Intel Corp. said it has agreed to sell roughly 20% of its stake in IMS Nanofabrication to Bain Capital in a deal that valuing the Austria company at about $4.3 billion. Intel’s stake sale of 20% was valued at $860...
BPEA EQT set to acquire majority stake in HDFC Credila for ₹9,060 cr
BPEA EQT group (formerly Baring Private Equity Asia), in partnership with ChrysCapital, has received approval to acquire around 90% stake in HDFC’s wholly-owned education financial subsidiary HDFC Credila...
Abrdn to sell entire 10.2% stake in HDFC AMC
Abrdn Investment Management Limited, part of the promoter group of HDFC AMC will offload its entire stake of 10.2% in HDFC Asset Management Company Limited (HDFC AMC) for minimum of ₹3,920 crore on the exchanges on...
JBM Auto leading contender to acquire controlling stake in SML Isuzu: Report
Auto components and equipment maker, JBM Auto is the leading contender to acquire a controlling stake in automaker SML Isuzu, according to media reports. SML Isuzu’s Japanese promoters are looking to exit the...
Adani Enterprises to buy train booking platform Trainman
Adani Enterprise will soon be selling online train tickets. Adani Enterprises declared its intentions on Friday and informed Indian stock market bourses that it has signed a share purchase agreement for acquisition of...
SIA may raise stake in Air India to 40%
Singapore Airlines, or SIA, has expressed its desire to gradually raise its stake in Air India from the current 25.1% to about 40%, three people familiar with the development said. SIA and the Tata group have had...
ChrysCapital to invest $100 million in Lenskart
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)...
