Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired the remaining stake in sodium-ion battery technology company Faradion from existing shareholders, making it a wholly-owned...
Warbug Pincus to pare stake in Home First before acquiring Shriram Housing
The Reserve Bank of India has asked private equity firm Warburg Pincus to bring down its stake in mortgage lender Home First Finance to 20% or lower before completing the proposed acquisition of Shriram Housing Finance...
Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 crore
Tata Power on Monday said it has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. “It has today executed the Share Purchase Agreement between the company, existing shareholder...
Societe Generale sells its stake in IndusInd Bank for Rs 421 crore
Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank’s shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the...
Pact signed for sale of MSTC arm to Japanese firm Konoike Transport
State-run MSTC has signed a share purchase agreement with Japan’s Konoike Transport for the strategic disinvestment of its arm Ferro Scrap Nigam for ₹320 crore, the Department of Investment and Public Asset...
Japan’s MUFG Bank, Koch Group seek CCI nod to acquire minority stakes in Shiprocket
Japan-based MUFG Bank and American conglomerate Koch Group have sought approval from the Competition Commission of India (CCI) to acquire minority stakes in Zomato-backed Shiprocket. The ecommerce enablement platform is...
BAT to check out of ITC’s demerged hotels business
British American Tobacco Plc (BAT), the single-largest shareholder in ITC, plans to sell its stake in the soon-to-be demerged hotel business of the Indian conglomerate, said chief executive Tadeu Marroco. He said BAT is...
JSW Steel-JFE JV to acquire Thyssenkrupp Co for Rs 4kcr
A JSW Steel joint venture with Japan’s JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for ₹4,051.40 crore. The 50:50 joint venture between the two steelmakers is also looking at...
Jindal Group in talks to acquire Czech-based Vitkovice Steel for 150 mn euros
To strengthen its global presence, homegrown Jindal Group is talks with Vitkovice Steel to acquire 100 per cent stake in the Czech-based company. The group is expected to complete the acquisition by the end of this...
PTC Industries shares rise over 4% on acquiring stake in UK-based Trac Precision Solutions
Shares of PTC Industries Limited jumped more than 4 per cent on Monday, October 21, to ₹13,480 following the announcement of the company’s strategic acquisition of Trac Precision Solutions Limited (TSPL), a UK-based...
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in...
Quadria, TPG eye up to 25% stake for $100 mn in Samarth Life Sciences
Private equity investors including Quadria Capital and TPG Capital have expressed initial interest to invest about $100 million for a 20-25% stake in critical care drugs provider Samarth Life Sciences, three people...
