SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology...
Unicommerce acquires shipping automation company Shipway Technology
Ecommerce software company Unicommerce Esolutions has completed the acquisition of the 57.24% stake it did not own in shipping automation services provider Shipway Technology, making it a wholly owned subsidiary. The...
Reliance acquires Nauyaan Tradings, eyes majority stake in shipyard arm
Mukesh Ambani-led Reliance Industries Ltd (RIL) has announced the acquisition of 100 per cent equity stake in Nauyaan Tradings Private Limited (NTPL) through its wholly owned subsidiary Reliance Strategic Business...
IndiGrid to raise Rs 4,200 crore to acquire transmission and solar assets
India Grid Trust (IndiGrid), the country’s first infrastructure investment trust (InvIT), plans to raise about ₹ 4,200 crore to acquire electricity transmission assets, solar power plants and to refinance its existing...
FCC’s Carr Threatens to Block M&A for Companies With DEI
The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr. The move could threaten billions...
China’s Legend explores Banque International a Luxembourg sale, sources say
China’s Legend Holdings is exploring options including a possible sale of its 90% stake in Banque Internationale a Luxembourg (BIL), two people with knowledge of the matter said. Legend, which is listed on the...
HUL buying 14.3% stake in recycled plastics company Lucro
Hindustan Unilever (HUL) on Thursday said it is acquiring a 14.3% stake in Lucro Plastecycle, a recycled flexible plastics maker, as part of its sustainability goals and to scale up the use of recycled content in...
Private Search Engine “Retifo” acquired by Zordo Technologies
Retifo is a cutting-edge private search engine designed to prioritize user privacy and security in the ever-evolving digital landscape. In contrast to most common search engines that tend to follow and secure...
PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum
PayU, the payment and fintech arm of Amsterdam-based investment firm Prosus, has acquired a 43.5% stake in Mumbai-based Mindgate Solutions for an undisclosed sum. Founders of Mindgate, which offers real-time payment...
Liqvd Asia acquires AdLift for ₹50 crore to strengthen digital marketing play
Digital-first advertising agency Liqvd Asia has acquired performance marketing and SEO agency AdLift for ₹50 crore in a two-phase deal, structured in two parts with a maximum 18-month gap between the tranches. The...
Adani Ent rides AI wave, hikes stake by 23% to complete 100% acquisition of Parserlabs India
Adani Enterprises completed the acquisition of Parserlabs India on Thursday, March 20, after Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, acquired the remaining 22.5 per cent stake in the...
Cryptocurrency exchange Kraken to buy NinjaTrader for $1.5 billion
Kraken, one of the world’s largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset...
