Private sector ICICI Bank today said it has sold 9 per cent stake in its general insurance venture ICICI Lombard while 2 per cent stake in life insurance subsidiary ICICI Prudential for about Rs 2,200 crore. The bank...
GCPL makes 2nd acquisition this year
The consumer arm of the $2.25-billion (Rs 13,500 crore) Godrej Group has made its second acquisition this calendar year in US-based Strength of Nature (SON). Godrej Consumer Products (GCPL), whose consolidated FY15...
HCL Technologies to acquire Geometric
HCL Technologies, the country’s fourth largest information technology services and solutions company, will acquire Mumbai-headquartered Geometric, an engineering solutions and services entity. The entire business...
Ratan Tata invests in Moglix
Moglix, an e-commerce company specialising in B2B (business-to-business) procurement of industrial products, has raised an undisclosed funding from Tata Sons chairman emeritus Ratan Tata. This marks Tata’s entry as an...
Blackstone Group considering $3.38 billion mall deal in Brazil
Investment firm Blackstone Group LP hired advisers from JP Morgan Chase & Co. to consider acquiring a controlling stake in Brazilian shopping mall operator BR Malls Participacoes SA , a newspaper reported on Sunday...
HPE to sell its stake in Mphasis to Blackstone for $825 mln
Hewlett Packard Enterprise to divest its equity stake in Mphasis to Blackstone * Blackstone has agreed to purchase at least 84 pct of HPE’s stake in Mphasis for INR 430 per share * HPE’s stake is valued at...
Alaska Air looking to buy Virgin America for $2 bn
Alaska Air Group Inc is nearing a deal to acquire Virgin America Inc, the ninth-largest US airline by passenger traffic, for more than $2 billion, having outbid JetBlue Airways Corp, people familiar with the matter said...
Vini Cosmetics promoter Darshan Patel plans to raise Rs 400 crore to fund buyouts.
Darshan Patel, the promoter of Ahmedabad-based Vini Cosmetics that makes Fogg deodorant, plans to raise Rs 400 crore in 2016-17 from private equity players as he eyes acquisitions in the skincare and haircare space. The...
Steel tycoon Gupta keen on buying Port Talbot plants
UK-based Indian steel tycoon Sanjeev Gupta has come to the rescue of the troubled Tata Steel by opening discussions with owners of the steel giant to acquire its plants at Port Talbot, Britain’s largest employing some...
Sterlite ups Asarco bid by $500 m
The UK-based Vendanta Resources’ subsidiary Sterlite Industries on Thursday said it has raised its offer for the operating assets of bankrupt US copper mine Asarco by about $500 million. The revised bid will be $2...
Bharti-MTN extend merger talks till Sept
Bharti Airtel and South African telecom major MTN have decided to extend their talks for a possible merger till September 30. This is the second time the two companies have extended the exclusivity period. Earlier, they...
WM group acquires Humboldt Wedag coal & minerals technology
B M Khaitan-controlled Williamson Magor (WM) group formally acquired KHD Humboldt Wedag International GmbH’s wholly owned subsidiary Humboldt Wedag Coal & Minerals Technology GmbH engaged in the business of...
