PI Industries share price jumped over 5% in early trade on Thursday after the company announced the acquisition of UK-listed Plant Health Care Plc (PHC) with subsidiaries in the US, Brazil, Mexico and a few other...
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Masdar, AIIB, Sojitz, Mitsubishi, Gentari, Marubeni, IFC among others eye Hygenco’ stake sale in $400 million deal
Several companies have evinced interest in acquiring 49% stake in Gurugram-based green hydrogen manufacturer Hygenco Green Energies Pvt. Ltd for an estimated equity value of around $400 million, two people aware of the...
Asian buyout firm shortlists bidders for $800 million Malaysia hospital sale
Malaysia’s IHH Healthcare and Sunway are among the three bidders in a race to acquire one of the country’s largest hospitals from buyout firm Affinity Equity Partners, people familiar with the situation said. A second...
Hinduja Group begins bond sale process to raise ₹7,300 crore for Reliance Capital acquisition, says report
Hinduja Group is set to raise approximately ₹7,300 crore ($873 million) through two rupee bond offerings, Bloomberg reported citing sources. This move is part of the funding strategy for acquiring Reliance Capital, it...
Boyd Gaming makes acquisition approach to Penn Entertainment, sources say
U.S. casino operator Boyd Gaming has approached Penn Entertainment to express interest in acquiring its peer, valued at more than $9 billion, including debt, according to people familiar with the matter. The potential...
Top Bank of Cyprus Investors to Explore Sale of Stake
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...
