Biocon Ltd is exploring the merger of its biosimilars arm Biocon Biologics Ltd with itself, people aware of the development told ET. The potential deal is said to value the arm at around $4.5 billion, they said. The...
Debt-laden Kinara Capital looks to sell majority stake for survival
Crisis-hit non-bank financier Kinara Capital Pvt. Ltd is tapping strategic investors—fintechs and other non-banking financial companies (NBFCs)—to pump in funds in exchange for a majority stake in the company, said...
NCLT Mumbai reserves order on Vedanta’s demerger proposal; petroleum ministry cites concerns
The Mumbai bench of the National Company Law Tribunal reserved its order in the matter of the proposed Vedanta demerger, which India’s petroleum and natural gas ministry has opposed. “We heard both the parties. The...
JSW may sell 50% in Bhushan Power to JFE
JSW Steel is looking at options to sell a 50% stake in Bhushan Power and Steel, the distressed asset that it acquired in 2019. Japanese steelmaker JFE Steel Corp has emerged as the frontrunner for acquiring this stake...
CarTrade confirms acquisition talks with CarDekho parent
Mumbai-based listed auto marketplace CarTrade Tech is in discussions with Girnar Software, the parent company of rival CarDekho, to acquire its automotive classifieds businesses. In an exchange filing released on...
BASF India to acquire 26% stake in Clean Max Amalfi
For the purpose of procurement of renewable power under the captive power generation mechanism. BASF India has signed the Share Purchase Agreement with Clean Max Enviro Energy Solutions on 11th November, 2025 to acquire...
Magellanic Cloud allots 46.72 lakh equity shares for acquisition of 100% stake in Finoux Solutions
Magellanic Cloud has allotted 46,72,000 equity shares of face value of Rs 2 each at an issue price of Rs 75 per share aggregating to Rs 35.04 crore on preferential allotment basis through private placement to the...
Biscuit maker Anmol Industries puts fundraising back on the table, hires PwC
Kolkata-based Anmol Industries Ltd (AIL), which makes biscuits, cakes, cookies and rusks, has restarted discussions to sell a minority stake to raise $150-200 million, according to multiple people familiar with the...
Indian Hotels, ITC, EIH, others in race for Pune’s Crowne Plaza
Indian Hotels, ITC Hotels and EIH Ltd are among hospitality companies to have shown interest in acquiring Crowne Plaza, a Pune-based five-star hotel owned by Advantage Raheja group, said people aware of the development...
Adani Enterprises likely to pip Vedanta to emerge highest bidder for Jaiprakash Associates
Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than...
NCLT approves merger scheme of Suzuki Motor Gujarat with Maruti Suzuki India
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation, in which Suzuki Motor Gujarat is being merged with its parent entity, Maruti Suzuki India, the country’s largest carmaker. A two...
CCI approves proposed merger of Girnar group firms with Artivatic Data Labs
Fair trade regulator CCI on Friday cleared the proposed merger of four entities of CarDekho owner Girnar group into Artivatic Data Labs. The four entities are Girnar Finserv, Girnar Insurance Brokers, D2C Consulting...
