Byju’s, once India’s most celebrated startup, has been grappling with an escalating financial crisis, facing mounting legal battles with creditors amid a severe cash crunch. On 16 July, the National Company Law...
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Byju’s creditor Surfer Technologies settles insolvency case with edtech firm
Gurugram-based Surfer Technologies told the Bengaluru bench of the National Company Law Tribunal (NCLT) on Wednesday that it has reached an amicable settlement with Byju’s and hinted that it would withdraw its...
Google parent in talks to buy cybersecurity startup Wiz for $23 billion
Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter said on Sunday, in a deal that would represent the technology giant’s...
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree continues
Honeywell said on Wednesday it would buy Air Products’ liquefied natural-gas process technology and equipment business for $1.81 billion in cash, marking the industrial giant’s fourth acquisition this year...
Glenmark Pharma to offload 7.84% stake in Glenmark Life Science through OFS
Glenmark Pharma board has approved the sale of a 7.84 per cent stake, which is equivalent to 96,09,571 equity shares, in Glenmark Life Sciences, the company said in an exchange filing on June 10. The stake will be sold...
’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s
Blackstone Inc. is in advanced talks with Haldiram’s, India’s largest family-run snacks business, to acquire a controlling stake in the company, Moneycontrol reported. The report quoted people aware of the...
Carlsberg to buy Britvic for $4.23 billion
Danish brewer Carlsberg agreed to buy London-listed soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion) as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales...
LIC raises stake in IDFC First Bank to 2.68% at ₹80.63/share via private placement offer
The Life Insurance Corporation of India (LIC), India’s largest insurance company, said on Thursday, July 4, that it acquired a 0.2 per cent stake in IDFC First Bank Limited for ₹80.63 per share, increasing its...
Lighthouse Funds talking to investors to offload its stake in footwear maker Aqualite Industries
Private equity major Lighthouse Funds is looking to exit its six-year-old bet in footwear maker Aqualite Industries, and it has already started early talks with prospective investors, two people familiar with the matter...
Temasek may buy ₹900 crore stake in medical equipment firm Tynor
Temasek, the private equity (PE) arm of the Singapore government, is the front runner to acquire significant minority stake in Tynor Orthotics, a Mohali, Punjab-based medical equipment maker, according to three people...
Kapil Wadhawan moves NCLAT against Union Bank’s insolvency plea over ₹3,958-crore default
Kapil Wadhawan, the former promoter of Dewan Housing Finance Corporation Ltd (DHFL), has moved the National Company Law Appellate Tribunal (NCLAT) to challenge the initiation of personal insolvency proceedings against...
Boeing agrees to buy Spirit Aero for over $4 billion in an all-stock deal, says report
Boeing agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S. planemaker hopes will help ease a spiralling safety...
