Blackstone’s buyout of Coffee Day’s tech park stalls
Beleaguered Coffee Day Enterprises’s sale of its technology park to Blackstone is stalled as one of its creditors hasn’t approved the deal, people with the knowledge of the matter said. Yes Bank hasn’t issued the so-called no objection certificate as it’s seeking assurances on repayments of other loans taken by Coffee Day, said the people.
Singapore’s Sembcorp to buyout balance stake in India JV for Rs 406 crore from Gayatri Projects
“The proposed acquisition will allow Sembcorp...
SBI refuses to fund Patanjali’s Ruchi Soya buyout on its own
As much as Rs 3,700 crore of the acquisition cost was supposed to have been fund...
Aurobindo’s buyout of Sandoz assets delayed on FTC query
On Wednesday, shares of Aurobindo closed 4.8 per cent lower at Rs 450.75 on the BSE.
SHL buys Aspiring Minds in all-cash deal
The terms of the buyout, which is expected to close in November, were not disclosed. Sources, however, indicated that the deal size was $80-$100 million (about Rs 567-709 crore).
Delvis buyout to help Minda in PV lighting, says Nomura
The brokerage has maintained ‘buy’ rating on the stock with a target price of Rs 378.
Buyout giants in talks with Wockhardt for domestic formulations business
The individual suitors have indicated that they are interested in buying at least 51% stake in a deal that could value the biz at Rs 4,000-4,500 crore.
Mandhana lenders move NCLT against buyout by US firm
Bankers say the US company failed to meet the terms of the pact as per agreed timeline.
With Rs 5,800 crore offer, Manipal Hospitals closes in on Medanta buyout
Medanta approached KKR, but hasn’t got formal offer yet while Naresh Trehan may retain minority stake.
Anchor by Panasonic plans 3 buyouts, unit in Andhra Pradesh
For the fiscal year 2018, the company clocked in revenues of Rs 3,410 crore with a net profit of Rs 614 crore.
Private equity buyouts jump 10% to $582 billion globally: Bain
The total buyout value jumped 10 per cent in 2018 to $582 billion, capping the strongest five-year run in the industry’s history.
APSEZ plunges 8% on Adani Agro Logistics buyout plan
“The acquisition raises many an eyebrow on the related-party transaction," said Edelweiss Securities.
KKR completes buyout of 60 per cent stake in REEL
REEL is part of the Rs 4,500 cr Ramky group, which has interests in infra, pharma, real estate and waste management services.
IDFC First: Management buyout turns into bank
“There have been instances of financial institutions converting into a bank or promoting one,” said V Vaidyanathan.
Adani Ports tanks over 8%; agri unit buyout appears ‘expensive’, says Citi
Street is not happy as there is uncertainty on capital allocation along with lack of transparency
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