Cipla Ltd, and its wholly owned subsidiaries, Cipla (EU) Limited, and Meditab Holdings Limited, have signed a Share Purchase Agreement with Africa Capitalworks SSA 3 for the sale of a 51.18% stake in Cipla Quality...
Mint
GIC, ADIA buy Sona stake from Blackstone
Singapore’s sovereign wealth fund GIC, Abu Dhabi Investment Authority (ADIA), and a clutch of other investors purchased shares of Sona BLW Precision Holding (Sona Comstar), as private equity Blackstone Inc. sold its 20...
Abu Dhabi’s Royal Group mulls takeover of SVB’s UK unit
Royal Group, an investment firm controlled by a top Abu Dhabi royal, is considering a possible takeover of the UK arm of Silicon Valley Bank following its collapse last week, according to people familiar with the matter...
Blackstone to sell stake in Sona Comstar for $640 mn
Blackstone, the world’s largest alternative asset manager, is selling its remaining stake in Sona BLW Precision Forgings Ltd (Sona Comstar) for $640 million, two people aware of the deal said. The sale of shares through...
Gautam Adani to sell stake in cement business for $450mn to reduce debt: Report
Gautam Adani, the chairperson of the Adani Group, is planning to sell stake in the cement business for $450 million with aim to reduce debt, reported Financial Times. Adani is looking to sell 4-5 per cent stake in...
Reliance Industries completes acquisition of two polyester firms
Reliance Industries subsidiary Reliance Polyester Limited has completed the acquisition of the polyester business of Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited. RIL informed the investors about this...
Torrent moves SC after NCLAT verdict favouring RCap lenders
Torrent Investments, one of the highest bidders in Reliance Capital (RCap) insolvency, moved Supreme Court challenging a recent order by National Company Law Appellate Tribunal (NCLAT), a court listing showed .“The...
Adani Group acquires NDTV promoters’ additional 27.26% stake for ₹602 cr
Billionaire Gautam Adani now owns a majority stake in Prannoy and Radhika Roy-promoted news broadcasting company New Delhi Television Ltd. On Friday, Adani Enterprises, through its indirect subsidiary RRPR Holdings...
Samvardhana Motherson Automotive fully acquires SMR Jersey
Samvardhana Motherson Automotive Systems — a subsidiary of Samvardhana Motherson International Limited has fully acquired SMR Jersy as its stake in SMR Jersy has surged to 100 per cent in latest 1.55 per cent stake buy...
Harris Associates sells entire Credit Suisse stake
Harris Associates sold its entire stake in Credit Suisse Group AG, according to the Financial Times, ending ties with the firm after about two decades of ownership and piling further pressure on the Swiss bank’s...
Doms acquires 30% stake in toy company ClapJoy
Doms Industries Pvt. Ltd, controlled by Italian stationery company F.I.L.A. Group, has acquired a 30% stake in toymaker ClapJoy Innovations for an undisclosed amount. The move is part of Doms Industries’ strategy to...
Kansai Nerolac Paints acquires 40% stake of Nerofix from Polygel for ₹37 crore
The Board of Kansai Nerolac Paints (KNPL) has approved the acquisition of shares (40 per cent of the total shareholding) of Nerofix from Polygel for a cash consideration of ₹37 crore. In January 2020, KNPL had acquired...
