Smasher Sports, backed by global investment firm Terra Invest and former Wimbledon tennis player Ashok Amritraj-backed Hyde Park Entertainment, has acquired the Delhi Franchise of the World Pickleball League (WPBL), the...
ITC acquires 2.44% stake in EIH and 0.53% in Leela Mumbai
ITC has acquired 2.44% equity in luxury hospitality company EIH Limited while buying 0.53% of the share capital in HLV Limited, the company on Wednesday informed the exchanges post-market hours. The shares were acquired...
Nodwin Gaming to acquire 92.30% stake in AFK Gaming
Nodwin Gaming (Nodwin), a material subsidiary of Nazara Technologies, has on 18 December 2024, signed Share Purchase Agreement with AFK Gaming (AFK), Nishant Patel, Rakesh Ramachandran and Siddharth Nayyar (the Founders...
TVS Credit to make a bid for Avendus Capital
TVS Credit has joined the race for KKR-backed investment bank Avendus Capital as part of its strategy to expand the group’s financial services business, three people with knowledge of the development said. The...
Varun Beverages shares jump nearly 2% on acquiring 40% stake in Lunarmech
Shares of PepsiCo’s bottling partner Varun Beverages jumped 1.7% to their intraday high of Rs 657 on the BSE after the company announced that it has completed the acquisition of a 39.93% stake in Lunarmech. This makes...
Adani Cement to merge Sanghi & Penna units with Ambuja Cements
Adani Cement Tuesday said it will merge Sanghi Industries and Penna Cement Industries with flagship Ambuja Cements, consolidating the recently acquired companies under a single entity. Shareholders will get a dozen...
Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount
Jindal Saw on Tuesday said it has inked a pact to acquire 31.20 per cent equity in ReNew Green Energy. However, the company did not divulge the financial details of this equity acquisition. In a filing, Jindal Saw said...
MIAL moves NCLT seeking clarity on Jet Airways’ aircraft sale to Ace Aviation
Mumbai International Airport Limited (MIAL), owned by the Adani group, has approached the National Company Law Tribunal (NCLT) in Mumbai seeking clarification on the validity of selling Jet Airways’ three grounded...
Zydus exits investment in Mylab Discovery Solutions
Zydus Animal Health & Investments Limited (ZAHL), part of Zydus Group is exiting its investment in Mylab Discovery Solutions Private Limited by selling its shares in the diagnostics company back to Adar Poonawalla’s...
Lite Bite Foods in talks to sell minor stake to strategic investors
Lite Bite Foods, which runs restaurant chains Punjab Grill, Street Foods, YouMee and Asia 7, has initiated talks with private equity firms and strategic investors to sell a minority stake in the company, executives with...
Finance ministry following a calibrated disinvestment strategy
The finance ministry on Monday said it’s following a “calibrated disinvestment strategy” through the listing of central public sector enterprises (CPSEs) as well as gradual dilution of minority stakes via the stock...
Sun Pharma Advanced Research Company to acquire 55% stake in Tiller Therapeutics
Sun Pharma Advanced Research Company announced the signing of a binding Letter of Intent (LOI) with the University of California, San Francisco (UCSF), through the office of OTMA, and Tiller Therapeutics Inc. (Tiller)...
