Private equity major Blackstone will sell Sona BLW Precision Forgings Ltd’s shares worth ₹3,971.7 crore through a block trade today, according to the terms of the deal. Shares of the auto component manufacturer will be...
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ONGC ties up with ExxonMobil for deepwater exploration
State-run ONGC has signed a heads of agreement (HoA) with global petroleum giant ExxonMobil for deepwater exploration in the east and west coasts of India. A statement from ONGC said that the collaboration areas focus...
Yes Bank invests in startups incubator Venture Catalysts
Yes Bank invests in Venture Catalysts Group Funds (Venture Catalysts), which is an integrated incubator that offers funding, mentorship, and network to startup founders from the idea inception stage to the growth stages...
SPAC activity in July reached the lowest levels in five years
SPACs were one of the hottest investments on Wall Street early last year, booming alongside cryptocurrencies, meme stocks and other speculative trades as an easy way for buzzy startups to raise money and go public. Fast...
Ontario Teachers’ to pick up stake in Sahyadri Hospitals from Everstone
The Ontario Teachers’ Pension Plan Board said it has agreed to acquire a significant majority stake in the Sahyadri Hospitals chain from the Everstone Group in the Canada-based investor’s first control private equity...
Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr
Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an...
Razorpay to pick up stake in Ezetap
Tiger Global-backed fintech unicorn Razorpay has agreed to buy a controlling stake in payment solutions startup Ezetap Mobile Solutions for $126 million ( ₹1,000 crore) in a cash-and-stock deal, two individuals familiar...
Drone delivery firm Skye Air ties up with Flipkart Health
Drone delivery firm Skye Air Mobility has partnered with Flipkart Health, a pharma business division of e-commerce platform Flipkart Internet Pvt. Ltd. to deliver medicines by drone, said a statement from the companies...
SBI starts insolvency proceedings against Bajaj Hindusthan Sugar
Country’s largest lender SBI has initiated insolvency proceedings in the National Company Law Tribunal (NCLT) against Bajaj Hindusthan Sugar, the company said in a regulatory filing on Tuesday. The petition has...
Centre to rework IBC reform proposals
The government is set to further rework reforms planned in the Insolvency and Bankruptcy Code (IBC) to step up the pace of salvaging sinking businesses and open up the distressed assets market in India to overseas...
Quadria Capital eyes Concord Biotech exit
Healthcare-focused private equity fund Quadria Capital will sell its entire 20% stake in active pharmaceutical ingredients (API) maker Concord Biotech in the company’s initial public offering (IPO). Rare Enterprises...
Shell completes acquisition of Sprng Energy
Shell plc has completed the acquisition of Solenergi Power Private Ltd. and with it the Sprng Energy group of companies from Actis Solenergi Limited (Actis). On 29 April, Shell Overseas Investment B.V., a wholly owned...
