The Competition Commission of India (CCI) has given the green light to the proposed acquisition of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd. The...
Pluckk acquires Indian food-tech startup KOOK to enter DIY meal Kit market
Pluckk, a digital fresh food brand in the Fruits and Vegetables (F&V) space, has acquired the entire stake in KOOK for $1.3 million to be paid in cash and equity. Kook is an Indian food-tech startup that specializes...
Minda seeks CCI nod to buy 24.5% in Pricol
Auto parts maker Minda Corporation on Tuesday sought the Competition Commission of India’s (CCI) approval to buy 24.5% stake in rival Pricol Ltd, according to a regulatory filing. Minda had in February bought a 15.7%...
Hindustan Zinc’s all-cash bid for Vedanta’s assets lapses: Report
Hindustan Zinc Ltd’s proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders’ approval within the stipulated time limit, said...
Go First makes exit, blames Pratt & Whitney for insolvency
The “ever-increasing” number of failing engines supplied by Pratt & Whitney has forced Go First to file for an insolvency resolution process before the Delhi bench of the National Company Law Tribunal...
Care Hospitals buyout lands up in Bombay High Court; Max Healthcare sues TPG: Report
Max Healthcare Institute is reported to have filed a suit in the Bombay High Court against private equity firm TPG after the owners of Care Hospitals neglected Max’s bid to favour an offer by the world’s...
Brookfield closes deal to pick 51% stake in Bharti Enterprises’ four commercial properties
Global investment firm Brookfield Asset Management said that it has closed a deal to acquire a 51 per cent stake in Bharti Enterprises’ four commercial properties. This includes Worldmark at Aerocity in the national...
Bosch to buy TSI Semiconductors, invest $1.5 billion to expand US output
Germany’s Bosch Group said it is acquiring key assets of US chipmaker TSI Semiconductors. Bosch said on Wednesday it plans to invest $1.5 billion to retool TSI’s chip production facilities in Roseville...
Warburg to exit 3PL Stellar Value Chain
Warburg Pincus is seeking to exit its seven-year investment in Stellar Value Chain Solutions, a third-party logistics company. Investment bank Rothschild has been appointed by the investor to find strategic and...
UFC Owner Endeavor Group to Sell Florida Sports School IMG Academy
Ultimate Fighting Championship owner Endeavor Group said on Tuesday it will sell sports-training school IMG Academy to private equity firm EQT’s Asian unit in an all-cash deal with an enterprise value of $1.25...
HDFC Bank to acquire 20% or more in Griha Pte, gets Singapore regulatory nod
HDFC Bank announced that it will acquire a 20 per cent or more stake in Griha Pte, a wholly-owned subsidiary of HDFC Investments, after receiving regulatory clearance from the Monetary Authority of Singapore (MAS)...
Govt may not sell entire HZL stake after investors’ nudge
The Centre may opt to retain a part of its remaining stake in Hindustan Zinc Ltd (HZL) for an extended period, instead of divesting its entire stake, as the potential investors have expressed their preference for the...
