EPC company Salasar Techno Engineering Ltd (STEL) on Saturday said its board has a proposal to merge Hill View Infrabuild Ltd with itself. A decision in this regard was taken at a board meeting of the company on...
Zee-Sony Merger: Fate on creation of $10 bn media giant likely to be decided today
Sony Group Corp has called for a board meeting on Friday, where it’s expected to take a call on the $10-billion merger of its India operations with Zee Entertainment Enterprises, said people with knowledge of the matter...
Haldiram in talks to acquire majority stake in rival Prataap Snacks
Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct...
NCLT defers SpiceJet-Celestial hearing amid settlement talks
The National Company Law Tribunal deferred hearing a case involving low-cost carrier SpiceJet and aircraft lessor Celestial Aviation Services Ltd on Thursday after the two sides informed the court that they were in...
DMI Group acquires ZestMoney in a fire sale
Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney in a fire sale. The deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking...
Govt to sell 2.5% stake in NHPC via OFS; floor price set at Rs 66/share
The government has proposed to sell a partial stake in renewable energy major NHPC Ltd through an offer for sale on Thursday and Friday. The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC...
Minda Corp exits Pricol with 15% stake sale, rakes in Rs 260 crore profit
After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% stake through the open market. Minda Corp sold 1,91,22,458 shares of Pricol at an...
Jindal Power bids higher than Adani company for Lanco Amarkantak Power
Naveen Jindal-promoted Jindal Power (JPL) gave a ₹4,203-crore, all-cash offer for acquiring Lanco Amarkantak Power, topping Adani Power’s ₹4,100 crore offer, said people with knowledge of the matter. Last week...
Adani Group raises stake in news agency IANS
The media arm of India’s Adani Group said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth Rs 5 crore ($601,801). AMG Media Networks, a unit of Indian billionaire...
CCI clears amalgamation involving Shriram Group entities
Fair trade regulator CCI cleared the proposed combination involving the merger of various entities of the Shriram Group. The proposed combination relates to the amalgamation of Shriram GI Holdings Pvt Ltd with Shriram...
KKR’s road InvIT to acquire 12 assets from PNC infratech
Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
CCI clears SSI’s stake buy in Manipal Health Enterprises
Fair trade regulator Competition Commission of India (CCI) cleared Seventy Second Investment Company’s proposed stake acquisition in Manipal Health Enterprises. The deal has been approved under the green channel...
