Shareholders in flavors and ingredients maker Frutarom have approved its $7.1 billion acquisition by International Flavors & Fragrances , the Israeli company said on Tuesday. Frutarom said 94.6 percent of the...
PNB Housing Finance stake sale this year, PNB MetLife IPO in the works
Punjab National bank (PNB) is hoping to complete the stake sale in its home loans unit—PNB Housing Finance—by the end of the current financial year and also list its insurance venture PNB MetLife India Insurance Co...
HUL to acquire Karnataka based ice-cream brand Adityaa
Hindustan Unilever has agreed to buy Karnataka based ice-cream brand Adityaa from Vijaykant Dairy and Food Products Limited (VDFPL) for an undisclosed amount, seeking a larger slice of the market that is gradually...
Volkswagen Group owned MAN Trucks exits Indian market
Volkswagen Group-owned MAN Truck & Bus has pulled the plug on the growing Indian market as part of its global plans of focusing on the premium segment of the global market. The company has put its Pithampur plant up...
Australia’s Amcor in talks to buy U.S. packaging company Bemis: WSJ
Australian packaging company Amcor Ltd (AMC.AX) is in advanced talks to buy U.S. rival Bemis Co (BMS.N) the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of Bemis, which has a...
Linde says regulators likely to demand more divestitures in Praxair deal
German industrial gases group Linde said it and U.S. rival Praxair may need to sell more assets than anticipated to secure antitrust approval for their planned $87 billion tie-up, which could scupper the deal. The...
Kraft Heinz Is Narrowing Bidders in $1 Billion India Sale
Kraft Heinz Co. has narrowed the list of bidders for a portfolio of Indian businesses it’s selling that includes the children’s milk drink Complan, people with knowledge of the matter said. Tata Group, India’s biggest...
TPG in talks to buy large stake in big data company Mu Sigma
Data analytics firm Mu Sigma has held discussions with private equity giant TPG Capital for a large stake sale, people briefed on the matter said. The talks may result in a potential sale of the Bengaluru- and Chicago...
John Abraham picks up stake in GNC franchise partner
Bollywood actor John Abraham has picked up a minority stake in Guardian Healthcare, the master franchise partner of US-based health and nutrition company GNC in India. Abraham, a model turned actor and producer, joins a...
L&T divests stake in L&T Tech to meet 25% minimum public shareholding
Larsen & Tourbo (L&T) on Thursday divested its stake in L&T Technology Services to comply with the 25 per cent minimum public shareholding requirement. The engineering giant is offering up to 6.6 million...
Cisco to buy cyber security firm Duo for $2.35 billion
Cisco Systems Inc said on Thursday it would buy Duo Security, a venture capital-backed cyber security company, for $2.35 billion in cash, as it seeks to expand its offerings in cloud computing. The deal is the biggest...
Govt ready to make more changes, if necessary, to IBC
The government is ready, if required, to make further changes to the Insolvency and Bankrutpcy Code (IBC), a senior official said on Friday. While noting that the code is a game changer, corporate affairs secretary...
