Clearing the way for global retail giant Walmart to enter India’s e-commerce market, the Competition Commission of India (CCI) has approved its $16 billion deal to buy a 77 per cent stake in Flipkart. “CCI India...
Advent Has Held Talks to Sell Pharmacy Company Genoa
Private-equity firm Advent International has held talks with potential buyers about selling pharmacy company Genoa Healthcare, according to people familiar with the matter. Genoa, which could be worth about $2.5 billion...
Hollywood Talent Firm UTA Sells Stake to Take On Larger Rivals
United Talent Agency, which represents stars such as Angelina Jolie and Kevin Hart, sold a minority stake to private equity firms Investcorp and PSP Investments, raising money it will use to acquire companies and...
Future of Media Deals Is on the Line in AT&T Case, U.S. Says
U.S. antitrust officials sent a stark warning to the federal appeals court considering AT&T Inc.’s acquisition of Time Warner Inc.: No less than the future of media is at stake. The case will help establish whether...
Edelweiss group firm buys 3% stake in Techno Electric & Engineering Co
Edelweiss group firm Ecap Equities on Tuesday bought over 3 per cent stake in Techno Electric & Engineering Company for Rs 970 million, through open market transactions. Ecap picked up 3500 thousand shares...
LIC-IDBI deal ends need for IDBI Federal Life stake sale
There is no need for IDBI Federal Life Insurance Co. Ltd to be on the block after the Union Cabinet cleared the decks for Life Insurance Corp. of India (LIC) to pick up a 51% stake in IDBI Bank Ltd. The takeover may see...
Dhoni picks up 25% stake in Run Adam to become firm’s mentor, ambassador
Former Indian cricket captain MS Dhoni has picked up 25 per cent stake in Run Adam, a 360 degree sports Tech-Ecosystem. The platform has been created with a vision to help aspiring sportspersons to hone their talent and...
Insolvency process: Essar Steel litigation delays Uttam Galva resolution
Worried over an inordinate delay in the resolution of Essar Steel’s debt, Indian lenders are taking legal opinion on how to settle the Rs 60-billion debt of Uttam Galva Steels (UGSL). Insolvency proceedings of UGSL is...
IIFL Wealth in talks to acquire Chennai based Wealth Advisors
General Atlantic backed IIFL Wealth Management, is in final stages to acquire a majority stake in Chennai based Wealth Advisors, a private wealth and family officer manager, valuing it at Rs 500 crore. “The promoters...
Japan Tobacco to Acquire Bangladesh Company for $1.5 Billion
Japan Tobacco Inc. agreed to buy a Bangladeshi cigarette maker for 124.3 billion taka ($1.5 billion), taking its acquisition strategy to one of the fastest-growing economies in Asia. The Japanese company is acquiring...
HNA Is Said in Talks to Sell $2.2 Billion Avolon Stake to Orix
HNA Group Co., the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings Ltd. to Japan’s Orix Corp., people with knowledge of the matter...
Dubai’s DP World acquires Danish logistics firm Unifeeder
DP World, one of the world’s largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million). The acquisition from Nordic...
