The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal...
IHH Health eyes acquisitions to grow business: CEO Prem Kumar Nair
IHH Healthcare, the Singapore-Malaysia-based hospital group that operates a chain of hospitals under Fortis and Gleneagles (erstwhile Global Hospitals) brands in India, is planning to double its bed capacity here to...
DRA Homes acquire residential development at Marina Mall
DRA Homes, a Chennai-based real estate developer, has acquired Marina Mall’s residential development project, the prestigious Marina Mall in OMR, Chennai, for Rs 25.10 crore. YuBi, a FinTech platform, funded the...
Board of Zaggle approves acquisition of majority stake in Span Across
At meeting held on 25 September 2024 The Board of Zaggle Prepaid Ocean Services at its meeting held on 25 September 2024 has approved the acquisition of 10,66,314 equity shares of face value of Rs. 10/- each at a price...
HomeLane to acquire Design Café, raises ₹225 crore from Hero Enterprise, WestBridge and others
Interior décor solutions provider HomeLane is set to acquire its smaller rival Design Café in a share swap transaction for an undisclosed sum, while securing ₹225 crore in fresh funding from investors including Hero...
Whatfix secures funding from Warburg Pincus, SoftBank at $900 million valuation; eyes IPO in two years
Whatfix, a business-to-business digital adoption platform, is on track to achieve profitability within the next six months as it prepares for a possible public listing in two years, its co-founder and chief executive...
NCLAT directs to maintain status quo on Vadilal Enterprises, Vadilal International boards
The appellate tribunal NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of the structure of their boards until further orders. Passing an interim order, a two-member NCLAT...
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process
The bankruptcy court on Monday admitted Future Group’s affiliate Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process (CIRP) in an application filed by Avendus Finance Pvt Ltd after the company...
Edelweiss-owned Sekura acquires O2 Power’s MP assets for Rs 2k cr
Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350-MW operational assets of O2 Power developed for Rewa Ultra Mega Solar (RUMSL) in Madhya Pradesh, said multiple people aware of the...
Hindustan Zinc stake sale: Govt holds roadshows in India and abroad
The government has conducted several roadshows in the last 15 days in financial capitals like Mumbai, London, Boston and New York to assess the market and meet investors for sale of its stake in Vedanta Group firm...
L&T acquires 12.25% stake in Indian Foundation for Quality Management
Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said it has acquired 12.25 crore equity shares of the Indian Foundation for Quality Management (IFQM), representing a 12.25 per cent...
Nandan Nilekani’s wife acquires Rs 8.55 crore stake in this small-cap logistics firm
Rohini Nilekani, philanthropist and wife of Infosys co-founder Nandan Nilekani, purchased shares worth Rs 8.55 crore in logistics firm Allcargo Gati via open market transactions on Thursday. Rohini Nilekani’s...
