Homegrown private equity firm True North will acquire a minority stake in Embio Ltd, a regulated markets-focused manufacturer of Active Pharmaceutical Ingredients (APIs), True North announced on Wednesday. According to...
National News
Govt plans up to 2% LIC stake sale, may raise Rs 10,000 crore
The government is considering a fresh stake sale in Life Insurance Corporation of India (LIC) that could raise as much as Rs 10,000 crore, as New Delhi looks to deepen public shareholding in the country’s largest...
Government okays Skymap Pharmaceuticals’ Rs 121-cr bid to buy IMPCL
The government has approved strategic sale of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) to Skymap Pharmaceuticals Pvt Ltd for over Rs 121 crore, the finance ministry said on Tuesday. The government had...
CCI clears Mercuria-Tata International JV, approves Indovida-EPL merger
The Competition Commission of India (CCI) on Tuesday said it has cleared a proposed joint venture between Mercuria Energy Netherlands BV and Tata International Singapore (Pte), and the merger of Indovida India into EPL...
Govt to sell up to 2% stake in Coal India via OFS from Wednesday
The government will sell up to 2 per cent stake in Coal India through an offer for sale at a floor price of ₹412 apiece beginning Wednesday. The sale of up to 2 per cent stake or about 12.32 crore shares at ₹412 apiece...
Park Medi World to acquire Medicity Hospital in Rudrapur, enter Uttarakhand
Hospital chain Park Medi World Ltd on Monday said it will acquire 100 per cent of the outstanding shareholding of The Medicity Hospital, Rudrapur, in an all-cash transaction valued at Rs 177 crore. The acquisition marks...
Premier Energies promoters divest 5.3% stake; JM launches pvt credit fund
Promoters of Premier Energies, a renewable energy firm, offloaded 5.3 per cent stake in the company for ₹2,413 crore. According to exchange data, promoter group entities and family members — including Surenderpal Singh...
LIC raises stake in Central Bank of India to over 6% amid government OFS move
State-owned insurer Life Insurance Corporation of India has increased its stake in Central Bank of India to 6.06% from 3.16% earlier, following a fresh market purchase of shares. In an exchange filing, the Central Bank...
Adani, GMR among shortlisted bidders for $400 million IntelliSmart deal
India’s leading smart meter platform IntelliSmart Infrastructure has entered the final leg of its sale process, with an Adani Group entity in the four-bidder shortlist for the next round of negotiations, multiple...
Anupam Rasayan to acquire up to 43 pc stake in Bliss GVS Pharma for around Rs 1,369 cr
Specialty chemicals maker Anupam Rasayan India has signed an agreement to acquire up to 43.3 per cent stake in pharmaceutical formulations company Bliss GVS Pharma Ltd for an estimated Rs 1,369.51 crore and launch an...
Elevation Capital sells Rs 964 crore Paytm Shares via block deals
According to stock exchange filings, multiple entities under Saif Partners participated in the bulk deals, selling shares worth about ₹964 crore. Saif Partners, which is among Paytm’s earliest investors, was...
Dalmia Bharat buys Jaiprakash cement assets from Adani for Rs 2,850 crore
Dalmia Bharat said on Friday it is acquiring the cement business of Jaiprakash Associates from the Adani Group for an enterprise value of ₹2,850 crore. The cement-maker will acquire 5.2 million tonnes of cement capacity...
