Betting on India’s insurance growth potential, South African financial services giant Sanlam, on Friday, once again raised its holding in two of its Indian insurance joint ventures (JVs) with South India-based Shriram...
General Atlantic buys majority stake in Ujala Cygnus
US-based private equity (PE) firm General Atlantic has acquired a majority stake in Ujala Cygnus, a hospital chain in northern India with a network of 21 hospitals across tier II and tier III cities. The financial...
ABFRL proposes demerger of Madura Fashion into separate listed entity
Aditya Birla Fashion and Retail Ltd (ABFRL) is evaluating a vertical demerger of the Madura Fashion & Lifestyle business from itself into a separate listed entity, the company said in an exchange filing on Monday...
Al Gore firm, CapitaLand eye Radiance acquisition
Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two...
NCLT refuses to stay Byju’s EGM to increase its authorised share capital
The National Company Law Tribunal on Thursday refused to stay Byju’s extraordinary general meeting (EGM) that will be held today to augment the authorised share capital of the beleaguered edtech company, giving...
Apollo Pipes acquires majority stake in Kisan Mouldings for ₹118.40 crore
Apollo Pipes Ltd, part of the APL Apollo group, has acquired a 53.57% majority stake in Kisan Mouldings Ltd (KML) for ₹118.40 crore, aiming to bolster its position in the PVC pipes and fittings sector. In an exchange...
Standard Chartered set to exit CDSL with 7.18% stake sale
Standard Chartered Bank is set to exit its investment in Central Depository Services (India) Ltd (CDSL) by selling its entire stake through a block deal. The bank will offload 7.5 million shares, representing a 7.18%...
Ambit Finvest raises ₹415 crore as Daiwa acquires minority stake
Ambit Finvest, a non-banking financial company (NBFC) within the Ambit Group, has raised ₹415 crore from Japanese financial services firm Daiwa Securities Group Inc for a minority stake. This move aims to capitalize on...
Beige to offload 2.9% stake in Mankind Pharma through block deals
Beige Ltd., an affiliate of ChrysCapital, is looking to sell a portion of its stake in Mankind Pharma Ltd. through block deals. As per a term sheet reviewed by Mint, Beige Ltd. is offering to sell up to 11.63 million...
Adam Neumann submits bid to buy back WeWork for more than $500 million
Adam Neumann, the former chief executive and co-founder of WeWork, recently submitted an offer to buy the bankrupt co-working company for more than $500 million, according to people familiar with the matter. It wasn’t...
Tech Mahindra to merge US-based subsidy Born Group with parent Tech Mahindra (Americas) Inc
Tech Mahindra, India’s one of leading IT services and consultation firms, has said that the company will be merging its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc...
INOXGFL Group plans to sell majority stake in C&I business; mandates EY for sale process
INOXGFL Group has hired EY for a planned majority stake sale in its commercial and industrial (C&I) business, two people aware of the development said, a transaction with a potential equity value of around $200...
