Asian Paints Ltd announced on Friday that it had acquired an additional 11% stake in White Teak, a home decor company for ₹54 crore. As part of their agreement, the paint company paid White Teak ₹59.5 crore as an earn...
Mint
UPL to hive off specialty chemicals biz to arm
Mumbai-based UPL Ltd, will hive off its specialty chemicals business on a slump sale basis to wholly-owned arm UPL Speciality Chemicals Ltd for ₹3,572 crore. UPL expects to close the transaction within 3 to 4 months of...
Fortis Healthcare to divest Vadapalani Hospital business for ₹152 crore
Fortis Healthcare Limited announced on Thursday about signing of a definitive agreements for sale of its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (India) Limited for a sale...
Bankrupt Vice Media to be acquired by Fortress Investment group in a $222million deal
Vice Media has finalised its sale to a group of buyers including Fortress Investment Group after a deal of paying out $ 222 million to the bankrupt company, reported Reuters based on a legal filing. Company’s...
Intel to sell 20% stake in IMS to Bain at $4.3 billion valuation
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...
