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...
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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...
Blackstone acquires International Gemological Institute for $535 million
Global private equity firm Blackstone has acquired 100% stake in International Gemological Institute (IGI) from China-based investment firm Fosun, and Roland Lorie, who belongs to the founding family, the firm said in a...
NCLT rejects plea against Zee
In a significant relief to broadcaster Zee Entertainment Enterprises, the Mumbai bench of the National Company Law Tribunal (NCLT) on Friday rejected an insolvency petition filed against it by IDBI Bank. On 15 December...
