The President has approved the merger of REC Ltd with Power Finance Corporation, nearly seven years after PFC acquired the government’s majority stake in REC. In March 2019, state-owned PFC completed the...
National News
Lenskart Solutions acquires balance stake in Quantduo Technologies
Lenskart Solutions said that it has completed the acquisition of the remaining minority stake in Quantduo Technologies (GeoIQ), increasing its ownership from 92.35% to 100% through successive purchases. In a regulatory...
QPOWER to acquire Visakhapatnam-based Winwin Speciality Insulators
Quality Power Electrical Equipments today announced that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators (WSIL), a Visakhapatnam-based manufacturer of high-voltage...
Adani Energy buys IntelliSmart in Rs 3,050-cr deal, becomes India’s largest smart metering platform
Adani Energy Solutions Ltd (AESL) on Tuesday announced the acquisition of IntelliSmart Infrastructure Pvt Ltd, one of India’s leading smart metering platforms, in a transaction valued at Rs 3,050 crore. With the...
Dharana Capital buys 12-14% stake worth ₹225 crore in Mygate
Dharana Capital has acquired a 12-14% stake in residential community management platform Mygate for about ₹225 crore, backing the startup’s plans to expand its presence across India and broaden its product...
Gujjubhai Industries Completes Strategic Merger to Unlock Shareholder Value, Promoter Holding Rises to 63.75%
Gujjubhai Industries Limited (BSE: 532070), formerly known as Sumuka Agro Industries Limited, has successfully completed the merger of Gujjubhai Foods Private Limited with the Company, creating an integrated platform...
Motilal Oswal Financial jumps after HDFC Life Insurance buys stake via block deal
Motilal Oswal Financial Services rose 4.02% to Rs 853.65 after HDFC Life Insurance Company acquired a 0.30% stake in the company through a block deal on Monday, 8 June 2026. According to NSE block deal data, HDFC Life...
Govt to sell up to 3% stake in NLC India via OFS at ₹303 per share
The Centre on Monday launched an offer for sale (OFS) of a 2% base stake in state-run NLC India Ltd (formerly Neyveli Lignite Corporation), with a 1% greenshoe option in the event of oversubscription, as it seeks to...
Incuspaze eyes Rs 100 cr from iKeva buy
Managed workspace provider Incuspaze is likely to get nearly Rs 100 crore annual revenue boost with its latest acquisition of iKeva. iKeva has a portfolio of 18 workspace centres covering 500,000 sq ft across Hyderabad...
Evonith Steel acquires Indrajit Power in Maharashtra for Rs 232 cr
Evonith Steel on Friday announced the acquisition of Indrajit Power Pvt Ltd (IPPL) through an insolvency process for Rs 232 crore. The acquisition of 85 MW thermal asset will support its power requirements, Evonith...
Ixigo acquires majority stake in hotels brand Brevistay for Rs 66 crore
Gurugram-based online travel platform Ixigo has acquired a 55% stake in hotel-booking brand Brevistay for Rs 66 crore, the company said in a statement on Friday. Ixigo, which went public in 2024, said it may increase...
Inox Clean Energy buys Vena’s India energy business for Rs 6,000 crore
Inox Clean Energy, the renewable energy platform of the INOXGFL Group, said on Thursday it has signed a definitive agreement to acquire Vena Energy India’s 6 GW renewable energy portfolio. Financial terms of the...
