Shared living operator Stanza Living has raised $57 million ( ₹425 crore) in debt financing led by Kotak Mahindra Bank and RBL Bank. Existing lender Alteria Capital also participated in the round. The proceeds will be...
Aquaconnect raises $8 mn in debt from Trifecta Capital
Aquaconnect, go-to-store for all aquaculture needs, raises approximately ₹60 crore ($ 8 million) in a debt funding round launched by Trifecta Capital. As per PTI, the Chennai-based startup will use the money to...
Warren Buffett strikes agreement to acquire Alleghany Corp for $11.6 billion
Warren Buffett’s Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment...
HUL in discussion to buy MDH
Hindustan Unilever Ltd is in talks with Mahashian Di Hatti Pvt. Ltd (MDH) to buy a majority stake in the maker of MDH Spices, two people familiar with the development said. MDH could be valued between ₹10,000 crore and...
Reliance Industries-ACRE wins bid to acquire Sintex Industries, proposes to delist shares
Sintex Industries’ lenders have approved the joint bid of Reliance Industries (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles firm under the insolvency resolution...
Govt seeks to merge BharatNet with BSNL this month: Report
In the telecom sector, the merger of two government-owned companies have taken limelight on Sunday. It is said that Bharat Broadband Nigam Limited (BBNL) will be merging with loss-making telecom operator Bharat Sanchar...
KKR & Co. to buy Japan real-estate manager for $2 billion
KKR & Co. has agreed to acquire a Japanese real-estate joint venture between Mitsubishi Corp. and UBS Group AG for $2 billion, it said Thursday. KKR said the acquisition will deepen its presence in Japan and expand...
Brookfield to invest $263 mn for a minority stake in Jindal Poly Films
Canadian investment firm Brookfield Asset Management Inc. on Thursday said it has signed an agreement to pick up a minority stake in packaging films business from Jindal Poly Films Ltd. (JPFL) for ₹2,000 crore (around...
CCI approves Warburg Pincus’ investment in Micro Life Sciences
The Competition Commission of India (CCI) has cleared a minority stake acquisition in Micro Life Sciences Pvt. Ltd by South Elm Investments B.V., a Dutch investment holding company. The shareholders of South Elm...
Torrent Power buys 51% stake in Dadra and Nagar Haveli & Daman and Diu discom
Torrent Power Limited on Wednesday said it will buy 51% stake in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation. Torrent Power has entered into an agreement with the administrator of the Union...
Tata 1mg makes strategic investment in diagnostic platform 5C Network
Health technology platform Tata 1mg has invested in digital diagnostic platform 5C Network for an undisclosed amount. Other investors who took part in this round include Vikram Vuppala (founder, and CEO at Nephroplus)...
Mahindra & Mahindra to increase stake in Carnot Tech with ₹14 crore investment
Mahindra & Mahindra is looking to increase its stake in Carnot Technologies Pvt Ltd to 52.69% with an investment of around ₹14 crore, the company said on Wednesday. M&M will make a primary infusion of...
