Ronnie Screwvala-led Upgrad would acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company’s founder Gaurav Munjal. “Neither side will disclose the valuation until closing, when...
National News
NARCL to buy Kurukshetra e-way debt
Government-backed National Asset Reconstruction Company (NARCL) is set to acquire the Rs 1,500 crore debt of Kurukshetra Expressway (KEPL) because no other buyer has offered a better price, said a person familiar with...
IDBI Bank sale may stall as bids trail reserve price
The strategic sale of IDBI Bank may stall as financial bids for the lender are lower than the floor price set by the government, people familiar with the matter said. The Centre may now need to halt the disinvestment...
CARS24 acquires Vehicle Info to build full-stack vehicle ownership platform
CARS24 has acquired automotive utility app Vehicle Info as part of its strategy to build what it describes as India’s first full-stack vehicle ownership platform, the company said on Thursday. The move marks a shift for...
Varun Beverages to acquire additional 23% stake in Jager Renewables Two (SPV)
Varun Beverages has approved the acquisition of an additional 23% equity share capital of Jager Renewables Two (a special purpose vehicle engaged to generate & supply solar power to consumers in the state of...
Aster DM wins nod for Quality Care merger, paving way for $7 bn hospital giant
Aster DM Healthcare India Ltd has secured approval from its shareholders and unsecured trade creditors for its amalgamation with Blackstone-backed Quality Care India Ltd more than a year after the deal was announced...
Nova IVF picks up majority stake in Kerala’s CRAFT Hospitals at $40-mn valuation
Nova IVF Fertility, a Bengaluru-headquartered fertility services chain, has acquired a majority stake in CRAFT Hospitals, one of Kerala’s leading fertility centres, in a deal valuing the company at about $40 million...
Kedaara Capital gears up to sell Universal NutriScience for Rs 3,000 crore
Kedaara Capital, the homegrown private equity firm with about $5.5 billion in assets under management, along with other investors, is preparing to sell Universal NutriScience (UNS), one of India’s fast-growing...
Arvind SmartSpaces acquires residential project in Whitefield, Bengaluru
Arvind SmartSpaces announced that it has acquired a new residential high-rise project in Whitefield, Bengaluru with a total estimated saleable area of ~2.5 lakh sq. ft. and a top-line potential of ~Rs. 330 crore. The...
Reliance Retail Limited acquires beauty and wellness brand ‘Pahadi Local’
Reliance Retail Limited, India’s largest retailer, on Monday, announced that it has completed the acquisition of the brand ‘Pahadi Local’ along with the business from Pahadi Goodness Private Limited...
ICICI Prudential AIF acquires Pune IT park asset to expand yield-focused office portfolio
An alternative investment fund managed by ICICI Prudential Asset Management Company has acquired a grade-A office asset in Pune, expanding its strategy of building a portfolio of income-generating commercial real estate...
MakeMyTrip acquires majority stake in leading regional tour operator Flamingo Transworld
MakeMyTrip said on Thursday that it has entered into an agreement to acquire a majority stake in regional tour operator Flamingo Transworld. The company said over the last 30 years of its operations, Flamingo has...
