IBM said that it would buy Software AG’s enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software...
EbixCash’s US parent files for Chapter 11 bankruptcy
Robin Raina-led Ebix Inc. filed for bankruptcy in the US on Monday after missing the last deadline to repay over $600 million (about ₹5,000 crore) to lenders. The move cast a cloud over its Indian unit EbixCash, which...
Adani Port to divest of 49% stake in Adani Ennore Container Terminal for ₹247 crore
Adani Ports is set to divest 49 percent of its stake in Adani Ennore Container Terminal (AECTPL) for a total consideration of ₹247 crore, the company informed the exchanges. “The company has entered into a Share...
Unilever in advanced talks to sell Elida Beauty to Yellow Wood: Report
Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the...
Hero MotoCorp to buy additional 3% stake in Ather Energy for up to ₹140 crore
Hero MotoCorp announced that it will purchase of additional shares of Ather Energy Pvt. Ltd., an associate company, from an existing shareholder. Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is...
Crest Data promoters tap PE funds for first stake sale
Promoters of Ahmedabad-based Crest Data Systems are looking to sell a 25-30% stake in the data analytics and cyber security company to private equity funds, said three people with knowledge of the development. The...
Fairfax India acquires additional 7% stake in Bengaluru airport
Fairfax India Holdings Corp., led by Canadian billionaire Prem Watsa, has acquired an additional 7% share in Bangalore International Airport Ltd from Siemens Project Ventures GmbH, a division of Siemens Financial...
M2P Fintech acquires Goals101 for ₹250 crore
M2P Fintech, a digital banking infrastructure company, has acquired Goals101, a firm specializing in transaction behavioural intelligence, for approximately ₹250 crore. The move will enhance M2P Fintech’s data...
Warren Buffett’s Berkshire Hathaway almost halves stake in PC maker HP
Berkshire held 51.5 million shares, or 5.2% of the Palo Alto, California-based company on Nov. 30, according to a regulatory filing. That’s down from about 97.85 million shares on Oct. 3, according to data compiled by...
Macquarie Capital picks up minority stake in ChargeZone
Macquarie Capital has acquired a “substantial minority stake” in ChargeZone, a Vadodara-based company specializing in high-speed electric vehicle (EV) charging networks. The specifics of the stake and the...
Supreme Court to hear insolvency plea against Zee promoters, issues notices
The Supreme Court has issued notices to two promoter companies of Zee Entertainment Enterprises Ltd, agreeing to hear a plea filed by IDBI Trusteeship Services for insolvency proceedings. IDBI Trusteeship had challenged...
Celebrity management agency Matrix merges with Bling Entertainment
Bling Entertainment, led by partners Swati Iyer, Piya Sawhney and Shanti Sivaram, has merged with another celebrity platform, Matrix, in a move indicating consolidation in India’s growing celebrity management industry...
