CapitaLand said on Wednesday it had proposed the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in a cash-and-stock deal valued at S$8.2 billion ($6.1 billion), adding to sector consolidation...
Zomato acquires Uber Eats business in India to consolidate position
Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food...
Zoomcar raises $30 million from Sony fund, others in fresh round
Self-drive car rental platform Zoomcar has raised $30 million in its ongoing Series D round led by Sony Innovation Fund, and other existing investors, it said on Monday. The Bengaluru-based mobility startup plans to...
Faering, A91 lead funding round in insurance distributor Go Digit
Insurance distribution firm Go Digit Insurance has raised $80 million in an equity funding round led by private equity funds Faering Capital, TVS Capital and A91 Partners, it said on Monday. The round values three-year...
CCI okays divestment of Reliance Jio’s tower assets to Brookfield
The Competition Commission of India (CCI) said on Monday that it has approved the divestment of Reliance Jio Infocomm Ltd’s telecom tower assets to Canada’s Brookfield Infrastructure Partners Lp and other investors. The...
NIC board approves merger proposal with two other insurers: Officials
State-owned non-life insurer National Insurance Company Ltd has approved its merger with Oriental Insurance Company Ltd and United India Insurance Company Ltd, trade union officials said on Monday. A hurriedly-convened...
ProSieben says “super relaxed” on Mediaset stake
German broadcaster ProSiebenSat.1 Media is “super relaxed” about having Italy’s Mediaset as a minority shareholder and the two are holding constructive talks on closer cooperation, a senior executive told Reuters...
Kuwait Finance House shareholders approve Bahrain’s AUB takeover
Kuwait Finance House’s shareholders have approved the acquisition of Bahrain’s Ahli United Bank, KFH’s chairman said on Monday, stepping closer to completing the Gulf’s first major cross-border bank merger in recent...
Essel arm close to sale of 2 road assets to NIIF-Roadis
The National Investment and Infrastructure Fund (NIIF) and its joint venture partner Roadis are close to buying two road projects from Essel Infraprojects, wholly owned by Subhash Chandra’s debt-laden Essel group, in a...
Swiss firm LGT in talks to back housing startup Oxfordcaps
Student housing startup Oxfordcaps is in talks to raise $30 million in an equity funding round which will help it expand to more cities and tie up with more universities, said two people aware of the matter, requesting...
StarTek looks at digital buys to tide over its Aegis trough
Global business process outsourcing company StarTek will look at digital acquisitions to accelerate growth, its newly named CEO Aparup Sengupta has told ET. The move is expected to help the New York Stock Exchange...
Nuvoco emerges front-runner to buy Emami Cement business for up to Rs 6,000 cr
Nuvoco Vistas, the Nirma Group’s cement division, has emerged as the frontrunner to acquire the Emami Group’s nine million tonne per annum cement business for Rs 5,500-6,000 crore enterprise value to consolidate its...
