Reliance Industries in a regulatory filing said its subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for ₹1 lakh. “Please note that...
Competition Commission of India dismisses allegations of anti-competitive practices against GMR Airports
Fair trade regulator CCI has dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport with respect to the awarding of certain contracts. The Indira Gandhi International Airport (IGIA)...
SBI MF, ICICI Prudential MF, Nippon India MF buy 4.12% stake in TBO Tek for Rs 537 cr
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...
SpiceJet faces fresh insolvency plea amid mounting legal battles
Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard...
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...
Hero acquires stake in Euler
The country’s largest two-wheeler maker Hero MotoCorp Thursday said it will make a strategic investment of Rs 525 crore in electric three-wheeled commercial vehicle maker Euler Motors. The investment, to be made in one...
PTC India divests stake in PTC Energy to ONGC Green
PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore...
CCI cleared seven M&A deals in media sector over past five years: I&B ministry
The Competition Commission of India (CCI) approved seven M&A deals in the media and entertainment sector over the past five years while ensuring competition safeguards, Minister of State for Information and...
Oberoi Realty to sell 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 crore
Realty developer Oberoi Realty has entered into agreement with global investment firm Alpha Wave Ventures II, LP to sell 21.74% stake in its joint venture company, I-Ven Realty for Rs 1,250 crore. This marks one of the...
