The Competition Commission of India (CCI) said it has cleared the proposed acquisition of a 100% stake in an arm of GVK Energy by Punjab State Power Corporation Ltd (PSPCL). The anti-trust regulator said PSPCL, a fully...
Ansa Folding Carton acquires stake in Rich Printers for Rs 117 cr
Ansa Folding Carton (AFC) has acquired a strategic stake in Rich Printers Private Limited (RPL) at value of Rs 117 crore. With this acquisition, the combined entity will now operate five paper conversion manufacturing...
Air India Express taps NCLT doors for final nod to its merger plans with AIX
In a strategic move for the coming year, Tata Group is progressing towards the consolidation of its four airlines. According to a TOI report, Air India Express has initiated the ‘second motion’ for a final...
Bharti Airtel Services to acquire 97.1% stake in Beetel Teletech
Bharti Airtel Services, a wholly-owned subsidiary of Bharti Airtel, has entered into an agreement for the acquisition of 49.45 lakh shares or 97.1 per cent stake in Beetel Teletech, another Bharti Group company...
Sterlite Power acquires Neemrana II Kotputli Transmission
Sterlite Power said it has acquired Neemrana II Kotputli Transmission in Rajasthan from PFC Consulting. The project, a special purpose vehicle, was awarded to Sterlite Power through the Tariff-Based Competitive Bidding...
Tata Power acquires 100% stake in Bikaner SPV
Tata Power Company on Thursday said it has acquired a 100% equity stake in Bikaner III Neemrana II Transmission, a special purpose vehicle (SPV) meant for the project. The acquisition process was completed on December...
Tata Coffee, Tata Consumer Products merger to be effective from January 1
The scheme of arrangement between Tata Coffee Ltd (TCL), Tata Consumer Products Ltd (TCPL) and its wholly owned subsidiary TCPL Beverages and Foods Ltd (TBFL) will be effective from January 1, 2024. The scheme involves...
ChrysCapital eyes stake in Delhi’s Centre for Sight eye hospital
Private equity (PE) fund ChrysCapital is in final discussions to acquire a significant minority stake in New Delhi’s Centre For Sight, valuing the eye hospitals chain at Rs 1,600 crore, said people aware of the...
PCBL gets CCI approval to acquire Aquapharm Chemicals
Anti-trust regulator CCI has approved speciality chemicals major PCBL Ltd’s proposed acquisition of a 100 per cent stake in Aquapharm Chemicals, according to a notice. The Competition Commission of India (CCI) has...
CLEAR Premium Water to acquire majority stake in KELZAI Volcanic Water
Package water company, CLEAR Premium Water, has announced that it has undertaken to acquire a majority stake in KELZAI Volcanic Water, known for its distinctive natural mineral water sourced from volcanic springs...
RBI approves IDFC-IDFC First Bank merger
Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidiary IDFC First Bank. The boards of IDFC First Bank and IDFC have approved the reverse merger in July. “…...
CCI clears stake acquisition deal in Reliance Capital by IndusInd bank
Fair trade regulator Competition Commission of India said it has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. Reliance...
