Jindal Stainless Limited (JSL) said its board of directors has approved the acquisition of Rabirun Vinimay Private Ltd which is under liquidation. The cost of the acquisition is Rs 96 crore, JSL said in a regulatory...
Vijaya Diagnostic to acquire PH Diagnostic for Rs 134.65 crore
Vijaya Diagnostic Centre Ltd said it will fully acquire Pune-based PH Diagnostic Centre Pvt Ltd for a cash consideration of Rs 134.65 crore. The board of directors at their meeting held on Tuesday have considered and...
SpiceJet confirms interest to acquire bankrupt airline Go First
Cash strapped airline SpiceJet has expressed interest with the Resolution Professional (RP) of Go First and confirmed that it wishes to submit an offer post diligence, the company said on Tuesday. In an exchange filing...
Punjab Utility set to buy GVK power plant
Punjab State Power Corp is set to acquire GVK Power (Goindwal Sahib) by offering ₹1,400 crore to lenders, people aware of the development told ET, marking the first such takeover of a private electricity generator by a...
BHIVE Group acquires product engineering firm Praemenio
BHIVE Workspace has strengthen its technology platform with its first acquire of a product-engineering firm Praemenio to support its fast-growing coworking and fintech businesses. The transaction comprises a composite...
India’s Adani group to acquire controlling stake news agency IANS
Adani Enterprises, Indian billionaire Gautam Adani’s flagship firm, said on Saturday it had acquired a majority stake in news agency Indo-Asian News Service or IANS as the conglomerate tries to consolidate its...
Edelweiss Financial to sell stake in unit for up to $240 million
India’s Edelweiss Financial Services said it has started the process of selling equity in its alternative asset management unit and plans to raise about 15 billion to 20 billion rupees ($180.69 million-$240.93...
Biocon weighs sale of $1.5 billion generic API business
Biocon is evaluating a plan to sell its generic active pharmaceutical ingredient (API) business – estimated to be worth $1.5 billion – to reduce its overall debt, though it is yet to take any concrete...
Infibeam Avenues acquires 49% stake in capital markets software provider Pirimid Fintech
Payments solution provider Infibeam Avenues said it has acquired a 49% stake in capital markets financial software provider Pirimid Fintech for Rs 25.1 crore. With the stake acquisition, Infibeam is looking to integrate...
Multiples PE-backed Zenex acquires Dabur promoter Pradeep Burman’s Ayurvet
Zenex, India’s leading animal health company backed by private equity firm Multiples PE on Thursday said it has acquired Ayurvet – a company founded by Pradip Burman of Dabur India’s promoter family...
Cipla invests Rs 42 crore in digital tech firm GoApptiv
Cipla said it has agreed to further invest Rs. 42 crore in digital tech company GoApptiv. With the completion of this deal, Cipla’s total stake in GoApptiv will increase to 22.99% on a fully diluted basis. This is...
Adani Port to divest of 49% stake in Adani Ennore Container Terminal for ₹247 crore
Adani Ports is set to divest 49 percent of its stake in Adani Ennore Container Terminal (AECTPL) for a total consideration of ₹247 crore, the company informed the exchanges. “The company has entered into a Share...
