Sajjan Jindal-led JSW Cement has begun evaluating acquisition of the promoter stake in Orient Cement Ltd (OCL) from CK Birla, said people aware of the development, amid a consolidation wave in the sector that’s seen the...
CCI approves merger of Mangalore Chemicals & Fertilisers with Paradeep Phosphates
The Competition Commission of India on Tuesday said it has approved the proposed amalgamation of Mangalore Chemicals & Fertilizers with Paradeep Phosphates Ltd. Mangalore Chemicals & Fertilizers Ltd (MCFL) is a...
Risk consulting firm White Matter Advisory acquires 90% stake in fintech Fairexpay
Treasury risk consulting firm White Matter Advisory on Monday announced the acquisition of a 90% stake in fintech startup Fairexpay for an undisclosed amount. The acquisition will help White Matter Advisory in expanding...
CCI greenlights Bunge’s acquisition of agriculture company Viterra
The Competition Commission of India (CCI) approved the acquisition of 100 per cent share capital of the agriculture company Viterra by Bunge, the commission said in a statement. After the move, Bunge will acquire all...
BCM Group acquires five star property The Golden Palms Resorts and Spa
BCM Group has acquired Bengaluru’s five-star hotel, The Golden Palms Resorts and Spa, the diversified group’s managing director Rajesh Mehta told ET without disclosing the financial details of the deal. The resort...
Adani Wilmar could add regional kitchen essential brands to portfolio, seeking wider market share
Edible oil maker Adani Wilmar Ltd said it could invest in regional companies in categories such as spices, condiments and ready-to-cook meals, aiming for a larger share of the packaged food market. “After we bought the...
AI firm C5i acquires marketing analytics firm Analytic Edge
Artificial intelligence and analytics services provider C5i has acquired marketing analytics company Analytic Edge for an undisclosed sum, marking its second acquisition in 12 months. The transaction valued Analytic...
India Cements buy to bolster UltraTech’s hold over South
UltraTech Cement’s acquisition of a controlling stake in Chennai-headquartered India Cements will not only help in staying ahead in the highly competitive sector but also delay efforts of the Adani Group to catch...
Bankruptcy court orders liquidation of Future Retail as resolution eludes
It’s the end of the road for Kishore Biyani-led Future Retail Ltd, which once led India’s organized retail revolution. The National Company Law Tribunal (NCLT) on Monday ordered liquidation of the company, setting...
Ultratech to buy 33% stake in India Cements
The Board of Directors of Birla group-owned UltraTech Cements approved the purchase of 32.72% equity stake of the promoters & their associates in India Cements Limited at a board meeting held today. ET first broke...
Jai Corp’s Virendra Jain, son acquire Kamachi Industries for ₹487 crore
Jai Corp’s vice chairman Virendra Jain and his son Ankit Jain have acquired Chennai-headquartered steel company Kamachi Industries for ₹487 crore, said a statement issued by Kamachi Industries on Saturday. The...
Emami likely to acquire 100% stake in The Man Company
FMCG maker Emami Ltd may seek complete ownership of Helios Lifestyle, which owns men’s grooming brand The Man Company, said two industry executives. Emami currently holds a 50.4% stake in Helios. A potential deal...
