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...
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Bank of Baroda to divest up to 12.5% stake in insurance arm IndiaFirst
Bank of Baroda will divest up to a 12.5% stake in the insurance arm IndiaFirst Life Insurance Company through an offer for sale in the initial public offer (IPO) of the insurer or any other mode. The Bank’s board...
Care Hospitals buys significant majority stake in United Ciigma
TPG-backed Care Hospitals has acquired a “significant majority” stake in Aurangabad-based United Ciigma Hospital in its third acquisition since April as part of a strategy to deepen its presence in fast-growing...
Amazon files plea in SC against NCLAT ruling in Future case
Amazon India on Friday filed a petition before the Supreme Court challenging the National Company Law Appellate Tribunal’s ruling that upheld the Competition Commission of India’s order suspending the US...
Manjushree Technopack adds Hitesh to its string of acquisitions
Plastics packager Manjushree Technopack Ltd (MTL), backed by US private equity firm Advent International, has agreed to acquire 100% of the business operations and manufacturing facilities of Hitesh Plastics, a...
Eutelsat, OneWeb agree $3.4 bn all-share merger to rival SpaceX
Eutelsat Communications SA and OneWeb Ltd are set to combine in an all-share deal valuing the UK satellite operator at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musk’s SpaceX...
CCI okays Blackrock and Mubadala’s ₹4,000 cr stake acquisition in Tata Power’s renewable energy arm
The Competition Commission of India (CCI) on Tuesday approved stake acquisition in Tata Power-backed renewable energy subsidiary, Tata Power Renewable Energy by BlackRock Real Assets-led consortium, including Mubadala...
Sale plan on hold, Metropolis aims to raise $500mn
Leading diagnostics chain Metropolis Healthcare Ltd is looking to raise at least $500 million to finance acquisitions in the healthcare and diagnostics lab space, two people familiar with the matter said. The company’s...
Everstone Capital is looking to sell Servion Global stake
Everstone Capital is in discussions with other private equity firms and strategic investors to exit one of its bets in the information technology sector, said two people aware of the matter. The India-focused private...
LIC reduces stake by 2% in Sun Pharma to 5.024%
Life insurance giant, LIC on Monday announced offloading of a portion of its stake in pharma major, Sun Pharmaceuticals Industries. LIC has trimmed its stake by 2.002% in the pharma company. Both LIC and Sun Pharma...
Xponentia Capital raises $46 mn in first close of funded
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...
