Jain Irrigation Systems Ltd’s (JISL) food processing arm has raised Rs 402 crore from Mandala Capital for growth of the company. The company’s subsidiary Jain Farm Fresh Foods Ltd (JFFFL) today announced...
Reliance Capital completes 23% stake sale in life insurance venture
Reliance Capital, part of Anil Ambani-led Reliance Group, on Wednesday announced the completion of an additional 23 per cent stake sale in Reliance Life Insurance (RLI) to Nippon Life Insurance (NLI) for Rs 2,265 crore...
Tata-Corus: A merger of inconvenience
The Corus group – born out of a deal between British Steel and Koninklijke Hoogovens in 1999 – has failed the merger test once before. The Anglo-Dutch merger was meant to revive the ailing British Steel...
Canada’s Stantec agrees to buy MWH in $793 million cash deal
Canadian engineering firm Stantec Inc (STN.TO) said on Tuesday it had agreed to purchase MWH, a water resources infrastructure company based in Colorado, for $793 million in cash. Stantec said the acquisition of MWH...
China’s Shandong Ruyi to take over Sandro, Maje labels
China’s Shandong Ruyi (002193.SZ) is set to buy control of SMCP, the French firm behind fashion brands Sandro, Maje and Claudie Pierlot, for 1.3 billion euros ($1.5 billion) including debt, two sources close to...
Newspapers Gobble Each Other Up to Survive Digital Apocalypse
Newspapers have settled on a strategy to stop withering away: feast on each other for survival. For the owners of big-city dailies like the Chicago Tribune and Denver Post, buying smaller publications and slashing costs...
Evergrande to Expand Mainly Through Mergers After Buying Spree
Evergrande Real Estate Group Ltd., the Chinese real estate developer that has embarked on a buying spree since last year, said it will keep expanding mainly through mergers and joint ventures, and will also seek to...
JSPL in talks with Japan company for rail mill divestment.
Jindal Steel and Power (JSPL) is in advanced discussions with Japan’s Yamato Kogyo Company Ltd to sell up to 49% stake in its rail mill unit at an estimated Rs 3,000 crore, two people familiar with the development...
Tata Steel puts entire UK business up for sale.
Tata SteelBSE 1.15 % is considering the sale of its entire UK business to stem heavy losses, a move after almost a decade-long unsuccessful foray into Britain. Tata Steel said the financial performance of its UK arm had...
Thai Union Group to buy 40% stake in Avanti Feeds’ shrimp processing unit.
Thai Union Group Pcl, the world’s largest canned tuna maker, said on Tuesday it would spend 1.25 billion Indian rupees ($18.80 million) to buy a 40 percent stake in the shrimp processing unit of Avanti FeedsBSE 4...
Sachin Tendulkar-backed firm Universal Sportsbiz looks to raise up to $20 million.
Sachin Tendulkar-backed fashion firm Universal Sportsbiz is looking to raise up to $20 million (around Rs 130 crore) as it gears up to open 100 exclusive outlets for flagship brand Wrogn in three years. The company...
Vodafone to acquire YOU broadband for Rs 400 crore.
Vodafone India has signed a pact to buy YOU Broadband for around Rs 400 crore and has sought approval from the Foreign Investment Promotion Board, said two people familiar with the transaction. On January 16, ET...
