SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with CNBC on Friday. “My legal team...
‘India could soon be a $200 bn M&A market’
While IPO fundraising activity has been subdued this year due to global macro challenges, investment banks have witnessed growing opportunities in mergers and acquisitions (M&As). In an interview, S. Ramesh...
RIL among 16 interested in Future Retail’s IBC assets
Mukesh Ambani’s Reliance Industries is among 16 suitors who have submitted expressions of interest (EoI) to take over Future Retail Ltd, a person aware of the development said. While news reports said the Adani Group...
Neobank startup ZikZuk acquires TaxSpanner.com
Neobank startup ZikZuk Technologies announced the acquisition of Spanacross IT Solutions, known as TaxSpanner.com, for an undisclosed amount. Delhi-based, TaxSpanner.com caters to over one million users and has a suite...
Sequoia Capital India sells stake in Indigo Paints for ₹210 crore
Sequoia Capital India on Wednesday divested nearly 3.3 per cent stake in paint manufacturer Indigo Paints for ₹210 crore through open market transactions. According to the bulk deal data available with the BSE, Sequoia...
Adani to buy stake in Indian Oiltanking for $129 million
Adani Ports and Special Economic Zone Ltd. has agreed to buy a 49.38% stake in liquid storage facility company Indian Oiltanking Ltd. for 10.5 billion rupees ($129 million) as its billionaire founder, Gautam Adani...
Piramal Enterprises to raise up to ₹650 cr through NCDs
Piramal Enterprises said its board has approved raising of up to ₹650 crore by issuing non-convertible debentures. The size of the issue is up to ₹50 crore with an option to retain over subscription of up to ₹600 crore...
Shilpa Medicare plans API biz stake sale
Shilpa Medicare plans to sell a stake in its API (active pharmaceutical ingredient) business, its high-revenue generating unit that was spun off into a separate entity this July, said two people aware of the matter. The...
Viatris to sell Famy Care, prepares to exit non-core biz
US healthcare company Viatris Inc. has put its India-focussed women’s healthcare business Famy Care Pvt. Ltd for sale as part of its global strategy to divest non-core businesses, three people familiar with the...
Adani to raise ₹2,000 crore through retail bond sale
Adani Enterprises Ltd (AEL) plans to raise as much as ₹2,000 crore through a maiden retail bond sale by December, two bankers aware of the matter said. The flagship of billionaire Gautam Adani has secured an A+ rating...
KKR, Temasek eye stakes in Manipal Health
KKR and Co. and Temasek are in separate advanced talks with TPG and National Investment and Infrastructure Fund (NIIF) to buy out their stakes in Ranjan Pai-controlled hospital chain, Manipal Health Enterprises Pvt...
Niva Bupa and IDFC First Bank partner for bancassurance
Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company), has announced its corporate agency partnership with IDFC First Bank to provide best-in-class health insurance solutions...
