Two of the top investors at Bank of Cyprus Holdings Plc are exploring a sale of their stakes in the country’s biggest bank, according to people with knowledge of the matter. AB CarVal Investors and Caius Capital are...
Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal
Zurich Insurance Company Ltd has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited. Zurich acquired a 70 per cent stake in Kotak General Insurance for ₹5,560 crore (USD 670...
Axis Bank acquires additional stake in Max Life Insurance subsidiary for ₹336 crore
Axis Bank has acquired additional equity shares of Max Life Insurance Company, a subsidiary of Max Financial Services, for ₹336 crore, the private lender announced on Wednesday. The bank’s board of directors...
LS Digital restructures operations, set to expand into US
Former Blackstone managing director Mathew Cyriac’s Florintree Advisors-backed LS Digital has integrated three agencies—Langoor Digital, F1 Studioz, and Social Panga—that it acquired over the last two years. The digital...
Nvidia Agrees to Buy Software Startup Shoreline
Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. The deal was struck recently and values Shoreline...
KKR, GIC & DigitalBridge in fray to acquire Carlyle’ Nxtra stake for $700 million deal
Three contenders have queued up for Carlyle Group’s stake in telecom major Bharti Airtel’s data centre arm Nxtra Data Ltd, according to two people aware of the development. Private equity giant KKR, Singapore’s...
Some Colonial Pipeline owners eye stake sales at $10 bln-plus company valuation, sources say
Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people...
Ambuja Cements’ Penna acquisition could take time to bear fruit
With an eye on the southern markets, Ambuja Cements Ltd last week announced plans to acquire Hyderabad-based Penna Cement Industries Ltd. Penna has a cement manufacturing capacity of 14 million tonnes per annum...
I Squared Capital, Stonepeak eye Vodafone’s Indus Towers stake in $2.3 bn deal
Private equity (PE) firm I Squared Capital and alternative investment firm Stonepeak are vying for Vodafone Group Plc’s 21.5% stake in Indus Towers Ltd in a deal potentially valued at around $2.3 billion, according to...
Fisher Sells Stake of Up to $3 Billion to Advent, Abu Dhabi Fund
Private equity firm Advent International and a unit of the Abu Dhabi Investment Authority are buying a minority stake in billionaire Ken Fisher’s Fisher Investments worth as much as $3 billion. The transaction, in which...
Paytm in talks with Zomato to sell its movie and ticketing business
Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per...
ET Money’s acquisition by 360 ONE – Should you be worried or excited?
The acquisition of ET Money by 360 ONE WAM Ltd raises some questions for users and investors of the Times Group-owned direct mutual fund investment platform—the largest corporate effort in the past decade to provide...
