Japanese tech investor SoftBank on Friday offloaded an additional 2.54% stake or 11.4 million shares in Policybazaar’s parent entity PB Fintech Ltd through a bulk deal. The shares were sold at ₹762.8 apiece. Prior to...
Fintech firm Slice set to enter banking via merger with SFB
Credit and payments unicorn Slice announced its merger with Guwahati-based North East Small Finance Bank (NESFB), in a rare instance of a fintech entering the banking sector. Bengaluru-based Slice, which also holds an...
Reliance Brands buys majority rights of Superdry IP for Indian territory
Reliance Brands Ltd. (RBL), part of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd., entered a joint venture deal with the UK-based clothing retailer Superdry PLC, securing rights to the brand’s...
Warburg Pincus acquires stake in Everise
Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management...
Vedanta to sell all its steel assets by March 2024: Anil Agarwal
India’s Vedanta Ltd is planning to complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC TV 18 on Tuesday. The company began the review of its steel and steel raw material...
VIP Industries promoters explore stake sale
The promoters of VIP Industries Ltd are considering selling their stake in India’s largest luggage and travel accessories maker, two people familiar with the development said. The deal, including a potential open offer...
IQuest Enterprises acquires Viatris’ Indian API operations
IQuest Enterprises, a multi-sector investment company, said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India...
Zee-Sony merger: Deal completion expected to take a few more months
The Zee Entertainment-Sony Pictures merger is expected to be delayed further. The merger, which had been announced in December 2021 and was approved by the National Company Law Tribunal (NCLT) in August 2023, is still...
Shell weighs sale of Sprng assets stake
Shell Plc is looking to sell a stake in the operational assets of Sprng Energy Group, a renewable assets platform it acquired in 2022 from Actis Llp at an enterprise value of $1.55 billion, said two people aware of the...
Mubadala, Brunei may pick up stake in Manipal Health
Temasek Holdings is in talks with several sovereign funds, including Abu Dhabi’s Mubadala Investment Co. and Brunei Investment Agency, to pare its stake in Manipal Health Enterprises Ltd to de-risk its holdings, two...
Emami acquires stake in Axiom Ayurveda, enters health juice segment
Homegrown FMCG major Emami Ltd. announced entering the health juice category, with the acquisition of a 26% stake in Axiom Ayurveda Pvt Ltd., which markets a range of beverages under the brand name AloFrut. The deal...
Amazon to invest up to $4 billion for minority stake in AI startup Anthropic
E-commerce giant Amazon.com said it has agreed to invest as much as $4 billion in Anthropic, an AI startup, for a minority stake, in an effort to become a major player in generative artificial intelligence, reported...
