “Big Brother” franchise, is reportedly in talks with RedBird IMI, the owner of All3Media, to merge their television production businesses...
PE firm Kedaara Capital emerges front-runner to buy majority stake in Tynor Orthotics
Kedaara Capital has emerged as the front-runner to acquire a majority stake in Tynor Orthotics, the Mohali-based manufacturer of fracture aids and body braces, three people familiar with the matter said. “The...
Apax Funds buys minority stake in iD Fresh Food, early backers part exit
Global private equity firm Apax Funds has acquired a significant minority stake in iD Fresh Food, which makes ready-to-cook packaged food items. The investment firm has acquired the stake from existing shareholders...
Inox Clean acquires 300 MW of SunSource green power portfolio in ₹1,000-cr deal
Initial public offering-bound Inox Clean Energy has signed a definitive agreement to acquire 300 MW of solar power portfolio of Dutch multinational SHV Energy-owned SunSource Energy for ₹1,000 crore ($111 million), said...
Macquarie to Inject £245 Million More Into UK’s Southern Water
Macquarie Asset Management committed to putting a further £245 million ($330 million) of equity into Southern Water Ltd. as part of a plan to strengthen the finances of the UK utility. Macquarie, which holds a majority...
