Assets will be located across West Bengal, Bihar, Assam, Haryana and Madhya Pradesh, says CEO Harsh Shah IndiGrid Infrastructure Investment Trust (InvIT) is looking to buy four transmission assets worth₹7,000 crore by...
ISS recommends against Instructure’s proposed sale to Thoma Bravo
Four investment firms opposing the sale of U.S. educational software company Instructure Inc (INST.N) to private equity firm Thoma Bravo picked up support on Monday when an influential proxy advisory firm came out...
Germany’s Evonik wins U.S. legal fight to buy hydrogen peroxide maker PeroxyChem
A federal judge has ruled that Germany’s Evonik Industries AG’s (EVKn.DE) proposed purchase of rival U.S. hydrogen peroxide maker PeroxyChem Holding Company is legal under antitrust law. In a brief order issued late...
AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys
U.S. drugmaker AbbVie’s (ABBV.N) $63 billion tie-up with Allergan (AGN.N) is getting help from Nestle (NESN.S) and AstraZeneca (AZN.L) buying up products the Irish-domiciled company is shedding to placate regulators...
Air India bidders must absorb $3.3 billion debt to buy airline
Bidders for Air India Ltd will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier. The entire company will be sold but effective...
Govt to sell 100 pc stake in Air India; issues bid document
The government has published a memorandum on preliminary information for 100% stake sale of national carrier Air India whereby the management control of the airline would also be transferred to the successful bidder...
NTPC may not conclude THDCIL, NEEPCO acquisition deal this fiscal: Source
State-run power giant NTPC is unlikely to conclude its about ₹10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source. The...
Siemens to acquire New Delhi-based C&S Electric for around ₹2,100 crore
Attracted by India’s electrification drive, Siemens AG will acquire New Delhi-based C&S Electric Limited for around Rs.2,100 crore (euro 267 million). The announcement to acquire 99% stake in C&S Electric comes...
NCLAT sets aside insolvency proceedings against Raheja Developers
Providing a major relief to Raheja Developers, the National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against the NCR-based real estate firm and handed over the management of the...
Cigarette maker Godfrey Phillips up for sale
Documents seen by BusinessLine indicate that key promoter entities, led by KK Modi Family Trust, have reached out to global investment bankers, including Goldman Sachs, Morgan Stanley, JP Morgan and Credit Suisse, for...
India calls for bids as it seeks to sell entire stake in Air India
India said on Monday it plans to sell its entire stake in Air India, in a revised push to sell its national carrier after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. A...
Investors build war chests to buy bonds of distressed European companies
Years into a bond market bull-run, investors are banking on a brighter future for funds that buy the debt of financially troubled European companies whose bonds are offering meatier returns because they are more risky...
