Blockchain network 5ire has recently acquired a stake in career advancement platform Network Capital (NC). Network Capital will be rebranded as NC powered by 5ire and Utkarsh Amitabh has been named its chief marketing...
Mensa Brands acquires peanut butter brand Myfitness
D2C (direct to consumer) unicorn Mensa Brands has acquired MyFitness Sports Pvt Ltd, which operates the eponymous peanut butter brand, for an undisclosed sum, the D2C aggregator said on Monday. The company has now...
KKR puts Avendus up for sale
Homegrown financial services group Avendus Capital Pvt. Ltd is up for sale, with private equity firm KKR & Co. planning to exit the company at a valuation of $500-600 million, two people aware of the matter said...
TPG to sell Manipal Health stake, promoter buyback plan fails
Private equity firm TPG has approached investors to sell its stake in Bengaluru-based Manipal Health Enterprises Ltd, after a proposed promoter buyback of TPG’s stake in the hospital chain stalled, three people with...
Fullerton India raises ₹2,795 crore through ECB
Non-bank lender Fullerton India Credit Company Ltd. said it has raised ₹2,795 crore, or around $350 million, through external commercial borrowings (ECBs). The company said it has raised the loan at a margin of 122...
Deere invests billions in self-driving tractors, Smart Crop Sprayers
For decades, Deere & Co. has dominated the hardware that powers the American farm industry with tractors, harvesters and other machinery used to plant seeds and reap crops. Now, Deere aims to extend its dominance to...
RBI nod for Yes Bank stake sale likely by Nov, says CEO
Yes Bank Ltd is hoping to receive approval from the Reserve Bank of India (RBI) in the next two months for its proposed stake sale to infuse ₹8,898 crore, said chief executive Prashant Kumar. The regulator’s approval is...
Reliance subsidiary to buy Shubhalakshmi Polyesters and Shubhlaxmi Polytex
Reliance Petroleum Retail Limited (under name change to ‘Reliance Polyester Limited’), a wholly-owned subsidiary of the Company, today executed definitive documents to acquire polyester business of Shubhalakshmi...
Aris Infra acquires majority stake in Unitern Advisors
Aris Infra, a Mumbai-based business-to-business (B2B) platform in construction and infrastructure materials, said it has acquired a majority stake in Unitern Advisors, a Bengaluru-based end-to-end real estate solution...
EY decides to split into two firms
Global professional services firm EY said it has decided to move forward with partner votes to separate into two distinct, multi-disciplinary organisations. EY said in a statement that the decision was taken after a...
Reliance Retail to invest in Big Cola, Aakash Namkeen
After completing the acquisition of soft drink brand Campa, Reliance Retail is looking to add more fast-moving consumer goods brands to its portfolio. The company is expected to sign a joint venture agreement with AJE...
China Evergrande’s stake in regional bank sold for $1.05 billion
A consortium of Chinese state-owned and private companies agreed to pay the equivalent of $1.05 billion for a minority stake in a domestic bank held by China Evergrande Group, helping the troubled property developer...
