The board of Adani Enterprises on Tuesday withdrew its earlier decision to spin off the shareholding of the group’s fast-moving consumer goods (FMCG) unit Adani Wilmar (AWL) and transferring the stake to its...
Transocean Discussing Merger With Rival Seadrill as Offshore Downturn Eases
Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Discussions are...
Reliance-Disney merger: CCI approves $8.5-billion deal in detailed order — Here’s what it entails
The Competition Commission of India (CCI) on Tuesday, October 22, published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions...
NCLT dismisses Anil Dhirubhai Ambani Ventures’ plea to block use of ‘Reliance’ brand by Hinduja Group
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL) seeking to stop the Hinduja Group from using the ‘Reliance’ brand as part...
PTC Industries shares rise over 4% on acquiring stake in UK-based Trac Precision Solutions
Shares of PTC Industries Limited jumped more than 4 per cent on Monday, October 21, to ₹13,480 following the announcement of the company’s strategic acquisition of Trac Precision Solutions Limited (TSPL), a UK-based...
Cirque du Soleil Investor Hein Park Explores Stake Sale
Hein Park Capital Management is exploring the sale of its stake in Cirque du Soleil Entertainment Group, the company known for its live shows in Las Vegas and elsewhere, according to people with knowledge of the matter...
Quadria, TPG eye up to 25% stake for $100 mn in Samarth Life Sciences
Private equity investors including Quadria Capital and TPG Capital have expressed initial interest to invest about $100 million for a 20-25% stake in critical care drugs provider Samarth Life Sciences, three people...
Temasek picks 17-18% stake in VFS Global for $950 million
Singapore’s Temasek Holdings Pte. Ltd has signed an agreement to buy 17-18% in Blackstone Inc.-backed VFS Global Services Pvt. Ltd for $950 million, three people aware of the matter said. The deal values the visa...
Weaver Services acquires Capital India Home Loans for ₹267 crore
Weaver Services Private Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, on Wednesday announced the acquisition of Delhi-based Capital India Home Loans Pvt Ltd (CIHL) for ₹267 crore...
Temasek to acquire Rebel Foods stake for $180-200 million
Singapore’s Temasek Holdings is close to buying 20-25% stake in Rebel Foods for $180-200 million, three people aware of the development said, making it the biggest shareholder of the homegrown cloud kitchen chain...
Go First resolution professional can’t become its liquidator, says NCLT
The National Company Law Tribunal (NCLT) on Tuesday said bankrupt Go First’s current resolution professional Shailendra Ajmera cannot be appointed as its liquidator. The NCLT bench, consisting of judicial member...
Labour Scraps UK State Bank Merger in Green Investment Overhaul
The UK’s new Labour government has slashed the amount of taxpayer funds it plans to give its new National Wealth Fund by a fifth and scrapped a proposed merger between two state investment agencies as its ambitions...
