Xponentia Capital Partners has raised ₹365 crore ($45.7 million) as part of the first close of its second rupee-denominated fund, said top executives at the mid-market private equity firm. Xponentia is aiming to raise a...
Centre not mulling to privatise MTNL: Minister Devusinh Chauhan
With speculations rising on privatising state-owned Mahanagar Telephone Nigam Ltd (MTNL), the Minister of State for Communications Devusinh Chauhan said in a written reply to the Rajya Sabha on 22 July said that the...
NCLT admits plea for insolvency proceedings against Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s petition to initiate corporate insolvency resolution proceedings against Kishore Biyani led-Future Retail Ltd (FRL)...
GSK spins off $36 billion consumer-healthcare business Haleon
GSK PLC completed the spinoff of its consumer-healthcare business, a bet that greater focus on innovative drugs and vaccines will help accelerate growth at the pharmaceuticals giant. The new stand-alone company, called...
Footwear brand Plaeto raises funds from Florintree, others
Bengaluru-based Plaeto, a D2C footwear brand for children, has raised Rs40 crore in a Series A round of funding led by former Blackstone India private equity co-head Mathew Cyriac’s Florintree Advisors and other...
Yes Bank selects JC Flowers to acquire $6 bn bad loans
Yes Bank Ltd’s board has selected JC Flowers Asset Reconstruction Co. as the joint venture partner to buy ₹48,000 crore (around $6 billion) of the private-sector lender’s bad loans. With the final approval from Yes...
KKR might sell entire stake in Max Healthcare for ₹12,000cr
KKR & Co. Inc., the largest shareholder of Max Healthcare Institute Ltd, plans to sell its entire stake in India’s third-largest hospital chain for around ₹10,000-12,000 crore, two people familiar with the...
Airtel closes Google deal, allots 1.2% stake
Bharti Airtel Ltd on Thursday said it has closed the $1 billion investment deal with Google International LLC, with the search giant holding 1.2% in India’s No. 2 telecom service provider. The Sunil Mittal promoted...
CCI approves British oil major Shell’s acquisition of energy firm Solenergi Power
The Competition Commission of India (CCI) on July 12, 2022 approved British oil and gas major Shell’s proposed acquisition of renewable energy firm Solenergi Power. While the deal was announced in April this year...
Twitter sues Elon Musk for violating $44 billion deal
Twitter Inc sued Elon Musk for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order him to complete the merger at the agreed $54.20 per Twitter share. The complaint stated...
M&A in crypto markets rise to near $2.7 bln in Q2 of this year; Coinbase, FTX top acquirers
The pace of mergers and acquisitions (M&A) in cryptocurrencies holds a steady ground in the second quarter (April – June ) of 2022 despite unrest in the market due to the challenging macroeconomic environment...
Mukesh Ambani, Jeff Bezos to bid for German retailer Metro AG’s India operations
Charoen Pokphand Group and Reliance Industries are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail...
