A Megha Engineering and Infrastructures (MEIL) unit has acquired a 100% stake in TAQA Neyveli Power from Abu Dhabi National Energy Company PJSC for Rs. 926 crore, investment banking sources told ET. The acquisition by...
Goldman Sachs, Morgan Stanley buy Aditya Birla Capital stake in Rs 819 crore block deal
Aditya Birla Capital witnessed a major block deal worth Rs 819 crore on Tuesday as Advent International’s arm Jomei Investments sold 2.66 crore shares of the financial services arm of the Aditya Birla Group at Rs...
TPG-owned digital engineering company Altimetrik completes acquisition of SLK Software
US-headquartered Altimetrik, an artificial intelligence (AI), data, and digital engineering solutions company, has completed its acquisition of Bengaluru-based SLK Software, a global technology services firm known for...
Advent International’s arm exits India’s Aditya Birla Capital, exchange data shows
U.S.-based private equity investor Advent International’s affiliate Jomei Investments has exited its entire 2% equity stake in India’s Aditya Birla Capital, exchange data showed on Tuesday. Jomei sold its 53...
Honda Motor acquires stake in OMC Power to develop clean energy batteries
Indian renewables firm OMC Power, backed by Japan’s Mitsui & Co and Chubu Electric Power, said on Monday that automaker Honda Motor has acquired a stake in the company to jointly develop clean energy storage...
Megasoft hits the roof after inking deal to acquire UK-based Nasmyth Group for GBP 17.80 million
Megasoft was locked in 5% upper circuit at Rs 194.80 after the company said that its wholly owned subsidiary Sigma Advanced Systems UK has signed a share purchase agreement for acquisition of 100% stake in Nasmyth...
Bajaj Auto unit gets regulatory nod in Austria to take control over Pierer Mobility AG
Bajaj Auto on Friday said the Austrian Takeover Commission has approved its subsidiary’s acquisition of Pierer Mobility AG, the holding company of KTM AG. The commission ruled that Bajaj Auto International...
Federal Bank to sell minority stake to Blackstone affiliate for Rs 6,200 crore
The Board members of Federal Bank on Friday approved sale of 9.99% stake to an affiliate of U.S. private equity firm Blackstone. The transaction is said to be executed via preferential equity shares and warrants for Rs...
Bengaluru-based Strategic Technology Consulting Firm Appiness Acquires San Francisco-based AI Specialist iLumaLab
Appiness Interactive Private Limited, a Bengaluru-based strategic business consulting firm specialising in solving complex challenges through cutting-edge digital and technology solutions, has announced the acquisition...
Manali Petrochemicals to sell UK subsidiary Notedome Ltd to Italian firm
Manali Petrochemicals Limited on Thursday announced divestment of its step-down UK subsidiary, Notedome Ltd, to Italian chemical specialities firm Chimica Organica Industriale Milanese (COIM). In a stock exchange...
Gabriel India partners with South Korea’s SK Enmove to diversify product range
Auto components maker Gabriel India on Thursday said it has formed a joint venture with South Korea’s SK Enmove in order to diversify its product portfolio to include lubricants and engine oils. The strategic...
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares
Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1...
