Axis Finance, IDBI Bank & IDBI Trusteeship Services have withdrawn their petitions before the appellate tribunal NCLAT filed against the NCLT order approving the merger of Zee Entertainment with Sony Pictures...
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current...
NCLAT stays order to re-run Rajesh Business’ bankruptcy process
The National Company Law Appellate Tribunal (NCLAT) has stayed a lower court’s order asking creditors of Rajesh Business & Leisure Hotels to restart a bankruptcy process after an appeal by lead lender ICICI...
Infosys eyes space tech sector with strategic investment in GalaxEye
Global IT services giant Infosys announced on September 19 about its plans to invest up to ₹17 crore (approximately $2 million) in space tech startup GalaxEye Space Solutions. The investment, part of the Infosys...
India’s IndoStar Capital jumps on $209 mln deal to sell home finance unit to EQT
Shares of IndoStar Capital Finance climbed to an over three-year high on Friday, a day after the Indian non-bank lender announced a $209 million deal to sell its home finance unit to private equity firm EQT. The deal...
Aurobindo to acquire 49 pc stake in GLS Pharma for Rs 22.5 cr
Aurobindo Pharma Ltd on Wednesday said it will acquire the balance 49 per cent stake in GLS Pharma Ltd for Rs 22.5 crore to make the latter a wholly-owned subsidiary. The company has entered into a binding agreement on...
Rishabh Pant buys 2% stake in Techjockey for Rs 7.4 crore
Cricketer Rishabh Pant has acquired a 2% stake in online software marketplace Techjockey for Rs 7.4 crore, valuing the company at Rs 370 crore. Pant said he invested in Techjockey as the company was aiming to simplify...
Aster DM Health, Quality CARE inching closer to a merger deal
The proposed merger between Bangalore-based listed hospital chain Aster DM Healthcare and Hyderabad-based Quality CARE India is in its final stages of negotiations, and the deal is expected to be signed by the end of...
Bhartias lead race for Coke bottler Hindustan Coca-Cola Beverages, ink exclusivity pact to buy up to 40% s
The promoters of the Jubilant Bhartia Group have emerged as frontrunners for a stake in Coca-Cola’s India bottling arm, bettering an offer by the Burmans of Dabur, as they amp up their bet on the country’s...
RBI approves Aditya Birla Capital’s merger with AB Finance; stock up 6%
Aditya Birla Capital shares soared 5.7 per cent and logged an intraday high of Rs 240 per share. The buying interest in the stock came after the Reserve Bank of India (RBI) gave its nod for the merger of Aditya Birla...
DCM Shriram Industries gains 4% as BSE clears merger proposal
DCM Shriram share price today: Shares of DCM Shriram Industries climbed 3.8 per cent to Rs 200 per share on the BSE on Wednesday. The gain in DCM Shriram Industries share price came after the BSE issued “no...
Marketing tech agency Wondrlab acquires second influencer firm OPA
Mumbai-based Wondrlab, a marketing-technology agency, has acquired its second influencer marketing platform OPA. The company, which has raised $13 million from investors, said this is its sixth acquisition and second in...
