ChrysCapital is set to acquire about 20% stake in Bright Lifecare that runs omnichannel health products store HealthKart, valuing the business around $450 million (₹3,700 crore). The talks are in final stages and the...
CCI clears JM Financial’s 43 pc stake buy in JM Fin Credit Solutions
Fair trade regulator CCI on Tuesday cleared JM Financial’s proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is an RBI-registered systemically...
Saregama India soars on buzz of Dharma Productions acquisition
Saregama India soared 8.76% to Rs 635, fueled by reports suggesting the company is in talks to acquire a majority stake in Dharma Productions, a prominent film production house owned by Bollywood filmmaker Karan Johar...
Bharti Airtel in advanced talks to acquire Tata Play to boost digital TV segment
Sunil Mittal-led Bharti Airtel is in advanced negotiations with the Tata Group to buy loss-making Tata Play, India’s largest direct-to-home (DTH) business, said people aware of the matter. The aim is to consolidate its...
Agritech startup DeHaat in talks to raise $100 million for acquisition, expansion. Valuation likely to remain unchanged
Agritech startup DeHaat has begun preliminary talks to raise $100 million through debt and equity for an acquisition and other business expansion plans, two people with knowledge of the development said. The funds will...
HDFC Bank approves 100% stake sale of subsidiary HDFC Education to Vama Sundari Investments for ₹192 crore
HDFC Bank has approved the complete 100 per cent stake sale of its subsidiary firm HDFC Education and Development Services to a private company for a total of ₹192 crore. The board of India’s top private lender on...
Adani Group lays bricks to buy Heidelberg’s India cement unit
The Adani Group has begun talks to acquire the Indian cement operations of Germany’s Heidelberg Materials, according to people familiar with the matter. The proposed buyout of Heidelberg’s India unit will be...
NCLT initiates insolvency proceedings against Jupiter Landscapes over Rs 573 cr debt
The National Company Law Tribunal (NCLT) has ordered the initiation of corporate insolvency resolution process (CIRP) against realty developer Jupiter Landscapes following its default on repayments of non-convertible...
SAMHI Hotels acquires Innmar Tourism and Hotels private Ltd
Branded hotel ownership and asset management platform SAMHI announced the completion of execution of the Share Purchase Agreement (“SPA”) for the acquisition of Innmar Tourism and Hotels Private Limited (“ITHPL”). The...
CCI clears Rs 13,630 cr Mankind Pharma acquisition of Bharat Serums
The Competition Commission of India (CCI) has cleared Mankind Pharma’s acquisition of Bharat Serums and Vaccines in a ₹13,630-crore deal. In a statement on Wednesday, the regulator said: “The proposed...
Tribunal orders lenders of insolvent Siti Networks to return ₹148 crore to company
An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company ₹143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. The...
Adani Enterprises merges two subsidiaries with Adani New Industries Limited
Adani Group’s flagship company, Adani Enterprises, announced in its BSE listing on Wednesday, October 2, that the conglomerate has merged two subsidiaries with Adani New Industries Limited. Adani Infrastructure...
