Through its wholly-owned subsidiary – Sobha Developers (Pune) Sobha Developers (Pune), a wholly owned subsidiary of Sobha has entered into a Share Purchase Agreement (SPA) today on 02 April 2024, with BNB Builders...
Board of Aeroflex Industries approves acquisition of Hyd-Air Engineering
At meeting held on 02 April 2024 The Board of Directors of Aeroflex Industries at its meeting held today i.e. 02 April 2024 has approved to acquire 100% of the issued and paid-up share capital of Hyd-Air Engineering...
Fincare merges with AU Small Finance Bank
AU Small Finance Bank (AU SFB) on Monday amalgamated Fincare Small Finance Bank (Fincare SFB), marking the first such consolidation in the sector. In an all-stock merger deal first announced on October 29, 2023, where...
NCLAT rejects homebuyers’ plea for insolvency against Ansal Hi-tech Township
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida. The appellate...
ABFRL proposes demerger of Madura Fashion into separate listed entity
Aditya Birla Fashion and Retail Ltd (ABFRL) is evaluating a vertical demerger of the Madura Fashion & Lifestyle business from itself into a separate listed entity, the company said in an exchange filing on Monday...
HDFC Bank proposes to sell its subsidiary HDFC Education
HDFC Bank has decided to sell its 100 per cent stake in HDFC Education and Development Services Private Ltd. The transaction will be undertaken through the Swiss challenge method, HDFC Bank said in a regulatory filing...
EDF plans partial sale of India clean energy assets
French energy company Electricite de France SA (EDF) plans to partially divest its clean energy assets in India as part of efforts to pare its debt of more than $50 billion, said multiple people aware of the development...
Best Agrolife acquires 100 pc stake in Sudarshan Farm Chemicals for Rs 139 crore
Agrochemicals maker Best Agrolife Ltd (BAL) on Friday announced the acquisition of a 100 per cent stake in Sudarshan Farm Chemicals India Pvt Ltd (SFCL) for Rs 139 crores. The acquisition will enable BAL to leverage...
Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for
Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. The Mukesh...
LatentView Analytics to acquire 70% of Decision Point for $39 million
Digital analytics consulting and solutions firm LatentView Analytics on Thursday said it will acquire 70% of Decision Point’s outstanding equity capital for $39.1 million. It added that the remaining 30% equity is to be...
Kotak Bank acquires Sonata Finance for Rs 537 cr
Kotak Mahindra Bank on Thursday said it has acquired NBFC Sonata Finance Pvt Ltd for Rs 537 crore. Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs 2,620...
PTC India gets shareholders’ nod to divest 100% stake in energy arm
Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As...
