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...
Bed Bath & Beyond files for bankruptcy, its stores to remain open for customers
Following years of dismal sales and losses, US retailer Bed Bath & Beyond on Sunday filed for bankruptcy. The company has listed its assets and liabilities in the range of $1 billion to $10 billion. The move comes...
Reliance Industries to withdraw merger of new energy business with itself
Reliance Industries on Saturday said the company’s board has withdrawn the proposal to merge subsidiary Reliance New Energy Limited (RNEL) with it, and RNEL will undertake the conglomerate’s renewable energy...
HDFC merger gets partial rule waiver
The Reserve Bank of India (RBI) has granted HDFC Bank several exemptions to smoothen its merger with Housing Development Finance Corp., but none on the critical reserve and liquidity ratios: the combined entity must...
Megha Engineering acquires KPSI transmission project from RECPDCL
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of state-owned REC Limited, has transferred the KPS1 Transmission Ltd project-specific Special Purpose Vehicle (SPV) to Megha Engineering &...
NCLT OKs resolution plan worth ₹250 crore for Unimark Remedies
The National Company Law Tribunal in its order approved the resolution plan for Unimark Remedies, which was submitted by a consortium of Asset Reconstruction Company (India), Intas Pharmaceutical and Shamrock...
