In a landmark decision, Adani Group’s Adani Sportsline forayed into franchise cricket by acquiring the rights to own and operate a franchise in UAE’s flagship T20 league. The UAE T20 League, licensed by...
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Adani Leads The Race To Buy Ambuja And Acc With $13.5 Bn In Kitty
Adani Group has taken the lead in the race to buy Switzerland-based Holcim’s India arms—Ambuja Cements Ltd and ACC Ltd—with a war chest of $13.5 billion for the deal, two people with direct knowledge of the matter said...
Cognizant Plans To Make Fewer Acquisitions This Year
Cognizant Technology Solutions Corp. has posted an 11.5% growth in March quarter net profit to $563 million, and revised its full-year revenue growth guidance for 2022 to 9-11% in constant currency terms. In an...
Eris Lifesciences Steps In Dermatology Therapy Biz, To Buy Oaknet Healthcare For ₹650 Cr
Eris Lifesciences has stepped into the dermatology therapy business through its acquisition of a 100% stake in Mumbai-based dermatology-focused domestic formulations company Oaknet Healthcare. The transaction values to...
Signature Global Raises ₹400 Crore From Hdfc Capital
Affordable housing developer Signature Global has raised ₹400 crore from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital. The funding will be used for land acquisition and project...
Internet services provider Excitel raises $11.5 million
Internet services provider Excitel has raised $11.5 million from existing and new investors based out of Europe. The funds will be used for gaining subscriber market share over the next few years, said chief executive...
Toplyne Raises $15 Million From Tiger Global, Sequoia Capital And Others
Software-as-a-service (SaaS) startup Toplyne raised $15 million (about ₹115 crore) in a funding round led by Tiger Global and Sequoia Capital India. Existing investors Together Fund, Sequoia India’s Surge and...
Tata Coffee, Tcpl Merger In 12 To 14 Months: Official Says ‘no Roadblock Ahead’
Tata Coffee Ltd and Tata Consumer Products Ltd (TCPL) merger will be completed in 12-14 months, an official said. And further revealing that the two companies are in the early stages of filing the regulatory process, he...
Bodhi Tree Systems Invests $600 Mn In Allen Career, Second Deal In A Week
Bodhi Tree Systems, the newly formed platform backed by James Murdoch and former broadcast executive Uday Shankar, has agreed to invest $600 million in test prep business Allen Career Institute, in the platform’s second...
Tata Capital’s Fund Keen On Aarthi Stake
The healthcare fund of private equity firm Tata Capital Ltd is in talks to invest in a Chennai-based diagnostics company as it seeks to boost its exposure to the sector, a person familiar with the development said. Tata...
Brookfield Entity Sagen To Acquire 31% In Imgc
The India Mortgage Guarantee Corporation (IMGC) today announced that Sagen MI Canada has signed a definitive agreement to acquire a stake representing approximately 31% of the Company in a primary funding round. The...
Cyient To Acquire Singapore-based Grit Consulting For $37 Million
Cyient Ltd. said on Thursday it is set to acquire Singapore-based Grit Consulting for a total consideration of $37 million, to strengthen its technology consulting practice and gain access to new customer portfolios...
