Finnish state-run energy giant Fortum Oyj has engaged EY and London-based Opus Corporate Finance LLP to oversee the sale of majority stakes in its Indian renewable energy platform and electric vehicle (EV) charging...
Mint
Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report
Blackstone Inc., the American investment firm, is expected to bid nearly ₹40,000 crore for a 51 per cent stake in the iconic Indian snack brand Haldiram’s, Moneycontrol reported on Monday, July 29, quoting people...
Bankruptcy court orders liquidation of Future Retail as resolution eludes
It’s the end of the road for Kishore Biyani-led Future Retail Ltd, which once led India’s organized retail revolution. The National Company Law Tribunal (NCLT) on Monday ordered liquidation of the company, setting...
Mankind Pharma to acquire 100% stake in Bharat Serums & Vaccines
Mankind Pharma has emerged as the frontrunner to acquire Bharat Serums & Vaccines (BSV), backed by Advent International, the company announced on Thursday. “Mankind Pharma Limited has entered into a definitive...
Multiples PE-backed insurer Acko acquires OneCare
Multiples Private Equity-backed Acko General Insurance has acquired digital chronic care management company OneCare as it focusses on becoming a healthcare service provider. The deal was an all-cash transaction, though...
Reliance-Disney $8.5 billion merger faces scrutiny, CCI sends 100 antitrust queries
The Competition Commission of India (CCI) has sent nearly 100 queries to Reliance Industries and Walt Disney regarding their $8.5 billion merger of Indian media assets, Reuters reported on Monday quoting two anonymous...
Amazon in talks with Swiggy for buying Instamart business
E-commerce giant Amazon has approached Swiggy and shown interest in the company’s quick commerce business Instamart, says a report in the Economic Times, citing 3 sources aware of the matter. However, there is no...
Australia’s Woodside Energy to buy US LNG developer Tellurian for $1.2 bln
Australia’s Woodside Energy on Monday said it has entered a definitive agreement to acquire U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast Driftwood LNG project, for a total value of...
For JSW Infrastructure, acquisitions and expansion are the key growth drivers
Shares of JSW Infrastructure Ltd dropped about 6% in early trade on Friday, even as the company reported a solid 24% year-on-year Ebitda growth. Investors appear worried about the decline in net profit primarily due to...
IDBI Bank’s stake sale: Progress at last
The Reserve Bank of India has reportedly certified bidders for IDBI Bank as “fit and proper”, paving the way for the government to sell a big equity stake in the bank. RBI’s fitness and propriety norms are meant...
Gautam Adani and Torrent to buy majority stake in IPL team Gujarat Titans
Adani Group and Torrent Group are in discussions with private equity firm CVC Capital Partners to buy a controlling stake in the Gujarat Titans, an Indian Premier League (IPL) team. According to a report by the Economic...
Zensar Technologies acquires BridgeView Life Sciences in $25 million deal, eyes more acquisitions
Zensar Technologies Ltd is set to acquire BridgeView Life Sciences, an American information technology (IT) and operations services firm, in an all-cash deal valued at $14 million, the company said on Wednesday. An...
