FMCG firm GRM Overseas announced on Wednesday the acquisition of a 44 per cent stake in Rage Coffee. This significant strategic investment will be in Swmabhan Commerce Pvt Ltd, the parent company of the digital-first...
Zomato completes acquisition of Paytm’s entertainment, ticketing business
Food delivery company Zomato has completed the acquisition of Paytm subsidiaries WEPL and OTPL for the entertainment ticketing business, the company said in its filing with the exchanges. On August 21, the Deepinder...
Zee and Sony India units settle dispute over failed merger
Zee Entertainment Enterprises and Sony Group Corporation’s India units Culver Max Entertainment and Bangla Entertainment have reached a comprehensive non-cash settlement and resolved all disputes related to the...
Motilal Oswal PE buys 25% stake in Lal Sweets
Mo Alternate Investment Advisors (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, is investing Rs 330 crore to acquire a 25% stake in Lal Sweets, a Bengaluru-based maker of packaged sweets...
UPL announces acquisition of balance 20% stake in PT Excel Meg Indo
UPL announced that UPL Global (UGL), a step-down subsidiary of UPL Corporation (subsidiary of the company) has completed the acquisition of balance 20% stake in PT Excel Meg Indo, Indonesia (PT Excel). PT Excel is...
Dailyhunt parent VerSe Innovation buys majority stake in data provider Valueleaf
VerSe Innovation, the parent of news aggregator Dailyhunt and short-video sharing app Josh, has acquired a majority stake in Valueleaf Group, an India-focused digital marketing agency. Through this deal, VerSe aims to...
Zydus Lifesciences acquires 50% stake in Sterling Biotech
Zydus Lifesciences said it has entered into an agreement with Temasek-backed Perfect Day to acquire a 50 percent stake in Sterling Biotech. Post the transaction, Sterling Biotech will become a 50:50 joint venture (JV)...
No plan to sell stake now: Punjab Kings’ Burman
Indian Premier League (IPL) team Punjab Kings majority owner Mohit Burman, embroiled in an ownership conflict with co-owner Preity Zinta, said he would meet all requirements whenever he decides to partly sell his stake...
Reliance Capital lenders move NCLAT over IIHL’s payment delay
The secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal seeking to modify the tribunal’s order to include interest on the delayed payment by Hinduja Group-owned IndusInd...
Adani entity sells 2.76% in Ambuja Cement for Rs 4,251 crore
Billionaire Gautam Adani’s entity sold around 2.76% stake in Ambuja Cements on Friday through an open market transaction, raising Rs 4,251 crore. According to NSE bulk deal data, Holderind Investments, an Adani...
Bikaji acquires 55% stake in Ujjain-based Ariba Foods
Indian snacks manufacturer Bikaji Foods International announced on Friday that it has acquired a 55% stake in Ujjain-based snacks and frozen foods company, Ariba Foods Private Limited for Rs 60.49 crore. Deepak Agarwal...
Adani Power gets NCLT nod to to acquire Lanco Amarkantak Power for ₹4,101 crore
Adani Power announced on Thursday that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) with an upfront payment of ₹4,101 crore. LAPL is...
