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...
Mint
Large user base in India will bring global M&A under CCI
Global mergers and acquisitions are set to come under the scrutiny of the Competition Commission of India (CCI) if the parties meet a specified customer base in India that the antitrust regulator will specify after...
William Penn acquires Sheaffer brand
William Penn, a multi-brand retailer and distributor of writing instruments and accessories, said it has acquired Sheaffer, a 110-year-old iconic American brand, particularly known for its premium fountain pens. The...
Amazon in talks to buy logistics unicorn Ecom Express
Amazon.com Inc. is in initial talks to acquire more than 51% in logistics unicorn Ecom Express Ltd for $500-600 million, two people aware of the plans said, as the e-commerce giant aims to build an in-house logistics...
Nykaa buys digital lifestyle platform Little Black Book
Online fashion retailer Nykaa has agreed to acquire digital lifestyle guide Little Black Book for an undisclosed sum. Nykaa, run by FSN E-commerce Ventures Ltd, will acquire the content-led shopping platform in an all...
Sebi orders forensic audit of Future Retail’s financials
The Securities and Exchange Board of India (Sebi) has ordered a forensic audit of the financials of Future Retail, the company told the stock exchange on Thursday. Future Consumer, a subsidiary, said Sebi has written to...
ARCIL bids for Yes Bank bad loan
Asset Reconstruction Co. of India (ARCIL) has emerged as the single challenger bidder to acquire Yes Bank’s ₹48,000 crore bad loan portfolio, two people aware of the matter said. The Avenue Capital-backed ARC has also...
TD Bank nears deal to buy Cowen
Toronto-Dominion Bank is close to a more than $1 billion deal to buy investment bank Cowen Inc., according to people familiar with the matter. A deal valuing Cowen at around $39 a share could be unveiled as soon as...
ITC exits lifestyle retailing business
FMCG major, ITC has exited its lifestyle retailing business. The decision was made after a strategic review of its business portfolio. In June this year, ITC’s chairman hinted at key changes in the lifestyle...
Sebi invites bid for sale of properties of Mega Mould, Remac Realty
Market regulator Sebi has invited bids for the sale of properties of Mega Mould India and Remac Realty India and their promoters as part of their recovery proceedings through the e-auction platform. The bidders are...
For merger, HDFC Bank to raise ₹2.7 trillion
HDFC Bank Ltd is likely to raise at least ₹2.2 trillion from public deposits and corporate bonds, and an additional ₹50,000 crore from similar papers to meet capital requirements and other pre-requisites stipulated by...
Debt issues delay Ernst & Young split plan
Ernst & Young’s effort to split its audit and consulting businesses has been slowed by a change in its U.S. leadership, as well as complications over its multibillion-dollar debts, according to people familiar with...
