Reliance Group has unveiled the Reliance Group Corporate Centre (RGCC), a pivotal element in its Vision 2030 growth strategy, to provide strategic direction and expertise to its portfolio of companies. Launched on 17 November 2024, RGCC will play a key role in driving diversification, technological advancement, and leadership development within the group. The core team […]
Vinci, the renowned French construction and concessions leader, has solidified its position with a major share buyback initiative, reinforcing its commitment to shareholder value. The company recently announced that it has entered into a significant share purchase agreement with an investment services provider, allowing for the repurchase of Vinci shares up to a substantial limit […]
The Kroger Co. has signed a $5 billion revolving credit agreement, solidifying its financial strategy amidst its ongoing merger plans with Albertsons Companies Inc. The agreement, executed on September 13, 2024, is an unsecured revolving credit facility that provides Kroger with significant financial flexibility as it navigates the competitive retail landscape. Key Details of the […]
CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770), India’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has announced the promotion of Nilesh Dalvi to the role of Chief Financial Officer (CFO), effective immediately. This strategic move comes as the company continues to expand its impact in the microfinance sector, which has seen significant growth and evolving […]
Renalytix plc, a prominent player in artificial intelligence-enabled in vitro diagnostics, has officially terminated its Formal Sale Process, citing a lack of viable acquisition offers in the near term. The sale process, initiated in March 2024 after the company received an unsolicited approach from a large, publicly listed diagnostics company, was aimed at exploring potential […]
Advance Auto Parts, Inc. (NYSE: AAP), a prominent name in the North American automotive aftermarket parts industry, has agreed to sell its wholesale distribution division, Worldpac, Inc., to global investment firm Carlyle Group (NASDAQ: CG) for $1.5 billion in cash. This deal, expected to close by the end of 2024, marks a significant strategic shift […]
Pitti Engineering, a leading engineering company in India, has successfully raised ₹35,999.99 lakhs through a Qualified Institutions Placement (QIP). This strategic fundraising was initiated on July 8, 2024, and concluded on July 11, 2024, following the Fund Raising Committee’s approval to allot 34,14,749 equity shares to qualified institutional buyers at a price of ₹1,054.25 per […]
Regional REIT Limited (LSE: RGL) has announced a significant Capital Raising initiative amounting to approximately £110.5 million. This move is structured through a Placing, Overseas Placing, and Open Offer of 1,105,149,821 New Ordinary Shares at an issue price of 10 pence per share. The deal is fully underwritten by Bridgemere Investments Limited, part of the […]
In a strategic expansion of its portfolio, TXO Partners, L.P. (NYSE: TXO) has inked agreements to acquire significant oil and gas assets in the Elm Coulee field in Montana and the Russian Creek field in North Dakota. The deal, valued at $243 million plus 2.5 million common units of TXO, was finalized with Eagle Mountain […]
Comvest Partners, a prominent private equity and credit investment firm, has announced a significant financial move involving its direct lending platform, Comvest Credit Partners. Acting as the Administrative Agent and Sole Lender, Comvest Credit Partners is providing a $70 million senior secured credit facility to Nationwide Energy Partners (NEP), an Ohio-based utility management service provider […]