German auto parts maker ZF Friedrichshafen AG won U.S. antitrust approval for its $7 billion deal to buy U.S. rival Wabco (WBC.N), the Justice Department said on Thursday. To win approval, the government required the...
Glenmark sells gynac business for Rs 115 crore
The sale of the gynac business comes two years after it sold its orthopedic business to the same company. Integrace will pay Rs 115 crore for four products of the portfolio that includes products like Dubagest, Mumfer...
Shriram Capital halts 3-way merger after RBI request
Shriram Capital Ltd. has held off a plan to merge with its shadow lending arms after the Reserve Bank of India requested the group to cut its stake in its insurance business, according to people familiar with the matter...
Carlyle, Orkla Foods, TA Associates in race to buy Sunrise Foods
Kolkata-based Sunrise Foods Pvt. Ltd, which sells Indian spices, has received interest from global private equity firms, including Carlyle Group and TA Associates, as well as Norwegian supplier of branded consumer goods...
Vadilal ice cream eyes a ₹1,000 crore PE flavour
The feuding promoters of Vadilal Industries Ltd are in advanced talks to sell their entire stake in the ice cream maker and its domestic distribution business to a combine of Arpwood Partners and PAG, two people aware...
Eurazeo hires banks for $2.2 billion sale of payments firm Planet
European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros ($2.22 billion), three sources told...
Fiat Chrysler CEO: Peugeot merger talks progressing well
Fiat Chrysler’s chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months...
Xerox seeks control of HP Board
Xerox Holdings Corp. is preparing to seek control of HP Inc.’s board after the personal-computer maker rejected efforts to negotiate an acquisition, according to people familiar with the matter. The iconic printer maker...
Uttam Galva counters Deutsche’s $20-million recovery plea at NCLT
Uttam Galva Steel on Tuesday challenged Deutsche Bank‘s application at the National Company Law Tribunal (NCLT) for the recovery of $20 million (Rs 142 crore). The Singapore branch of Deutsche Bank had given a $20...
Bankruptcy board set to tackle group insolvency
India’s bankruptcy regulator is seeking to amend rules to make the Insolvency and Bankruptcy Code (IBC) suitable for handling group insolvency, with accounts such as VideoconNSE -3.51 %, Sachet Infra and Lavasa...
Cairn India hunts for big oil partner via stake sale
The Anil Agarwal-led Vedanta is looking to sell a minority stake in Cairn India to a strategic partner as the diversified oil-to-metals conglomerate looks to cut its mammoth $6.6 billion (Rs 46,500 crore) debt and...
Mastercard swipes right on Pine Labs
Global payments technology giant Mastercard is in talks to invest in India’s largest point-of-sale (PoS) solutions provider Pine Labs as part of a $300 million financing round, said three people aware of the development...
