Birla Fertility & IVF, a part of C K Birla Group, on Wednesday said it has forayed into the South Indian market with the acquisition of ARMC IVF Fertility Centre for an undisclosed amount. Currently, Birla Fertility...
Board of Mercury EV-Tech approves acquisition of majority stake in Traclaxx Tractors
The Board of Directors of Mercury EV-Tech at its held on 08 May 2024 approved the acquisition of 65% stake in Traclaxx Tractors, equivalent to 5,23,900 equity shares of Rs. 10 each at a price of Rs. 10 each, total...
Board of Datamatics Global Services approves acquisition of balance stake in JVC
The Board of Datamatics Global Services at its meeting held on 08 May 2024 has approved to acquire balance 23% stake in Datamatics Cloud Solution from CloudGrowth. On completion of the acquisition, the JVC will become...
After Aditya Birla, Piramal to merge with private arm
After the Aditya Birla group, it’s now Piramal’s turn. Piramal Enterprises Ltd has decided to merge with its unlisted subsidiary Piramal Capital and Housing Finance Ltd, becoming the second financial institution to...
Greenko Energies gets CCI nod to acquire additional stake in Sikkim Urja
The Competition Commission of India (CCI) on Tuesday said it has cleared Greenko Energies’ proposed acquisition of an additional stake in Sikkim Urja (formerly Teesta Urja Ltd). Greenko Energies Pvt Ltd (GEPL) is...
NCLT asks SpiceJet to file reply to Aircastle’s petition in 15 days
National Company Law Tribunal (NCLT) Tuesday directed carrier SpiceJet to submit its reply within 15 days to Aircastle (Ireland’s) Limited insolvency petition. The tribunal will now examine if the power of...
KSK Mahanadi to NCLT: Change of circumstances calls for fresh bidding
KSK Mahanadi Power Company through its Resolution Professional’s (RP) counsel informed NCLT, Hyderabad, on Monday, that a change of circumstances warrants a fresh invitation of bids under the corporate insolvency...
Raymond’s board approves demerger of engineering biz for its foray into aerospace, defence, EV
The boards of various businesses of Raymond have given their nod for demerger of their engineering business to enable the company’s and newly acquired Maini Precision Product’s foray into certain sunrise...
IndusInd promoter company to raise stake in bank to 26%
The Hinduja Group will raise its stake in IndusInd Bank from 16% to 26% in multiple tranches even as its promoter company IndusInd International Holding is working on a plan to list on Mauritius-based stock exchange...
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share
Coforge’s board of directors have approved the acquisition of a 54% stake in Cigniti Technologies at a per share price of Rs 1,415, the company on Thursday said in its filing to the exchanges. The acquisition...
Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects
Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a...
Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore
Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible...
