The IL&FS Group is seeking judicial intervention to restrain banks from declaring it a “wilful defaulter” and taking action against the members of its board that took control of the infrastructure...
Number of M&A deals in India falls 10% to 793 in 2023, says PwC report
The number of merger and acquisition (M&A) deals during 2023 dropped by 10 per cent on an annual basis to 793, said a PwC India report on Sunday. However, the total disclosed deal value for M&A declined much...
IndiGrid acquires 300 MW solar power plant for Rs 1,550 cr
Infrastructure investment trust IndiaGrid said it has completed the acquisition of 300 MW solar project at an enterprise value of Rs 1,550 crore. With this asset addition, IndiGrid’s portfolio now consists of 19...
Mahindra Holidays in talks with several states for building, acquiring resorts
Mahindra Holidays & Resorts has entered into an agreement with the Andhra Pradesh government for investing Rs 500 crore in the state and is in talks with the governments in Rajasthan, Gujarat, Tamil Nadu and Jammu...
One Point One Solutions acquires ITCube Solutions for Rs 84 crore
One Point One Solutions, a Navi Mumbai-based business process management service provider, marked its overseas foray by announcing its first acquisition of smaller IT-enabled services firm ITCube Solutions for Rs 84...
Bajaj Auto enhances stake in Yulu Bikes with Rs 45.75 cr investment
Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in the electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company’s shareholding in Yulu Bikes stands at 18.8 per...
Prataap Snacks issues clarification: Yellow Diamond parent ‘not in negotiations’ with ITC for 47% stake sale
Prataap Snacks on Thursday rejected media reports that ITC is planning to buy a 47% stake in the company. The Yellow Diamond parent firm issued a clarification in which it said that it is not in any negotiations with...
ITC may munch on Peak XV’s 47% stake in Prataap Snacks; PE funds tapped too
ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram’s...
Digital banking infra provider Signzy acquires Difenz at $5 million valuation
Digital banking infrastructure provider Signzy has acquired Bengaluru-based Difenz, a fraud risk management solutions provider, in a cash-and-equity deal at a valuation of $5 million. Founded in 2020 by Madhu Srinivas...
Kilburn Engineering acquires turnkey solutions provider M E Energy
Kilburn Engineering announced on Wednesday the completion of its acquisition of M E Energy Private Limited, which specialises in waste heat recovery and waste heat reutilisation systems. The acquisition, effective...
Nirma issues bonds to fund Glenmark Life Sciences acquisition: Bankers
India’s Nirma has accepted bids aggregating to 35 billion rupees ($422 million) for a three-part shorter-tenor bonds to fund its acquisition of a 75% stake in Glenmark Pharma’s life sciences unit, three...
NCLT allows Tata Steel to withdraw merger with TRF
The NCLT has approved Tata Steel’s proposal to withdraw merger with TRF Ltd, according to an exchange filing. On February 7, Tata Steel said that its board has decided not to pursue the amalgamation of TRF Ltd, as...
