KKR & Co. on Wednesday said it has agreed to buy a majority stake in logistics solutions company Leap India, a move that will deepen the US private equity firm’s presence in Asia’s infrastructure space. The...
Carlyle to acquire 5.9% stake in SpiceJet
Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE to close at ₹31.42, on a day...
Walmart buys $1.4 billion Tiger Global stake in Flipkart, report
Walmart has bought stake in one of India’s most popular e-commerce firm, Flipkart. The company has paid $1.4 billion to buy out hedge fund Tiger Global’s investment in e-commerce firm, reported Wall Street...
Natural Gas Pioneer Puts Investment Vehicle Into Bankruptcy to Protect Ranch, Other Assets
An investment vehicle owned by U.S. natural-gas entrepreneur Charif Souki has filed for bankruptcy and is suing its lenders to prevent foreclosure of its assets, including shares of a family-owned business and a luxury...
BPEA buys fertility clinic Indira IVF at valuation of $1.1 billion
Private equity firm BPEA EQT has acquired 60% of Indira IVF Hospital Pvt. Ltd, India’s largest chain of fertility clinics, from TA Associates and the fertility company’s founders at a valuation of about $1.1 billion...
Takeover norm violations: SAT sets aside Sebi order against Ambani brothers
The Securities Appellate Tribunal (SAT) set aside the Securities and Exchange Board of India’s April 2021 order that had imposed a penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holdings...
Mahindra eyes 9.9% stake in RBL Bank
Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment...
Marico to acquire majority stake in nutrition brand Plix for ₹369 cr
Packaged consumer goods company Marico Ltd has signed a definitive agreement to acquire a majority stake in Satiya Nutraceuticals Private Ltd that owns plant-based nutrition brand Plix for ₹369 crore. “In line with our...
Hitachi Payment Services to acquire cash management biz of Writer Corp
Payment solutions provider Hitachi Payment Services said it has entered into an agreement with Writer Corp, a multi-business enterprise, to acquire its cash management business. Writer Safeguard, the cash management...
BDK Valves & Gurukrupa Group complete 100% acquisition of Theis Precision
BDK Valve Private Ltd., a manufacturer of industrial valves, and Gurukrupa Group, a realty developer in western India, on Wednesday announced the successful acquisition of 100% stake in Theis Precision Steel India Pvt...
AirAsia seeks early merger with AI Express
AirAsia India has sought approvals from Directorate General of Civil Aviation (DGCA) to expedite its integration with Air India Express, including a rebranding from AirAsia India to AI Express, three people familiar...
ITC board gives in-principle nod for demerger of hotels business
ITC Ltd. board has given in-principle approval for the demerger of its hotels business and to incorporate a wholly owned subsidiary called ITC Hotels. “After due consideration, the Board accorded its in-principle...
