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...
Jet Airways insolvency: NCLAT grants Jalan Kalrock more time to pay dues to lenders
National Company Law Appellate Tribunal (NCLAT) on Friday decided to pitch for early revival of grounded airline Jet Airways. To facilitate the same, the appellate tribunal has decided to give more time to to the...
CCI approves investment by CPPIB, Multiples PE in Acko Technology
The Competition Commission of India (CCI) cleared the deal involving the acquisition of securities of Acko Technology & Services by a subsidiary of Canada Pension Plan Investment Board, and Multiples Private Equity...
‘Factually incorrect,’ Delhivery rejects media reports on acquisition talks with Gati
Calling the media reports, factually incorrect and baseless, Delhivery has rejected claims of its acquisition deal with logistics firm Gati. The company made it clear that there have been no discussions going on on the...
Warburg to acquire 66% stake in Watertec, may buy the rest later
Private equity firm Warburg Pincus is set to acquire a majority stake in Watertec (India) Pvt. Ltd, a bathroom accessories and fittings maker, two people aware of the development said. The company is jointly owned by...
Carlyle to buy over 20% in Quest Global
Private equity giant Carlyle Group is on the verge of acquiring a substantial stake, exceeding 20%, in the engineering services provider Quest Global Services Pte Ltd, according to two people with knowledge of the deal...
Hydropower mega-merger proposal likely next month
State-owned hydropower company NHPC Ltd is likely to submit a proposal next month to merge two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco) with itself, said...
