Yatra Online Limited announced on Monday that it has entered into a definitive agreement to acquire 100% of Globe All India Services Limited (Globe Travels), a corporate travel services provider for Rs 128 crore in cash...
Reverse merger likely to improve profit of Gujarat Gas, stock up 11%
The stock of Gujarat Gas gained 11.12% on NSE Monday following the state’s plan to simplify the shareholding structure through a reverse merger of Gujarat State Petroleum Corp (GSPC) and Gujarat State Petronet Ltd...
Emami to acquire remaining 49.6% stake in ‘The Man Company’
Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand ‘The Man Company’. Helios Lifestyle is already a...
In India, some mergers and acquisitions are more equal than others. Just look at ICICI Securities case
Amid the ongoing row between a New York-based short seller and the Indian market regulator, a completely different controversy is brewing. It involves the country’s second-most-valuable bank, and its plan to swallow up...
Power Grid Corp acquires Bhadla-III & Bikaner-III Transmission
State-owned Power Grid Corporation on Friday said it has acquired project special purpose vehicle (SPV), Bhadla-III and Bikaner-III Transmission Ltd, through tariff-based competitive bidding. “Power Grid...
NCLAT rejects appeal filed by Deepak Chhabria of Finolex Cables against Orbit Electricals
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal filed by Deepak Chhabria and his wife, Vini Chhabria, against Orbit Electricals Private Limited. Orbit Electricals holds a 30.70% stake in...
Macrotech Developers acquires 2 warehousing cos for Rs 96 cr
Macrotech Developers has acquired two companies operating in the warehousing sector for nearly Rs 96 crore. The realty developer has Acquired Opexefi Services and One Box Warehouse for Rs 46.67 crore and Rs 49.09 crore...
NCLT sanctions Star-Viacom18 merger scheme after CCI clearance
The Mumbai bench of the National Company Law Tribunal (NCLT) has sanctioned the merger scheme between Walt Disney’s Star India and Reliance Industries Limited’s (RIL) Viacom18, following the Competition...
Aditya Birla Capital completes sale of entire stake in Aditya Birla Insurance Brokers
Aditya Birla Capital announced the completion of stake sale of Aditya Birla Insurance Brokers (ABIBL) to Edme Services (Edme), which is part of the Samara Capital Group and an affiliate of Samara Alternate Investment...
Sebi approves IIHL’s acquisition of PMS business unit of Invesco AMC
Capital market regulator Sebi has granted its approval to Hinduja Group firm IndusInd International Holdings for the acquisition of Invesco AMC’s portfolio management services business. According to sources...
2027-28 demerger in sight, Adani Group’s airport arm prepares for independent operations, CFO confirms
Adani Group is planning to demerge its airport business by the financial year 2027-28, according to Robbie Singh, Group Chief Financial Officer (CFO) of Adani Group, as reported by TOI. This announcement was made during...
IndiGo co-founder Rakesh Gangwal’s family trust sells stake in airline worth ₹9,549 crore
Rakesh Gangwal’s Chinkerpoo Family Trust sold a 5.24% stake in InterGlobe Aviation on Thursday, amounting to ₹9,549 crore through open market transactions. The trust divested over 2.02 crore shares of IndiGo...
