New Delhi: Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd (Petronas) that has been actively scouting for green energy assets in India, is now planning a minority fund raise in...
Cognizant’s ambitious acquisition of Belcan raises questions
On Monday, Cognizant Technology Solutions Corp. announced it is buying Belcan LLC, a Cincinnati, Ohio-based engineering, research and development (ER&D) service provider, for $1.3 billion. Cognizant would pay $1.19...
Reverse mergers gain ground on the expressway to public markets
Precision Containeurs Ltd, a publicly listed maker of steel and plastic containers, had been defunct for about a decade when it blipped on the radar of Daman-based East India Drums and Barrels Manufacturing. In May last...
Brazil’s Dasa, Amil in advanced talks to combine hospital businesses
Brazil’s Diagnosticos da America (Dasa) and health insurance operator Amil are in advanced talks to combine their hospital businesses, Dasa said in a securities filing on Monday. Under the current negotiations...
Blackstone sells 15.1% stake in Mphasis for ₹6,736 crore
Blackstone sold 28.5 million shares in Mphasis Ltd on Monday, amounting to a 15.1% stake, through a bulk deal on the National Stock Exchange. The global investment firm sold shares amounting to ₹6,735.6 crore in the...
Blackstone sells Mphasis tranche in early Monday trade
Blackstone sold 29.5 million shares in Mphasis Ltd, amounting to a 15.6% stake, via a block deal early on 10 June, as per data on the Bloomberg terminal. With this, Blackstone has sold shares amounting to ₹7,066 crore...
ITC shareholders approve demerger of hotel biz with 99.6% majority votes
ITC shareholders in their meeting held on Thursday, June 6, approved the demerger of the FMCG giant’s hotel business segment, which has paved the way for the listing of ITC Hotels. With an overwhelming majority...
Cannabis producer Green Thumb explores merger with Boston Beer, letter shows
Cannabis producer Green Thumb Industries is prepared to make an offer for a potential merger deal with U.S.-based brewer Boston Beer, according to a letter seen by Reuters. Green Thumb CEO Ben Kovler in a letter to...
IDFC First Bank board approves plan to raise ₹3,200 cr via preferential issue
IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares. The private sector lender will be issuing 39.68 crore shares to marquee investors at...
Amazon to buy MX Player from Times Internet
Almost a year after calling off the deal, Amazon.com, Inc has resumed talks to acquire Times Internet-owned cash-strapped video streaming platform MX Player, two people with direct knowledge of the matter told Mint. The...
Paytm share price jumps 5% on clarification that Vijay Shekhar Sharma is not selling stake to Gautam Adani
Shares of One 97 Communications, parent of Paytm was locked in a 5 percent upper circuit at ₹359.55 in morning deals on Wednesday after the company clarified that Vijay Shekhar Sharma is not in talks with Gautam Adani...
Timken Singapore looking to divest 6.6% stake in Timken India for ₹1,775 crore
Promoter Timken Singapore Pte Ltd is looking to sell a 6.6% stake in Timken India Ltd for ₹1,775 crore, as per a term sheet obtained by Mint. The promoters are offering to sell up to 5 million shares, with a total deal...
