Global private equity firms Blackstone, Brookfield and Warburg Pincus are in talks to acquire a majority stake in Hyderabad-based Gland Pharma Ltd from China’s Shanghai Fosun Pharmaceutical Co. Ltd in a deal expected to...
Alkem Laboratories makes twin acquisitions
Alkem Laboratories Ltd has announced the acquisition of Adroit Biomed, a dermatology and cosmetology-focused company, and Bombay Ortho Industries, a medical technology firm, in two separate deals. The acquisitions will...
Honeywell to split into 3 companies after Elliott Management takes $5 bn stake
Honeywell is splitting into three independently listed companies, breaking up one of America’s last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the...
Merger mania: Will big listed companies get to skip the company court?
The Centre may consider eliminating mandatory approval from the company law court in the merger and demerger of local listed firms, two people aware of the discussions in said, over eight years after it allowed the...
L’Oreal to sell $3.1 billion stake in Sanofi back to pharma group
L’Oreal will sell part of its stake in Sanofi back to the French pharmaceutical company for 3 billion euros ($3.11 billion), bolstering its balance sheet while the beauty industry is undergoing a slowdown. The deal will...
Tempur Sealy Cleared to Buy Mattress Firm in Blow to FTC
Tempur Sealy International Inc. was cleared to move forward with its $4 billion acquisition of Mattress Firm Inc. after a federal judge in Texas rejected a claim by the US Federal Trade Commission that the deal would...
Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders
The National Company Law Appellate Tribunal (NCLAT) has asked Busy Bee Airways, a bidder for bankrupt airline Go First, to approach the airline’s lenders and negotiate a deal to acquire the airline as a going concern...
ITV, RedBird IMI in early-stage talks to merge production businesses, sources say
British broadcaster ITV has been holding early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses, two people with knowledge of the situation said. The...
JK Paper diversifies into specialty animal health business with Quadragen Vethealth acquisition
JK Paper Ltd, a paper and packaging solutions company, has acquired Quadragen Vethealth Pvt. Ltd (QVPL) for ₹460 crore in an all-cash deal to diversify into the specialty animal health, nutrition, and feed additives...
Ambani family buys 49% stake in London cricket team Oval Invincibles
The Ambani family won a high-stakes bidding battle this week to secure a stake in the London-based Oval Invincibles cricket team. Reliance Industries Limited won a virtual auction with the minority stake worth about £60...
Byju’s insolvency: NCLT reinstates Glas Trust as financial creditor, ejects resolution professional
The National Company Law Tribunal on Wednesday reinstated Glas Trust Co. Llc and Aditya Birla Finance Ltd as Byju’s financial creditors, in a major setback to the edtech company as the two lenders will now have a...
LVMH Sells Stella McCartney Stake Back to Founder After Downturn
LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods. Stella...
