Bank of America has agreed to invest up to USD 1.92 billion (around INR 18,268 crores) in Jio Credit, the non-bank lending arm of Jio Financial Services, initially acquiring a 26.5% stake with the potential to increase its holding to 49.9% through warrants. Under the transaction, Jio Credit will issue equity shares worth up to USD 695 million (around INR
Cube Highways Trust Secures $131.6 Mn Pre-IPO Investment Premji Invest, the family office of Wipro founder Azim Premji, has invested $100 Million (around INR 950 crores) in Cube Highways Trust as part of a $131.6 Million (around INR 1,250 crores) strategic investor round ahead of the InvIT's $526 Million (around INR 5,000 crores) initial public offering (IPO). The pre-IPO placement
Meta Platforms Inc. has announced an investment of $900 million (around INR 8,550 crores) in Indian fintech company CRED through a combination of primary and secondary transactions, resulting in an effective post-money valuation of $4.5 billion (around INR 43,239 crores). The transaction implies a pre-money valuation of $4.03 billion (around INR 38,819 crores) and gives Meta an estimated 20% stake
A consortium led by steel magnate Lakshmi Mittal and vaccine entrepreneur Adar Poonawalla has agreed to acquire a controlling stake in IPL franchise Rajasthan Royals in a transaction valuing the franchise at approximately $1.65 billion (Around INR 15,673 crores). Under the proposed deal, the Mittal family will hold around 75% ownership, while Poonawalla will own approximately 18%, with existing investors
Sun Pharmaceutical Industries has announced the acquisition of Organon & Co in an all-cash deal valued at approximately $11.75 billion (Around INR 1,10,620 crores), including debt, marking the largest overseas acquisition by an Indian pharma company. The transaction aligns with Sun Pharma’s strategic shift toward higher-margin specialty segments such as dermatology, oncology, and obesity, amid margin pressures in the US
A consortium comprising Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone has agreed to acquire the Indian Premier League Franchise Royal Challengers Bengaluru for $1.78 billion (Around INR 16,500 crores) following a competitive bidding process. The sale by United Spirits, the Indian arm of Diageo, follows a strategic review that classified the franchise as non-core to its
Torrent To Buy Thermal Power Operator From L&T In $403 Mn Deal Torrent Power Ltd has agreed to acquire a 100% stake in L&T Power Development Ltd for $403 million (Around INR 3,660 crores), gaining control of the 1,400 MW Nabha Power Ltd in Punjab. The deal, subject to regulatory approvals, is expected to close by June 30, 2026. Nabha
Apax Partners Picks Up Minority Stake In Ready-To-Cook Brand ID Fresh Apax Partners has acquired a significant minority stake around 35% in ready-to-cook brand iD Fresh Food for roughly $166 million (around INR 1,500 crores), marking its first India deal in over a year. The stake was bought from existing investors Premji Invest and TPG NewQuest, who will continue
Japan’s MUFG Bank To Buy 20% Stake In Shriram Finance In Largest Foreign NBFC Bet Japan’s MUFG Bank will acquire a 20% stake in Shriram Finance for $4.4 billion (Around INR 39,618 crores) through a preferential allotment, marking the largest foreign investment in India’s financial services sector. Shriram Finance will issue 47.1 crore shares at INR 840.9 per share, subject
Brookfield REIT To Acquire Bengaluru’s Ecoworld For $1.5 Bn Brookfield India Real Estate Trust, a publicly listed entity sponsored by Brookfield, has signed an agreement to acquire 100% of Ecoworld for $1.5 billion (around INR 13,412 crores). Ecoworld is a 7.7 million sq. ft. office campus on 48 acres along Bengaluru’s Outer Ring Road, leased to global capability centers