The National Company Law Tribunal (NCLT) has allowed ZEE Entertainment Enterprises Limited (ZEEL) to withdraw its implementation application that sought directions to Sony Group Corp-owned Culver Max Entertainment and...
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr
Triveni Engineering & Industries Ltd has acquired an additional 36.34 per cent stake in sugar firm Sir Shadi Lal Enterprises Ltd for Rs 45 crore. The company is one of the largest integrated sugar producers in the...
Anil Agarwal likely to sell a 2.5% stake in Vedanta
Billionaire Anil Agarwal’s Vedanta Resources is likely to sell a 2.5% stake in Vedanta Ltd in the next couple of weeks through block deals, said two persons aware of the development. Promoter group is likely to sell...
HDFC Bank plans infra bond swap for securities of parent HDFC Ltd
HDFC Bank is discussing with investors and the regulator a plan through which the country’s most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new...
Prestige Estates Projects approves $599 million fundraise via stake sale
Prestige Estates Projects said on Friday it will raise 50 billion rupees ($598.6 million) by issuing shares to institutional investors. The Indian real estate developer added its board has approved the monetization of...
Hinduja Group begins bond sale process to raise ₹7,300 crore for Reliance Capital acquisition, says report
Hinduja Group is set to raise approximately ₹7,300 crore ($873 million) through two rupee bond offerings, Bloomberg reported citing sources. This move is part of the funding strategy for acquiring Reliance Capital, it...
WeWork India stake sale to give Embassy Buildcon partial exit
Embassy Buildcon, which invested Rs 1,000 crore into WeWork India between 2017 and 2019, will get a partial exit after WeWork India management’s stake sale to Volrado Ventures and other co-acquirers, including...
Bharti Airtel buys extra 1% in Indus, boosts stake in towerco to Rs 48.95%
Bharti Airtel has acquired another 1% stake in Indus Towers for an undisclosed sum via an all-cash block deal, boosting its stake in the telecom tower company to 48.95% and inching closer to having a majority ownership...
Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal
Zurich Insurance Company Ltd has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited. Zurich acquired a 70 per cent stake in Kotak General Insurance for ₹5,560 crore (USD 670...
Axis Bank acquires additional stake in Max Life Insurance subsidiary for ₹336 crore
Axis Bank has acquired additional equity shares of Max Life Insurance Company, a subsidiary of Max Financial Services, for ₹336 crore, the private lender announced on Wednesday. The bank’s board of directors...
LS Digital restructures operations, set to expand into US
Former Blackstone managing director Mathew Cyriac’s Florintree Advisors-backed LS Digital has integrated three agencies—Langoor Digital, F1 Studioz, and Social Panga—that it acquired over the last two years. The digital...
Vedanta sees sale of steel operations by October, to spend $1.9 billion on capex
Vedanta Ltd expects to monetise its steel and raw materials business in the first half of the current financial year, chairman Anil Agarwal said. The company had initiated a strategic review of these businesses in June...
