India’s largest microlender Credit Access Grameen Ltd may soon have a new owner with its Dutch promoter looking to exit, two people aware of the development said. The Netherlands-based CreditAcccess India B.V...
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Thyssenkrupp to Sell Site Stake in Tussle Over Steel Future
Thyssenkrupp AG’s steel unit plans to sell a stake in an industrial site in Germany after a supervisory board meeting ended without agreement on a broader restructuring of the ailing division. As part of a push to lower...
PB Fintech to steer clear of majority-stake acquisitions following MyLoanCare experience
PB Fintech, the owner of Policybazaar and Paisabazaar, plans to move away from taking a majority stake when acquiring companies following the exit of the founder of MyLoanCare, which it bought in 2021. PB Fintech will...
Govt considers shedding up to 5 percent stake in LIC in this fiscal: Report
The government may consider selling up to 5 per cent stake in the state insurer Life Insurance Corporation (LIC) this financial year in order to meet the minimum public shareholding (MPS) norm, Business Line reported...
Airtel’s data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Bharti Airtel is unlikely to merge its data centre business-Nxtra-with tower provider Indus Towers, as the company would prefer flexibility by keeping the assets unbundled, top executives of the country’s second...
The big hospital merger: Aster DM, Care to sign deal next month
Bengaluru-based Aster DM Healthcare and Hyderabad-based Care Hospitals plan to join hands next month in a marriage blessed by private equity giant Blackstone, two people aware of the matter said. While Aster DM promoter...
The big picture behind Google’s largest acquisition failure
Two weeks ago, the tech industry was abuzz with the news of Alphabet, Google’s parent, trying to acquire cloud security startup Wiz for around $23 billion. It was to be Alphabet’s largest acquisition ever...
Snickers maker Mars explores acquisition of Kellanova, sources say
Family-owned food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with...
Tata Motors board approves demerger into two listed companies, scheme to conclude within 15 months
Tata Motors Ltd (TML) announced on Thursday, August 1, that its board approved the demerger scheme of its commercial vehicle (CV) arm, which will eventually lead to two separate listed entities. India’s most...
NIIF-backed IntelliSmart plans to buy majority stake in CyanConnode’s India ops
National Investment and Infrastructure Fund (NIIF) backed IntelliSmart Infrastructure Pvt Ltd is in talks with global smart metering major CyanConnode to acquire a majority stake in its Indian operations, said two...
Adani Wilmar could add regional kitchen essential brands to portfolio, seeking wider market share
Edible oil maker Adani Wilmar Ltd said it could invest in regional companies in categories such as spices, condiments and ready-to-cook meals, aiming for a larger share of the packaged food market. “After we bought the...
Alaska-Hawaiian Merger Decision Delayed to Mid-August
Antitrust enforcers looking into Alaska Air Group Inc.’s plan to buy Hawaiian Holdings Inc. will take more time to decide on the proposed $1.9 billion deal. The Justice Department and state attorneys general now have...
