Home >companies >Deals Buzz: Kishore Biyani explores Future Group’s journey with Amazon

Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.

Fairfax, Warburg join race to buy Legal and General Group’s stake in IndiaFirst Life

Fairfax Financial Holdings Ltd, Warburg Pincus LLC and General Atlantic LLC have joined the race to buy Legal and General Group Plc’s 26% stake in IndiaFirst Life Insurance Co. Ltd, reports Mint, citing two people aware of the development. Read more

Indian Overseas Bank to raise Rs1,000 crore via QIP, looks to hire investment bankers

State-owned Indian Overseas Bank (IOB) intends to raise around Rs1,000 crore by selling shares to institutions and is looking to hire merchant bankers for the process, reports Mint. Read more

Emami to buy 26% stake in Brillare in deal valuing firm at Rs75-100 crore

Consumer goods maker Emami Ltd on Monday said it had concluded a deal to acquire a substantial minority stake in Brillare Science Pvt. Ltd, valuing the company at Rs75-100 crore, reported Mint. Read more

UK’s CDC Group invests $21 million in Asian Institute of Medical Services

CDC Group Plc, the UK government’s development finance institution, on Monday said it has invested $21 million (Rs139 crore) in Faridabad-based healthcare services provider Asian Institute of Medical Services, Mint reported. Read more

Singapore Telecom to invest Rs2,649 crore in Bharti Telecom

Singapore Telecommunications Ltd (Singtel) will indirectly raise its stake in Bharti Airtel Ltd by investing Rs2,649 crore in Bharti Telecom Ltd, the promoter company of Airtel, through a preferential allotment of shares, reports Mint. Read more

Mahindra Finance in talks to raise $300 million via masala bonds

Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) is in talks to raise as much as $300 million via masala bonds, according to two people directly aware of the company’s discussions with potential lenders, Mint reported. Read more

Edelweiss eyes first close of Rs2,000-crore fund by month end

Edelweiss Infrastructure Yield Plus, an alternative investment fund managed by Edelweiss Alternative Asset Advisors Ltd, expects to achieve a first close of around $250 million by the end of February, reports Mint, citing a senior executive of the firm. Read more

Aster DM to launch IPO on 12 February, sets price band at Rs180-190 per share

Aster DM Healthcare Ltd, which runs hospitals in India and West Asia, on Monday said it will launch its Rs980 crore initial public offering on 12 February. Read more

Warburg Pincus, Tata Motors call off $360 million stake sale in Tata Technologies

Tata Motors Ltd and Warburg Pincus Llc have mutually agreed to call off the US private equity firm’s proposed investment of around $360 million in Tata Technologies Ltd, Tata Motors said in a stock exchange filing on Monday, reported Mint. Read more

ArcelorMittal to cash out of Uttam Galva at a big loss to avoid IBC googly

Lakshmi Mittal has decided to sell his 29.5% stake in Uttam Galva Steel at a loss—a nine-year-old investment of Luxemburg headquartered ArcelorMittal, ending months of speculation and corporate shadowboxing over his eligibility to bid for stressed steel assets in India, reports The Economic Times. Read more

Wistron looks to invest $1 billion to set up PCB manufacturing unit in Bengaluru

Wistron, one of the leading Taiwanese contract manufacturers, is looking at relocating a printed circuit board (PCB) manufacturing plant from China to Bengaluru, entailing an investment of around $1 billion (about Rs64 billion), reports Business Standard. Read more

Capgemini buys US firm LiquidHub for $500 million, ChrysCap exits with gain

French IT services giant Capgemini has acquired digital customer engagement firm LiquidHub for $500 million (400 million euros), gaining fresh ammunition to accelerate its consulting capabilities in North America, reports The Times of India. Read more

Kishore Biyani explores Future Group’s journey with Amazon

Who will buy into Future Group first—Amazon or Alibaba Group? It seems to be advantage Amazon at the moment with Future Group founder Kishore Biyani having met Jeff Bezos in the US two weeks ago to discuss a possible alliance with the Indian retailer which controls nearly a third of the country’s organised food and grocery market. Biyani has, however, also travelled to China to meet Alibaba officials in the recent past to study its model and see if that can be replicated in India, reports The Economic Times. Read more

Malaysia’s IHH, Temasek eye majority stake in Medanta

Malaysia’s IHH Healthcare Berhad and Singapore investor Temasek Holding are in separate discussions to acquire controlling interest in Global Health, the parent of Naresh Trehan-founded Medanta hospitals, in a deal valued at around Rs5,800 crore ($900 million), reports The Times of India, citing people directly aware of the matter. Read more

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