The National Company Law Tribunal (NCLT) has approved the settlement plan for the financial liabilities of listed construction firm Supreme Infrastructure India, paving the way for the resolution of debt worth ₹2,200...
Shriram Pistons gains after acquiring Karna Intertech
Shriram Pistons & Rings (SPRL) advanced 1.05% to Rs 1883.85 after the company said it acquired 100% stake in Karna Intertech (Karna) for total consideration of Rs 5 crore. Karna has a sophisticated tool room located...
Sandhar Tech rises after acquiring Sundaram-Clayton’s Aluminium die casting business
Sandhar Technologies advanced 2.82% to Rs 395.80 after the company said that its wholly-owned subsidiary Sandhar Ascast has acquired Sundaram-Clayton’s ‘high pressure and low pressure Aluminium die...
360 ONE, Claypond Capital get CCI nod to acquire stakes in API Holdings
Fair trade regulator CCI on Tuesday approved wealth management entity 360 ONE and Claypond Capital Partners’ proposal to jointly acquire stakes in digital healthcare platform API Holdings. API Holdings provides...
ICICI Bank to exit from ICICI Merchant Services Pvt Ltd
ICICI Bank has said it plans to exit from its associate ICICI Merchant Services Private Limited by selling the entire 19 per cent stake in the company. The bank has executed a share purchase agreement with First Data...
UBS completes merger of Credit Suisse Service Company entities in India
UBS on Tuesday said it has concluded the merger of Credit Suisse Service Company entities with UBS Business Solutions in India. This marks a milestone in UBS’s broader integration journey, bringing together a...
Inframarket’s venture debt backers explore $30 mn secondary stake sale ahead of IPO
Infra.Market’s venture debt backers are exploring a $30 million secondary transaction in an extended pre-IPO round as they look to encash their stake before the company files its draft papers later this quarter, three...
Aditya Birla sells Century Pulp and Paper to ITC for Rs 3,498 crore
Aditya Birla Group has sold Century Pulp and Paper to ITC Limited for Rs. 3498 crore, as per details in a stock exchange disclosure on Monday. The pulp and paper business of the group is housed in the listed Aditya...
ABCL completes merger of subsidiary Aditya Birla Finance with itself
Aditya Birla Capital on Monday said it has completed the amalgamation of its wholly-owned subsidiary Aditya Birla Finance with itself to create a unified larger operating NBFC. This follows the order of the National...
Tata AutoComp Systems to acquire 80% stake in Artifex
Tata AutoComp Systems Ltd on Sunday said it will acquire 80 per cent stake in Artifex Interior Systems Ltd, a part of the Jaguar Land Rover group, for an undisclosed sum. On completion of this transaction, Artifex, with...
Shivalik Small Finance Bank plans M&A to grow
Shivalik Small Finance Bank has started exploring M&A opportunities to expand the secured portfolio in its balance sheet, seeking to de-risk its overall book amid evident stress in loan assets that do not have...
Govt to raise stake in Vi to 49% with fresh acquisition worth Rs 37,000 cr
The government has agreed to raise stake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on...
