Global private equity (PE) firm Blackstone Inc. is looking to sell as much as 50% stake in PGP Glass Pvt. Ltd that it acquired three years ago, three people aware of the development said. The PE firm has named...
NCLT admits Sahara group subsidiary into insolvency
The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai...
Bain, KKR, Advent circle Sai Life Sciences
Global private equity funds, including Bain Capital, KKR, and Advent International, are in talks for a controlling stake in Sai Life Sciences at a valuation of $600-700 million, three people aware of the development...
SoftBank arm to sell 1.1% stake in Zomato
An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor...
Artek buys Kemira’s oil & gas business
Mumbai-based Artek Group has acquired Finnish chemicals company Kemira’s oil and gas business for $280 million, according to a company statement. Artek has acquired the asset through its US-based subsidiary Sterling...
Uniqus acquires Goodera’s ESG software
Consulting firm Uniqus Consultech Inc. has acquired a specialised software from social impact startup Goodera that it expects will help it win contracts in the environmental, social and governance, or ESG, space. Uniqus...
NCLAT to hear IDBI’s insolvency plea against Zee Entertainment today
A three-member bench of the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today). The case...
SpiceJet gets some respite as NCLT dismisses Willis Lease plea for insolvency
In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart...
Ajay Piramal may look to buy a state-run bank
The Piramal Group, which owns a non-bank financier, is weighing acquisitions to enter the banking space and may look at public sector banks (PSBs) that the government puts on the block, group chairman Ajay Piramal said...
StrideOne acquires ‘strategic’ stake in MoEVing, enters EV financing
StrideOne Capital Pvt. Ltd on Friday said it has acquired a strategic stake in MoEVing Urban Technologies Ltd, the operator of electric vehicle tech startup MoEVing. The deal will help StrideOne, the non-banking...
Thomas Cook promoter Fairbridge Capital to sell 8.5% stake in the company via offer for sale
Thomas Cook Ltd, Mumbai-based travel agency, on Wednesday, said that its promoter Fairbridge Capital (Mauritius) is looking to sell up to 8.5% stake in the company through an offer for sale. According to the exchange...
Aster divests Gulf business for $1 bn
Leading hospital chain Aster DM Healthcare Ltd said it will separate its mainstay Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion, in a move it said will...
