State Bank of India (SBI) said it will acquire SBI CAPS subsidiary for Rs 708.07 crore. SBI plans to acquire 100 per cent of SBICAPS Venture Ltd (SVL) for which all regulatory approvals are in place, the bank said in a...
Thermax to acquire TSA Process Equipments
Thermax Ltd on Tuesday said it has signed an agreement with TSA Process Equipments to acquire 100 per cent stake in the company in multiple tranches. The company also announced the acquisition of 51 per cent of the...
Smaaash Entertainment RP gets 11 takeover bids
The resolution professional (RP) for Sachin Tendulkar-backed sports entertainment company Smaaash Entertainment (SEPL) has received 11 expressions of interest (EoIs) to take over the company in response to a process...
Cred acquires Kuvera, enters wealth-management space
Fintech unicorn Cred said it will acquire online wealth-management platform Kuvera in a cash-and deal to enter the wealth-management space. The size of the deal was not disclosed. “Kuvera is extremely popular...
Woodside Energy, Santos scrap talks on $52 bln merger
Australia’s Woodside Energy and Santos said they had ended talks to create a possible A$80 billion ($52 billion) global oil and gas giant, and Santos flagged it would look for other ways to bolster its value...
NCLT issues notice on Zee’s plea seeking implementation of Sony merger
The National Company Law Tribunal’s Mumbai bench has issued a notice on Zee Entertainment’s plea seeking the implementation of merger with Sony Pictures’ India arm. The tribunal will take up the case...
RBI grants nod to HDFC Bank entities to acquire up to 9.5% stake in Yes Bank, IndusInd Bank and four other
The RBI has granted HDFC Bank’s entities approval to acquire aggregate holding of up to 9.5 per cent in six banks including Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank and IndusInd...
Paytm denies speculations on Jio Financial’s acquisition of Paytm Wallet
In response to recent speculations surrounding the potential acquisition of Paytm Wallet by Jio Financial, Paytm has refuted these claims. The company, in an official release, stated that the news item suggesting such...
Strata acquires Bengaluru’s Iconic Café Coffee Day headquarters
Strata, one of India’s largest commercial real estate investment platform, has acquired the 11-storey tower Cafe Coffee Day Square at Bengaluru’s premium Vittal Mallya Road for over Rs 150 crore. The Cafe Coffee Day...
CapitaLand India Trust to Acquire three industrial facilities at OneHub Chennai, India
CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities with a total net leasable area of 0.79 million sq ft at OneHub Chennai, India...
S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr
S P Apparels Ltd (SPAL), a leading apparel manufacturer and exporter, has signed a definitive agreement to acquire Young Brand Apparel Private Limited (YBAPL), a subsidiary of Bannari Amman Spinning Mills, for a value...
NCLT admits Vadraj Cement for insolvency process
Vadraj Cement, which was stuck in liquidation for more than five years under the Bombay High Court, has been shifted to the National Company Law Tribunal (NCLT) for debt resolution, giving lenders a glimmer of hope to...
