EIG, an institutional investor to the global energy and infrastructure sectors, has announced that it has entered into a definitive agreement under which it will acquire a 10% interest in Australia Pacific LNG Pty Limited from Origin Energy Limited for an equity purchase price of $1.592 billion. This agreement represents the first ever acquisition of…
Morgan Stanley has appointed Anahita Tiwari as Head of India Global Centers. She succeeds John McGrory, who will now head firm’s Global Center in Baltimore and will also functionally lead the Institutional Securities Group (ISG) Product Operations team in Baltimore. In her new role, Anahita will be responsible for the implementation of the Firm’s global growth and deployment strategy in India. Most…
Morgan Stanley has announced the expansion of its Multicultural Innovation Lab, an accelerator programme that targets companies with women or ethnic-minority founders. The company said in a statement, “The Lab will begin operating across Europe, Middle East and Africa (EMEA) from the beginning of 2022, and is designed to run in parallel and enhance the…
New York-based AlphaSense, the market intelligence and search platform, has announced its $180 million Series C financing round led by Viking Global Investors and the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), joined by Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc., and AllianceBernstein, as well as…
iBus Networks, a company that offers in-building wireless solutions, outdoor small cells and other last-mile connectivity solutions to mobile operators, has acquired Ubico Networks for about Rs 100 crore, according to ET report. Earlier this month, Morgan Stanley India Infrastructure acquired an undisclosed stake in iBus Network and Infrastructure, for ₹150 crore ($21 million). Post…
Morgan Stanley has appointed Sanjay Shah as country head for its business in India. He has been with the company since 1996. Morgan Stanley is a global financial services firm providing investment banking, securities, wealth management, and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations,…
AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. “The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established…
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹ 5,512.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a…
Caterpillar has signed an agreement to acquire the Oil & Gas Division of the Weir Group, a Scotland-based global engineering business. Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via an extensive global network of service centers located near customer operations. …
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that GIC will invest ₹ 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. GIC’s investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that General Atlantic, a leading global growth equity firm, will invest ₹ 3,675 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity…
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that Silver Lake will invest ₹ 7,500 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted…
Reliance Industries Limited, Jio Platforms Limited and Google LLC announced the signing of binding agreements for an investment of ₹ 33,737 crore by Google into Jio Platforms. This investment by Google values Jio Platforms at an equity value of ₹ 4.36 lakh crore. Google’s investment will translate into a 7.73% equity stake in Jio Platforms…
Dominion Energy, one of the largest producers and transporters of energy in the US, announced that it has executed a definitive agreement to sell substantially all of its Gas Transmission & Storage segment assets to an affiliate of Berkshire Hathaway Inc. in a transaction valued at $9.7 billion, including the assumption of $5.7 billion of…