State-owned Punjab National Bank said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore. In March, the Reserve Bank of India had granted approval for...
PE firm True North exits Zydus Wellness; sells 7.27% stake for Rs 879 crore
Mumbai-based True North on Tuesday exited Zydus Wellness by divesting its entire 7.27 per cent stake in the company while PPFAS Mutual Fund acquired the shares for Rs 879 crore through an open market transaction...
UGRO Capital shares rally 7% as firm to acquire Profectus Capital for Rs 1,400 crore cash deal
UGRO Capital shares rallied 7% to their intraday high of Rs 183.35 on the BSE on Wednesday as the non-banking financial company (NBFC) is all set to acquire Profectus Capital Private Limited for Rs 1400 crore in an all...
CCI okays Mahindra’s proposal to acquire 59 pc stake in SML Isuzu for Rs 555 crore
The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra &...
Bhushan Power and Steel lenders move SC for review of JSW Steel decision
Bhushan Power and Steel (BPSL) lenders including SBI, led by the Punjab National Bank, on Monday moved the Supreme Court seeking review of its May 2 judgment that scrapped the JSW Steel’s acquisition of the debt-laden...
IndiGo parent InterGlobe denies stake sale reports, calls them ‘speculative’
InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, on Friday dismissed reports suggesting it is planning to sell a portion of its stake in the carrier as “speculative” and “without factual...
ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the ’24 Mantra Organic brand’ in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its...
Manipal, Fortis in talks to raise Rs 5,000 cr for Sahyadri Hospitals bid
With the bidding deadline for Sahyadri Hospitals approaching on June 22, interested bidders including Manipal Health Enterprises and Fortis Healthcare are engaging with foreign lenders to raise financing of up to Rs...
InCred Money set to acquire discount broker Stocko, marking entry into retail broking
InCred Money, the digital-first wealthtech platform of financial services firm InCred Group, said it is set to acquire discount broking platform Stocko, marking its entry into the retail broking space. It did not...
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP
The National Company Law Tribunal on Friday directed to initiate insolvency proceedings against Gensol Engineering and Gensol EV Lease after admitting the petitions filed by the Indian Renewable Energy Development...
Bain Capital-backed CitiusTech exploring acquisitions, to evaluate IPO
Bain Capital-backed CitiusTech, a healthcare technology services company, is planning to grow through acquisitions and will evaluate an IPO this year, either in the US or India, chief executive officer (CEO) Rajan Kohli...
Reliance Industries sells 3.64% stake in Asian Paints for Rs 7,703 crore
Billionaire Mukesh Ambani-led Reliance Industries on Thursday divested a 3.64 per cent stake in Asian Paints, while SBI Mutual Fund picked up the shares for Rs 7,703 crore through an open market transaction. Reliance...
