• US private equity firm Advent International is reportedly close to acquiring a majority stake in Whirlpool of India, potentially securing over 57% of the company. This deal, valued at approximately $1.09 billion, would make Whirlpool Corporation a minority shareholder.
• Adani Enterprises has emerged as the frontrunner to acquire the insolvent infrastructure company Jaiprakash Associates. Their offer, with a two-year payment plan, is considered more favorable than Vedanta's five-year proposal.
• Haldiram Group is in discussions with a US restaurant major, potentially Inspire Brands for its Jimmy John's chain, to establish a franchise agreement in India. This move aims to compete with global brands like Subway and Tim Hortons.
• Test prep platform Unacademy is in advanced talks to acquire upskilling firm UpGrad in an all-stock deal. This acquisition, valued at $300-320 million, would provide UpGrad access to Unacademy's cash reserves and is seen as a step towards Unacademy's IPO.

Roshan Abraham

US private equity firm Advent International is closing in on a deal to buy a majority stake in Whirlpool Corporation's India .........

Grapevine: Advent, Whirlpool India, Adani Enterprises, Haldiram\'s in news

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PE firm Advent International eyes majority stake in Whirlpool of India; Adani Enterprises and Haldiram’s also feature in M&A and franchise talks.

Advent, Whirlpool India, Adani & Haldiram's in Deal Rumours

Advent International

Whirlpool of India Ltd

Adani Enterprises Ltd

Jaiprakash Associates

Haldiram

Jimmy John's

UpGrad

Unacademy

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Grapevine: Advent, Whirlpool India, Adani Enterprises, Haldiram's in news

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