The National Company Law Tribunal (NCLT) on Thursday ordered that the status quo on the shareholding of Aakash Institute be maintained. The tribunal was hearing a matter related to the amendment of the articles of...
CIEL HR Group acquires Vibrant Screen to strengthen its HR solutions portfolio
Technology-led HR solutions company CIEL HR has acquired Vibrant Screen, a provider of background verification solutions, the company said in a statement on Friday. With over 24 years of expertise, VSPL offers a...
Laurus Labs to acquire 26% stakes in Kurnool Renewables for Rs 35 cr
Laurus Labs has announced that its board has approved the acquisition of up to 26% of the share capital in Kurnool Renewables, a special purpose vehicle (SPV) and subsidiary of Ecoren Energy India (Ecoren), with an...
Authum Investment receives RBI nod to acquire SIDBI’s ARC biz
Authum Investment and Infrastructure Ltd has secured the approval of the Reserve Bank of India (RBI) to acquire a 79.28% stake in India SME Asset Reconstruction Co. Ltd (ISARC), a SIDBI-sponsored asset reconstruction...
CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say
Hong Kong’s CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, two people with direct knowledge of the matter said, as pressure mounted from...
CK Hutchison mulls global telecom assets spin-off, eyes London listing, sources say
Hong Kong conglomerate CK Hutchison Holdings Ltd has started preparations to spin off its global telecommunication assets and list the business in London, two people with knowledge of the matter said. The company has...
WH Smith to sell UK high street business for nearly $100 million
WH Smith is to sell its more than 230-year-old British high street business to Hobbycraft-owner Modella Capital for 76 million pounds ($98 million) to focus on global travel retail. The sale means the WH Smith name will...
Zaggle to acquire majority stake in PoS software firm Effiasoft for Rs 36.7 crore
Prepaid payments company Zaggle has acquired a 45.3% stake in point of sales (PoS) software company Effiasoft for Rs 36.7 crore, the company said in a stock exchange filing today. Additionally, the Hyderabad-based...
PUBG developer Krafton acquires controlling stake in Nautilus Mobile for Rs 118 crore
South Korean gaming company KRAFTON has acquired 75% stake in Nautilus Mobile, the Pune-based studio owned by JetSynthesys and the maker of Real Cricket franchise, for Rs 118 crore. This marks KRAFTON’s first majority...
VIP promoter revives stake sale talks, hires new banker; Advent frontrunner
VIP Industries Ltd promoter Dilip Piramal has revived stake sale plans, almost six months after talks to sell control of the listed luggage and travel accessories maker fell through, four people with knowledge of the...
Morgan Stanley draws on Goldman Sachs to explore sale of PNE stake, sources say
Morgan Stanley is working with Goldman Sachs to explore the sale of its majority stake in German renewable project developer PNE, two people familiar with the matter said, a process that could trigger a bid for the 1.09...
Spain’s Criteria says no current talks on stake in Naturgy
Spanish holding company Criteria said on Thursday it was not at present in negotiations with any potential investor regarding its stake in the energy utility Naturgy. The statement comes after Bloomberg News reported on...
