Karur Vysya Bank (KVB) on 23 August announced that the Reserve Bank of India (RBI) granted its approval for SBI Mutual Fund (SBI MF) to acquire up to 9.99 per cent of the bank’s paid-up share capital or voting...
CCI nod sought for merger of Tata Motors Finance with Tata Capital
Tata Capital Ltd (TCL) has sought the Competition Commission of India’s (CCI) approval for its proposal to absorb Tata Motors Finance Ltd (TMFL). In a filing with the antitrust regulator last week, the company...
Birla Fertility acquires IVF chain BabyScience in ₹500-crore push for 100 clinics by FY28
Birla Fertility & IVF has completed the acquisition of BabyScience IVF Clinics, founder Avanti Birla told Mint. The acquisition, its second in three months, will strengthen the company’s presence in the western part...
Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%
Billionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in...
NCLAT asks RP to bring on record e-mail sent to successful bidder Sarda Energy seeking clarification
The NCLAT on Wednesday directed the resolution professional of SKS Power Generation to submit and bring on record the e-mail sent to the successful bidder, Sarda Energy and Mining on May 8, 2023, seeking clarifications...
NCLT dismisses petitions by minority shareholders opposing delisting of ICICI Securities
The Mumbai bench of the National Company Law Tribunal has dismissed applications filed by minority shareholders opposing the delisting of ICICI Securities, while allowing the company to go ahead with the plan. The...
Zomato to buy Paytm’s movie and events ticketing biz for ₹2,048 crore
Zomato is set to acquire Paytm’s entertainment and ticketing business for ₹2,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the “going-out” sector...
CCI tunes in to RIL-Disney merger show, raises query
The Competition Commission of India (CCI) has asked Reliance Industries and Walt Disney as to why their proposed $8.5-billion merger of media assets in the country should not be probed over antitrust concerns, people...
Zappfresh acquires Mumbai-based Bonsaro to expand its online meat delivery business
Startup Zappfresh, which sells meat through its online platform, has acquired Mumbai-based Bonsaro to expand its business in West India. In a statement on Tuesday, Zappfresh said it has acquired Bonsaro (Majestic...
Simplex Projects’ promoter secures NCLT’s nod for acquiring company through bankruptcy
The bankruptcy court in Kolkata has approved the Simplex Projects revival plan submitted by its promoter Sudarsshhan Das Mundhra. Before the National Company Law Tribunal (NCLT) nod, the company’s lenders approved the...
CCI clears Rs 4,630 cr deal between Warburg Pincus, Shriram Housing Finance
The Competition Commission of India (CCI) has cleared Warburg Pincus’ acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore. In a...
CG Power and Industrial completes acquisition of G G Tronics for Rs 319 cr
CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, the company said. In a BSE filing on Tuesday, the company said it has completed the acquisition of G G Tronics on August...
