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...
NCLAT to hear SREI Infra promoter’s plea on 4 October
The National Company Law Appellate Tribunal (NCLAT) on Monday deferred hearing in a plea in the insolvency case of SREI Infrastructure to 4 October after the company sought time to submit a rejoinder to a response by...
Burman family to raise stake in Religare via $255 million open offer
Burman family firms MB Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company have announced an open offer to acquire up to 26% in Religare Enterprises Limited...
Petronas nears $1.6 billion deal to acquire minority stake in India’s AM Green unit: Report
Malaysia’s state oil giant Petroliam Nasional Bhd. is nearing a deal to acquire a minority stake in the ammonia unit of India’s AM Green for about $1.6 billion. Petronas is in advanced talks to buy about a 25 per cent...
Nirma to buy Glenmark Life Sciences for ₹5,651 crore
Nirma Ltd has agreed to buy 75% of Glenmark Life Sciences Ltd for ₹5,651.5 crore in a deal that values the latter at ₹7,535.4 crore. Mint reported first on 15 August that the cement-to-detergent maker was the sole...
Cisco to buy Splunk in $28 billion deal, boosting defenses as use of AI widens
Cisco Systems Inc. has announced that it will buy cybersecurity firm Splunk in a $28 billion deal. The purchase is going to be Cisco’s biggest acquisition yet. Cisco buying Splunk would also mean a massive push...
