The Body Shop, a UK-based cosmetics firm, shut down all of its US-based operations, reported CNN on Monday, adding that it will soon be closing dozens of Canadian store locations after filing for bankruptcy. In an...
Mint
Max India explores PE deals for Antara stake sale
Max India Ltd is in talks with private equity (PE) firms to sell 5-10% stake in its subsidiary Antara Assisted Care Services Ltd, two people aware of the development said. Max India, part of the $4 billion Max Group, is...
IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation
IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd, through a block deal, according to a term sheet reviewed by Mint. The sale, estimated to be...
Nazara Technologies seeks to acquire Smaaash under IBC
Gaming firm Nazara Technologies seeks to acquire Smaaash Entertainment Pvt. Ltd through the insolvency and bankruptcy process, two people aware of the matter said. As part of the corporate insolvency resolution process...
Accenture to acquire Udacity in upskilling push
Accenture will acquire California-headquartered edtech platform, Udacity, for an undisclosed sum. The move is part of Accenture’s broader initiative to invest $1 billion over three years in enhancing upskilling...
Vertoz Ventures into the CloudTech Sector through the Strategic Merger
While the Company already specializes in MadTech solutions with its diverse platforms and services that facilitate a wide range of digital marketing and advertising technology, this amalgamation will add a plethora of...
Greenko acquires GI Hydro’s Sikkim project for enterprise value of ₹1,000 crore
Greenko, backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority, and Japan’s ORIX Corp, has completed the acquisition of the 110-megawatt (MW) Chuzachen hydro-electric project in east Sikkim from GI Hydro...
RCap lenders urge IIHL to secure regulatory approvals for acquisition
Reliance Capital lenders have asked IndusInd International Holdings Ltd (IIHL), a Hinduja Group firm, to provide necessary documents and secure relevant regulatory approvals for acquiring the debt-ridden company at the...
NCLT approves Hinduja’s acquisition of bankrupt Reliance Capital
The National Company Law Tribunal (NCLT) on Tuesday approved the ₹9,650 crore resolution plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd, marking a...
Zurich Insurance company to acquire 70% stake in Kotak General for ₹5,560 crore in single tranche
Zurich Insurance Company will acquire a 70 per cent stake in Kotak General Insurance Company Limited for ₹5,560 crore in a single tranche, informed Kotak Mahindra Bank in a regulatory filing to the stock exchanges on...
Prataap Snacks issues clarification: Yellow Diamond parent ‘not in negotiations’ with ITC for 47% stake sale
Prataap Snacks on Thursday rejected media reports that ITC is planning to buy a 47% stake in the company. The Yellow Diamond parent firm issued a clarification in which it said that it is not in any negotiations with...
Tech Mahindra acquires 100% stake in Orchid Cybertech for $3.27 million
IT services and consulting firm Tech Mahindra, announced on Tuesday, February 20, that it has completed the acquisition of a 100% stake in Orchid Cybertech Services (OCSI) through its wholly-owned subsidiary for a total...
