Taxi hailing service Ola, run by ANI Technologies Pvt. Ltd, has acquired mobile payments company Quarth, in an attempt to strengthen its mobile wallet service Ola Money launched in November last year. Quarth, which runs...
Tata Sons buys over 1% stake in Titan for around Rs312 crore
Tata Sons Ltd, promoter of the Tata Group companies, has bought Rs.312 crore worth of Titan Co. Ltd shares from Tata Global Beverages Ltd, as Tata Sons intends to consolidate its ownership of operating firms. In its...
Bharti Airtel to sell tower assets in Tanzania for $180 mn
Bharti Airtel is continuing to monetise its passive infrastructure assets in Africa. The company said on Monday it had entered into an agreement with American Tower Corporation (ATC), through its subsidiary, Airtel...
Godrej Properties floats new funds arm, raises Rs 1,900 cr
In the biggest fund-raising by a real estate fund manager this year, Godrej Fund Management (GFM), the newly created real estate fund management arm of Godrej Properties, raised $275 million (Rs 1,900 crore) from...
CCI asks PVR to sell some assets to clinch deal with DT Cinemas
The Competition Commission of India (CCI) has asked PVR Cinemas to first divest some of its assets if it wants to acquire DT Cinemas, which is real estate major DLF’s cinema exhibition business. The decision...
Canada’s Bankers Petroleum agrees to takeover by Chinese firm
Canada’s Bankers Petroleum Ltd , one of Albania’s largest foreign investors, said on Sunday it has agreed to be acquired by affiliates of China’s Geo-Jade Petroleum Corp for C$575 million ($442.34...
Wilbur Ross to buy Nexeo from TPG for $1.6 billion
Billionaire investor Wilbur Ross has reached a deal to buy Nexeo Solutions Holdings LLC, a distributor of plastic resins and chemicals, for roughly $1.6 billion, including debt, a person familiar with the matter told...
Sherwin-Williams paint company to buy Valspar for $9.3 billion
The Sherwin-Williams Co (SHW.N) has agreed to acquire rival U.S. paint company Valspar Corp (VAL.N), the companies said on Sunday, in an all-cash deal valued at about $9.3 billion. Sherwin-Williams will pay $113 a...
Affymetrix Rejects $1.5 Billion Origin Bid, Favors Thermo
Affymetrix Inc. said its board rejected a $1.5 billion acquisition bid from Origin Technologies Corp. and instead continues to recommend its previously planned merger with Thermo Fisher Scientific Inc. Origin’s cash...
KKR to buy Airbus defence electronics unit for $1.2 billion
Buyout firm KKR & Co agreed to buy Airbus Group SE’s defence electronics business for euro 1.1 billion ($1.2 billion) as the European planemaker reorganises its military and space operations. Airbus said it...
Sistema Shyam shareholders approve merger with Reliance Communications.
Shareholders of telecom operator Sistema Shyam Teleservices (SSTL), which runs the MTS brand, today approved the merger of the company with Reliance CommunicationsBSE 0.48 % in a meeting convened by the Rajasthan High...
Zee Entertainment in talks to acquire Anil Ambani’s Reliance Broadcast Network.
Subhash Chandra promoted Zee Entertainment Enterprises (ZEE) is in advanced talks with Anil Ambani’s Reliance Broadcast Network Ltd (RBNL) to acquire 49% stake in the latter’s BIG FM radio business as well...
