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...
LIC hikes stake in Tech Mahindra to 9%
India’s largest institutional investor and insurer Life Insurance Corp of India (LIC) has raised its stake in IT bluechip Tech Mahindra Ltd to 8.88% from 6.87% since November, highlighting domestic fund managers’...
PAG to pick minority stake in RK Pharma
Asian investment firm PAG plans to acquire a significant minority stake in speciality injectables company RK Pharma Inc. and its subsidiaries, according to people familiar with the deal. Besides secondary shares sales...
Government proposes to sell 3% stake in Coal India
The Indian government is proposing to sell up to a 3% stake in state-owned miner Coal India Ltd at a floor price of 225 rupees per share, it said in a notice on Wednesday. The Offer for Sale (OFS) will be open for...
Warburg Pincus acquires over 90% stake in Vistaar Finance
Private equity firm Warburg Pincus has acquired a controlling stake in Vistaar Finance, an NBFC lending to micro, small and medium enterprises in India, the firm said. Warburg Pincus has acquired over 90% stake for $250...
Atomberg raises $86 million in Series C round
Consumer appliances brand Atomberg Technologies has raised $86 million in its Series C funding round led by Temasek Holdings and Steadview Capital, the company said in an announcement. The round saw participation from...
Teleperformance, PE firms look to acquire Everise Holdings
French digital business services provider Teleperformance SE and private equity firm Blackstone Group Inc. are planning separate bids for Everise Holdings, an IT services business owned by Brookfield Asset Management...
