The Competition Commission of India said Tuesday it has approved Tata Steel Ltd’s proposed acquisition of sole control in Tata BlueScope Steel Pvt Ltd by purchasing the remaining 50% equity shareholding currently...
Adani’s Ambuja Cements approves merger of ACC and Orient Cement; to create pan-India cement giant
Ambuja Cements Ltd, part of the Adani Group, on Monday said its board has approved separate schemes of amalgamation to merge ACC Ltd and Orient Cement Ltd into Ambuja, a move aimed at creating a single, consolidated...
UK Paints to acquire additional 14.48 pc stake in Berger Paints via internal restructuring
UK Paints (India) Private Limited, a key member of the promoter group of Berger Paints India Limited, has informed that it will acquire a 14.48 per cent stake in the paint major through an internal restructuring. The...
Inox Clean Energy acquires Macquarie’s Vibrant Energy
Inox Clean Energy Limited has acquired Vibrant Energy, a Macquarie-owned renewable energy independent power producer (RE IPP), Inox said on Sunday. The deal has valued Vibrant at $200 million (equity), said sources...
NCLT clears merger of Amazon marketplace with logistics arm
The National Company Law Tribunal (NCLT) has allowed the merger of Amazon Transportation Services (ATSPL) with Amazon Seller Services (ASSPL), paving the way for the local arms of the US-based ecommerce firm to...
Motilal Oswal Alternates picks minority stake in Sensa Core for $72 mn
Motilal Oswal Alternates has acquired a significant minority stake in medical diagnostic equipment manufacturer Sensa Core for $72 million, the companies announced in a statement on Monday. The investment will enable...
Inox to acquire Macquarie-owned renewable platform Vibrant
Inox Green Energy, part of Inox Group, will acquire Vibrant Energy, Indian renewable energy platform owned by Infrastructure investor Macquarie Asset Management, said people aware of the development. Vibrant will be...
Fortis to acquire Bengaluru’s People Tree Hospitals for Rs 430 crore
Fortis Healthcare Limited will acquire TMI Healthcare Private Limited, which runs People Tree Hospitals, a leading multispecialty hospital located in Yeshwanthpur, Bengaluru, for Rs 430 crore, the company said on...
Flipkart acquires majority stake in Minivet as part of its AI push
Ecommerce major Flipkart has acquired a majority stake in artificial intelligence and machine learning solutions startup Minivet AI, the company announced on Friday. Founded in 2024, Minivet’s generative video services...
Piramal Finance to exit Shriram Life Insurance Company
Piramal Finance is selling its entire 14.72% stake in Shriram Life Insurance Company to Sanlam Emerging Markets (Mauritius) for ₹600 crore, valuing the insurer at around ₹4,000 crore. The move is part of Piramal’s...
Edtech Physicswallah acquires additional stake in Xylem Learning
Edtech firm PhysicsWallah on Thursday said it has invested an additional Rs 122.9 crore to raise its stake in subsidiary Xylem Learning to 77.27% from 64.98%. The deal is part of a shareholder agreement of June 2023...
India to revamp M&A rules to protect retail investors, expedite deals
India’s Securities and Exchange Board (SEBI) plans to amend its merger and acquisition rules, including barring acquiring companies from offering higher prices or additional compensation to major shareholders...
