Shares of One 97 Communications, parent of Paytm was locked in a 5 percent upper circuit at ₹359.55 in morning deals on Wednesday after the company clarified that Vijay Shekhar Sharma is not in talks with Gautam Adani...
ITC hotel demerger plan gets competition watchdog’s approval
The Competition Commission of India (CCI) approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity...
Bharti AXA-SBI Life sale talks collapse, PEs may throw in hat
Telecom major Bharti Group’s talks with SBI Life Insurance to sell its life insurance venture is said to have collapsed due to disagreements over valuations, delaying the Mittal family’s planned exit from...
Adani’s fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm’s p
Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm’s parent company One97 Communications, reported The Times of India quoting sources familiar with the matter. As per the report...
NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate
Insolvency Appellate Tribunal NCLAT has upheld orders approving Adani Goodhomes’ resolution plan for realty firm Radius Estate with a 93 per cent haircut for creditors. A two-member bench comprising the NCLAT...
PNB Housing Finance likely to see stake sale worth Rs 500 crore via block deal: Report
PNB Housing Finance could see a block deal worth Rs 500 crore in the coming days with information on the sellers of the stake not disclosed yet. The block deal is expected for the sale of 69.6 lakh shares of the company...
KITES Senior Care and Columbia Pacific Communites set to merge for one of India’s largest senior living firms
Senior living firm Columbia PacificCommunites is being merged with Ranjan Pai-backed Kites Senior Care. The merger of KITES Senior Living and Columbia Pacific India arm would create one of the largest senior living...
Viacom18, Star India move CCI for merger approval
Reliance Industries Ltd (RIL) owned Viacom18 and Walt Disney’s Star India have filed a combination notice with the Competition Commission of India (CCI) seeking approval for their merger deal, following the National...
Honasa Consumer acquires cosmetic formulation brand CosmoGenesis
Honasa Consumer, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it has acquired cosmetic formulation maker CosmoGenesis Labs for an undisclosed amount. This acquisition will help the company, which...
ChrysCapital sets sights on pharma buyout deals
Homegrown private equity firm ChrysCapital is looking to acquire domestic companies in the formulation business in the range of $200 million-$500 million. Along with partners, deal sizes can potentially reach $1.5...
LIC thinking of diving into health insurance pool, eyeing acquisitions
The government-owned Life Insurance Corporation (LIC) is contemplating a foray into the health insurance sector and is currently assessing potential acquisition prospects, reported The Times of India quoting LIC...
Satin Creditcare Network raises Rs 332 crore from Dutch development bank
Microfinance lender Satin Creditcare Network has raised Rs 332 crore from Dutch Entrepreneurial Development Bank FMO as it looks to continue the growth momentum it achieved last fiscal. The funds are mobilised through...
