News: AZS Deals of the day-Mergers and acquisitions

Jan 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** India's Zee Entertainment ZEE.NS has told Walt Disney DIS.N it does not intend to move forward with a deal to pay around $1.4 billion for cricket TV rights it acquired from the U.S. company, two people with direct knowledge of the matter said.

** Global investment firm Hillhouse is emerging as one of the final few bidders for Everlife Holdings in a deal that could value the Asian healthcare services company at up to $1 billion, two people with knowledge of the matter said.

** Japan's Hitachi 6501.T and NEC Corp 6701.T are aiming to raise up to $2.1 billion by selling their stakes in chipmaker Renesas Electronics 6723.T, according to a term sheet seen by Reuters.

** KPS Capital Partners recently explored a bid for UK specialty chemicals maker Elementis ELM.L but has since paused its work, two people familiar with the matter told Reuters.

** HDFC Bank HDBK.NS , India's largest private sector lender, will take 4-5 years to fully digest its merger with its parent last July but expects to restore a key financial metric to pre-merger levels at the end of that period, two sources familiar with the bank's thinking said.

** Britain's Haleon HLN.L said it had agreed to sell lip balm brand ChapStick to a company owned by private equity firm Yellow Wood Partners for around $430 million in cash and a stake valued at around $80 million in the buyer.

** Singapore retail real estate investment trust Frasers Centrepoint Trust FCRT.SI said it is acquiring an additional 24.5% effective interest in retail mall NEX for S$523.1 million ($390.4 million).

** Mineral Resources (MIN) expects to sell its stake in lithium developer Azure Minerals (AZS) in the current half year, Chief Financial Officer Mark Wilson said .

** Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global PARA.O , Bloomberg News reported on Wednesday.