The Indian government will offload a stake of about 5% in shipbuilder Cochin Shipyard, an exchange filing showed on Tuesday. The floor price for the sale is 1,540 rupees, an 8% discount to the stock’s Tuesday...
Licious acquires My Chicken and More to boost offline presence
Meat and seafood home-delivery service Licious’ parent company, Delightful Gourmet, on Monday said that it has acquired Bengaluru-based offline retailer My Chicken and More. It was a cash-and-equity deal, the...
Temasek-backed Manipal Health buys hospital in Mumbai’s Andheri for Rs 415 cr
Singapore’s global investment company Temasek Holdings-backed Manipal Health Enterprises’ Manipal Hospitals has acquired a five-storey hospital property in Mumbai’s western suburb Andheri for Rs 415 crore...
RIL expects Star-Viacom18 merger deal closure in Q3
Reliance Industries Limited (RIL)-owned Viacom18 and Walt Disney’s Star India are expected to complete their merger by the third quarter of this financial year, pending additional approvals, according to a...
PE firms queue up for Novartis’ Indian arm
Private equity firms ChrysCapital, Apollo Global Management, Kedaara Capital and Multiples Equity are evaluating the acquisition of Novartis AG’s 70.68% stake in its India-listed arm, according to the people with...
Reliance Industries in talks to acquire stake in Karan Johar’s Dharma Productions
Reliance Industries (RIL) is in talks to acquire a stake in Bollywood producer and director Karan Johar’s Dharma Productions, said people familiar with the matter. A deal will strengthen the oil-to-telecom...
AGR Knowledge Services Acquires Germin8’s Services Business to Expand Global Insights Capabilities Armed with AI and Analytical Intelligence
AGR Knowledge Services, a leading tech-driven business research and insights firm, has acquired Germin8’s services business. Germin8 is a tech-driven company focused on enhancing customer experience through AI...
Senco Gold in advanced talks to buy online jeweller Melorra as it takes a shine to e-commerce
Kolkata-based jeweller Senco Gold Ltd, which listed on the public markets last year, has placed a bid to acquire omnichannel jewellery retailer Melorra as it seeks to expand its presence in the e-commerce space, four...
NCLT approves ICICI Bank’s scheme of delisting its affiliate ICICI Securities from the bourses
The Ahmedabad bench of the National Company Law Tribunal approved the ICICI Bank’s application for the scheme of arrangement for delisting of broking firm ICICI Securities Ltd from the bourses. On Wednesday the bench...
NCLT directs to initiate insolvency proceedings against Syska LED Lights
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor — Sunstar Industries. Syska LED Lights, part...
Tellado Realty divests its hospitality business to StayVista
Tellado Realty, one of the luxury developers in Goa with projects like Tellado Villas (Siolim) and Baia Villas (Mandrem) has divested its hospitality business to villa rental brand StayVista. StayVista said it will be...
Kalpataru Projects International to sell stake in Vindhyachal Expressway for Rs 775 cr
Kalpataru Projects International Ltd (KPIL) on Wednesday signed definitive agreements with Actis Atlantic Holdings to sell its 100 per cent stake in Vindhyachal Expressway for Rs 775 crore. The completion of sale is...
