eKincare, a Hyderabad-based healthcare technology start-up, has secured Rs 2.2 crore in a pre-Series-A round of funding. The fundraising was led by existing investor Bitkemy Ventures, with participation from Maheshwari...
Yum in talks with KKR, Hopu, to sell stake in China unit
Yum Brands Inc is in talks with private equity firms KKR & Co LP and Hopu Investments, among others, over the sale of a minority stake in its China operations as it prepares to spin off the once booming unit, two...
Sun Life eyes more Asia expansion after Indonesian deal
Sun Life Financial Inc expects to make further acquisitions in Asia, the Canadian insurer said, after agreeing on Wednesday to take full control of its Indonesian business by buying out partner CIMB Group. Sun Life said...
Exelon’s $6.8 Billion Takeover of Pepco Approved by D.C.
Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington regulators on its third attempt, paving the way for the companies to form the nation’s biggest utility almost two years after...
SunTrust Plans to Hire as Many as 200 in Mid-Market M&A Push
SunTrust Banks Inc., Georgia’s largest lender, said its wholesale-banking business will hire as many as 200 people over the next four years as it seeks to increase mergers-and-acquisition services for mid-size...
Orris Infrastructure raises Rs 100 crore from Xander Finance to clear debt
Gurgaon-based real estate firm Orris Infrastructure has raised Rs 100 crore from nonbanking finance firm Xander Finance in structured debt to return money to an existing investor and complete two ongoing projects, said...
RCom-Aircel extend merger deal talks by 2 months
Reliance Communications is continuing exclusive talks with the promoters of Aircel on combining their wireless businesses, extending the period by 60 days to May 22 following “good progress made so far.”...
Hero Cycles acquires 60% stake in Sri Lanka’s BSH Ventures
Hero Cycles today announced picking up of 60 per cent stake in Sri Lankan bicycle manufacturer BSH Ventures, its third major acquisition within six months, for an undisclosed sum. “The acquisition comes in line...
Sun Pharma to sell AstraZeneca’s diabetes drug in India
Homegrown drug major Sun Pharma on Wednesday entered into a partnership with AstraZeneca for distribution of the latter’s diabetes medicine dapagliflozin in India. As part of the pact, Sun Pharma will sell...
Heineken increases stake in United Breweries to 43%
Dutch beer maker Heineken increased its stake in United Breweries to 43 per cent by buying shares in the open market even as UB chairman Vijay Mallya battles an outrage for loans he owes to banks. Mallya holds 32.45 per...
Air India weighs options to cut govt stake to 51%
Air India is in the process of evaluating several options to bring down the government’s stake once it turns profitable. The national carrier expects to turn profitable in 2018-19, two years ahead of the original...
Sun Communities to buy Carefree Communities for about $1.68 billion
Real estate investment trust Sun Communities Inc (SUI.N) said it would buy privately held Carefree Communities Inc for about $1.68 billion from an affiliate of private equity firm Centerbridge Capital Partners II LP...
