Antfin Singapore Holdings is looking to sell a 1.54% stake in Zomato in a block deal valued at $408 million, deal terms reviewed by Mint show. The shares will be sold at a floor price of ₹251.68 per share, the terms...
JSW Neo, Sembcorp, ONGC shortlisted to acquire NIIF backed Ayana in $800 million deal, binding bids by 19 August
State-run Oil and Natural Gas Corp. (ONGC), JSW Group’s JSW Neo Energy, and Singapore’s Sembcorp Industries Ltd have been shortlisted to submit binding bids to buy a significant majority stake in Ayana Renewable Power...
LIC decreases stake by 2 percent in air conditioners giant Voltas
Life Insurance Corporation of India (LIC) decreased its equity stake shareholding in Voltas from 22,685,279 shares to 15,731,283 shares or from 6.856 per cent paid up capital of the company to 4.754 per cent — a drop of...
JSW Steel to buy 66.67% in Australian coking coal miner for $170 million
JSW Steel will acquire the controlling stake in an Australian miner for $170 million as India’s largest steelmaker seeks to secure the supply of coking coal—a key raw material that is scarce in India—to meet its...
NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital
The National Company Law Tribunal (NCLT) on Monday instructed the Reserve Bank of India (RBI) and the Department of Industrial Policy and Promotion (DIPP) to expedite approvals necessary for Hinduja-owned IndusInd...
CreditAccess looks to sell off India biz to new owner with $2.7 bn valuation
India’s largest microlender Credit Access Grameen Ltd may soon have a new owner with its Dutch promoter looking to exit, two people aware of the development said. The Netherlands-based CreditAcccess India B.V...
Thyssenkrupp to Sell Site Stake in Tussle Over Steel Future
Thyssenkrupp AG’s steel unit plans to sell a stake in an industrial site in Germany after a supervisory board meeting ended without agreement on a broader restructuring of the ailing division. As part of a push to lower...
PB Fintech to steer clear of majority-stake acquisitions following MyLoanCare experience
PB Fintech, the owner of Policybazaar and Paisabazaar, plans to move away from taking a majority stake when acquiring companies following the exit of the founder of MyLoanCare, which it bought in 2021. PB Fintech will...
Govt considers shedding up to 5 percent stake in LIC in this fiscal: Report
The government may consider selling up to 5 per cent stake in the state insurer Life Insurance Corporation (LIC) this financial year in order to meet the minimum public shareholding (MPS) norm, Business Line reported...
Airtel’s data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal
Bharti Airtel is unlikely to merge its data centre business-Nxtra-with tower provider Indus Towers, as the company would prefer flexibility by keeping the assets unbundled, top executives of the country’s second...
The big hospital merger: Aster DM, Care to sign deal next month
Bengaluru-based Aster DM Healthcare and Hyderabad-based Care Hospitals plan to join hands next month in a marriage blessed by private equity giant Blackstone, two people aware of the matter said. While Aster DM promoter...
The big picture behind Google’s largest acquisition failure
Two weeks ago, the tech industry was abuzz with the news of Alphabet, Google’s parent, trying to acquire cloud security startup Wiz for around $23 billion. It was to be Alphabet’s largest acquisition ever...
