Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken (HEIN.AS) acquisition of Brasil Kirin , the Valor Economico newspaper reported on Friday, citing court documents. According to the...
Crysta raises ₹10-crore funding
Crysta has raised ₹10 crore in a Pre-Series A funding round led by the family office of Ruchirans and Anuraag Jaipuria. The investors also including Mumbai-based Green Shots Capital and Alfa Ventures, Delhi-based Real...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
Bengaluru-based bike rental start-up Bounce raises over $100 million in funding
Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B...
Assam Government requests Central Government to divest BPCL’s stake in NRL to Oil India
State seeks to buy 13 per cent more stake in NRL for ₹ 2,000 crore The Assam government has requested the Centre to divest its stake in Bharat Petroleum Corporation Ltd in favour of Numaligarh Refinery Ltd (NRL) to Oil...
Concept buys 51% stake in marketing firm Lastmile Solutions
While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by...
UWIC collaborates with Japan’s YKK for windows, doors
The Japanese company representative Rajath Aggarwal said YKK was keen on expanding its foothold in India in collaboration with UWIC. Hyderabad headquartered building materials manufacturer UWIC Building Materials has...
NCLAT defers hearing on JSW Steel’s Bhushan Power buyout till Jan 31
On October 10, the ED had attached assets worth over Rs 4,025 crore of debt-ridden BPSL in connection with its money laundering probe linked to an alleged bank loan fraud by its former promoters of BPSL. An appellate...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Realty, infra sectors drive buyouts deals to a record high in 2019
Buyout deals dominated private equity (PE) and venture capital (VC) investments in India last year, hitting a record high in both volume and value. In 2019, there were 58 transactions worth $16.2 billion, compared with...
M&A strong though Chinese buyers lacking: Citigroup’s Kalvaria
Geopolitical uncertainties are not deterring Citigroup Inc clients from strategic deals and some unicorns’ offer “great potential”, but outbound Chinese buyers are lacking, Leon Kalvaria, chairman of the lender’s...
UK regulator probes Takeaway.com’s takeover of Just Eat
Britain’s competition watchdog will probe Takeaway.com’s buyout of Just Eat, possibly delaying completion of the multi-billion dollar deal to create one of the world’s largest meal delivery companies. The investigation...
