In one of the largest deals in the Indian film entertainment business, the India unit of Universal Music Group (UMG), world’s largest music label, has acquired a 30% stake in Farhan Akhtar and Ritesh...
DSM Fresh Foods to acquire majority stake in Avyom Foodtech
DSM Fresh Foods announced that its Board of Directors has approved the acquisition of a 51% controlling stake in Avyom Foodtech (AFPL), marking the company’s formal entry into the ready food solutions segment...
Inox Clean acquires 300 MW of SunSource green power portfolio in ₹1,000-cr deal
Initial public offering-bound Inox Clean Energy has signed a definitive agreement to acquire 300 MW of solar power portfolio of Dutch multinational SHV Energy-owned SunSource Energy for ₹1,000 crore ($111 million), said...
Arugn Tech gets MIB nod to buy AION Capital’s stake in Planetcast Media
The Ministry of Information and Broadcasting (MIB) has approved Arugn Technologies’ proposal to acquire Apollo Global-backed AION Capital’s stake in teleport operator Planetcast Media, marking a significant...
Devyani & Sapphire to merge, form QSR giant
Devyani International and Sapphire Foods India, which operate KFC and Pizza Hut quick service chains in India, are merging operations to create the country’s largest single quick-service restaurant (QSR) entity...
Timken India update on acquisition of 26% stake in Sunstreamgreen Energy C&I Three
Timken India had entered into an Agreement to acquire 26.1% equity shares of Sunstreamgreen Energy C&I Three to purchase power under the Group Captive Scheme and this transaction would be completed on or before...
IHCL exits Taj GVK after selling 25.52% stake
The Indian Hotels Company announced on Tuesday that it has sold its entire shareholding in Taj GVK Hotels & Resorts, formally ending its ownership relationship with the company. In a stock exchange filing, the now...
Go Digit General Insurance board okays merger with holding company
Go Digit General Insurance’s board has approved a plan to merge its holding company, Go Digit Infoworks Services, with the listed insurer. This will be the first time an insurance company has merged with a non-insurance...
Paramount TPA to merge with Medi Assist Insurance TPA
Medi Assist Healthcare Services Ltd on Monday said its step down subsidiary Paramount Health Services & Insurance TPA Private Ltd (Paramount TPA) decided to merge with another group entity Medi Assist Insurance TPA...
Aurobindo Pharma to acquire 26% stake in Swarnaakshu Solar Power
Aurobindo Pharma announced that, pending receipt of state government approval for setting up a captive solar power plant, the required investment for acquiring 26% in Swarnaakshu Solar Power will be completed on or...
Syska LED insolvency draws four bidders, including promoter and Mutares Group
The insolvency resolution process of Syska LED Lights has attracted interest from four parties-the company’s promoter, Germany-based turnaround investor Mutares Group, Aikyam Stressed Asset Fund and Cyfuture...
Arvind Fashions snaps up Flipkart’s stake in Flying Machine for Rs 135 crore
Arvind Fashions said on Monday it will buy Flipkart India’s entire 31.25% stake in its denim-focused unit that runs the Flying Machine brand, in a deal valued at Rs 135 crore. Arvind Youth Brands Private Limited runs...
