IDFC FIRST Bank Limited on Wednesday informed the exchanges that it has received regulatory approval from the Reserve Bank of India (RBI) permitting ICICI Prudential Asset Management Company Limited, along with entities...
PFC-REC merger may take a ‘preferential’ route to keep government company tag
The proposed union of Power Finance Corp (PFC) and REC could include a preferential allotment of shares to the Centre as part of the merger scheme, to ensure the combined entity can retain its government company tag...
Norwest-backed SILA buys SMS Integrated Facility Services in Rs 270 crore deal
Norwest Venture Partners-backed real estate and business services platform SILA has acquired a 100% stake in SMS Integrated Facility Services from private equity firm Samara Capital in an all-cash transaction valued at...
Happiest Minds’ Ashok Soota shrugs off stake sale reports
Happiest Minds’ founder and chairman Ashok Soota said on Tuesday that he was “very much in charge” at the mid-cap IT firm, amid media reports that he was exploring a stake sale. “There is nothing more important than the...
Chili’s Grill & Bar operator in talks to sell minority stake at ₹800 crore valuation
Trimex Foods, which operates global cafe and restaurant brands Chili’s Grill & Bar, Cinnabon and Paul Bakery in India, has mandated EY to sell a minority stake, people aware of the development said. They are in...
Govt launches OFS to divest up to 5% in BHEL
The government has launched an Offer for Sale (OFS) to sell up to a 5% stake in Bharat Heavy Electricals (BHEL). Under the offer, the Centre will first sell a 3% stake, with an option to sell an additional 2% if the...
Reliance Consumer Products acquires health foods maker Southern Health
Reliance Consumer Products Ltd (RCPL), an arm of Reliance Industries, has acquired Southern Health Foods, a leading Tamil-Nadu-based maker of health foods, housing the brand “Manna”. The acquisition amount has not been...
Ajanta may raise Rs 2,000 crore to buy Restaurant Brands Asia
Ajanta Pharma’s promoters are exploring financing options of up to ₹2,000 crore to fund the acquisition of a controlling stake in Restaurant Brands Asia, the India and Indonesia franchisee of Burger King, in a...
Actis ‘Sprngs’ a surprise, enters race to re-acquire co from Shell
Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch energy major in 2022, said people with...
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal’s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its...
Impresario in talks to acquire mid-sized restaurant chains ahead of proposed IPO
Impresario Entertainment & Hospitality, which owns casual dining chains Social, Smoke House Deli, and Mocha, is in talks with about half a dozen mid-sized restaurant chains and cafes for potential acquisitions, and...
NCLT clears Hotel Horizon resolution; NCLAT bars equity creation for now
The National Company Law Tribunal has approved Hotel Horizon’s acquisition by the consortium of Oberoi Realty, Shree Naman Developers and JM Financial Properties and Holdings. The company has admitted liabilities of Rs...
