Homegrown PE fund ChrysCapital said it will invest $100 million in omnichannel eyewear maker Lenskart via primary and secondary share purchases. This investment brings Lenskart’s total capital raise to nearly $850...
Zurich Insurance eyes up to 51% stake in Kotak General Insurance: Report
Zurich Insurance—one of Europe’s largest insurers —is in talks to buy up to 51% stake in Kotak General Insurance, a fully-owned subsidiary of Kotak Mahindra Bank, Reuters reported Wednesday. In early-stage...
O2 may buy Jakson’s green power assets
EQT- and Temasek-backed O2 Power is in talks with Jakson Group to purchase 120 MW of solar power assets of Jakson Group at an equity value of ₹130 crore, said two people aware of the development. The enterprise value of...
Nasdaq to Buy Financial-Software Firm Adenza for $10.5 Billion
Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal, people familiar with the matter said. The deal furthers Nasdaq CEO Adena Friedman’s efforts...
Sequoia Capital to sell 10.18% stake in Go Fashion via block deal: Report
Venture capital (VC) firm Sequoia Capital will sell up to 10.18 per cent stake which it holds in Go Fashion, the parent entity of Indian clothing brand Go Colors, via a block deal, according to CNBC-TV18. The floor...
NCLT rejects resolution plan of Anirudh Agro Farms for Viceroy Hotels: Report
The NCLT has reportedly rejected the resolution plan of Anirudh Agro Farms for Viceroy Hotels following the expiry of bank guarantees and directed the continuation of the corporate insolvency resolution process (CIRP)...
LIC raises stake in SAIL by 2%
State-run insurer Life Insurance Corp of India (LIC) has hiked its stake by 2% in Steel Authority of India Ltd (SAIL) between October, 2021 and March 2023, according to an exchange filing. With the increase in stake...
Bain Capital acquires specialty chemicals maker Porus Labs
Private equity firm Bain Capital has acquired Hyderabad-based Porus Laboratories as part of its strategy to expand its portfolio of investments in the specialty chemicals sector. Financial details of the deal were not...
CPP to sell 1.66% in Kotak Bank
Canada’s CPP Investments will sell a 1.66% stake in Kotak Mahindra Bank on the stock exchanges for ₹5,914-6,225 crore on Friday, a person aware of the development said. The Canadian pension fund will sell 33 million...
Vodafone, Hutchison to announce UK merger as soon as Friday: Report
Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone...
CCI approves General Atlantic’s additional stake acquisition in Acko Tech
The Competition Commission of India (CCI) granted approval for the acquisition of an additional stake in Acko Technology and Services Private Limited (Acko Tech) by General Atlantic Singapore ACK Pte. Ltd. (GASACK)...
Nelco buys 9% stake in Piscis Networks to expand satellite communications portfolio
Tata Group subsidiary, Nelco Limited, announced that it made a strategic investment in Mumbai-based satellite network software provider, Piscis Networks. Exchange filings made by Nelco, which offers satellite...
