Private lender YES Bank refuted a news report that claimed the Reserve Bank of India (RBI) has approved for the sale of a 51 per cent stake in the bank. “The contents of the said article are factually incorrect and...
Godrej Industries to acquire unit of Shree Vallabh Chemicals in Gujarat
Godrej Industries Ltd on Monday said its chemicals business unit has agreed to acquire a unit of Shree Vallabh Chemicals at Kheda in Gujarat entailing an estimated investment of Rs 45 crore. The company’s...
Coforge acquires 17% stake in Cigniti Technologies for Rs 645 crore
IT company Coforge on Friday bought a 17 per cent stake in Cigniti Technologies for Rs 645 crore through open market transactions. According to the block deal data available with the BSE, Coforge purchased a total of...
Apollo Hospitals to acquire Rs 103.2 crore stake in subsidiary Apollo Health
Apollo Hospitals Enterprises has announced that it will acquire a stake worth Rs 103.2 crore in its subsidiary company, Apollo Health and Lifestyle. This acquisition, aggregating Rs 1032.60 million (or Rs 103.2 crore)...
Integra Essentia announces merger with G G Engineering
Integra Essentia announced that the board of directors have approved the scheme of amalgamation of Integra Essentia (transferee company) and G G Engineering (transferor company). Integra Essentia shall issue and allot...
Steel body wants merger of three Companies with SAIL for synergy
The Steel Executives Federation of India (SEFI) has urged the steel ministry to merge state-run Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL) and Nagarnar steel plant with the Steel Authority of...
LIC raises stake in IDFC First Bank to 2.68% at ₹80.63/share via private placement offer
The Life Insurance Corporation of India (LIC), India’s largest insurance company, said on Thursday, July 4, that it acquired a 0.2 per cent stake in IDFC First Bank Limited for ₹80.63 per share, increasing its...
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech’s Southern push
Kumar Mangalam Birla flagship UltraTech is in advanced negotiations with the promoter of Orient Cement Ltd (OCL), his uncle CK Birla, after restarting talks in recent weeks, amid intensifying consolidation efforts in...
Collective Artists Network acquires Terribly Tiny Tales
Talent management firm Collective Artists Network has acquired digital content creator Terribly Tiny Tales (TTT) on the heels of securing funding from Zerodha co-founder Nikhil Kamath. The acquisition aligns with...
Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad Naoroji
The Adi-Nadir Godrej faction has agreed to buy out the 12.65 percent stake estimated at Rs 3858 crore in Godrej Industries via block deals from RKN Enterprises which is owned by Rishad Naoroji, a cousin of Adi Godrej...
Wipro asks NCLT to junk Ivalua’s insolvency plea
Wipro Limited Tuesday sought dismissal of Ivalua’s insolvency plea before the National Company Law Tribunal (NCLT). Wipro’s counsel contended that the company was not under any obligation to clear the...
Acre ARC sells Nagarjuna Fertilizers and Chemicals debt to AM Green for ₹1,685 cr
Bad loan aggregator Acre ARC has completed the sale of ₹3,857 crore debt of Nagarjuna Fertilizers and Chemicals to AM Green Ammonia for a cash consideration of ₹1,685 crore, making an absolute return of more more than...
