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...
ZF wins U.S. approval to buy Wabco on condition of asset divestiture
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...
