The Piramal Group, which owns a non-bank financier, is weighing acquisitions to enter the banking space and may look at public sector banks (PSBs) that the government puts on the block, group chairman Ajay Piramal said...
StrideOne acquires ‘strategic’ stake in MoEVing, enters EV financing
StrideOne Capital Pvt. Ltd on Friday said it has acquired a strategic stake in MoEVing Urban Technologies Ltd, the operator of electric vehicle tech startup MoEVing. The deal will help StrideOne, the non-banking...
UltraTech to buy Kesoram’s cement unit
Aditya Birla Group’s UltraTech will acquire the cement business of the BK Birla Group’s Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt...
Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr
BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are...
JSW Group to acquire 35% stake in MG Motor India
Sajjan Jindal-promoted JSW Group inked an agreement with China’s SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. As per the agreement reached...
Govt invites fresh bids from asset valuers of IDBI Bank
The government on Wednesday issued a fresh RFP for the appointment of asset valuer for strategic sale-bound IDBI Bank. The last date for submitting bids by asset valuer is January 5, the Department of Investment and...
UltraTech Cement acquires cement grinding assets of Burnpur Cement for Rs 169.79 cr
Aditya Birla group firm UltraTech Cement Ltd said it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore. The company has acquired 0.54 mtpa cement grinding assets of Burnpur...
NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service
The bankruptcy court in Mumbai has rejected an application filed against Indamer Mjets Airport Service Pvt Ltd to admit the company under the Corporate Insolvency Resolution Process (CIRP). New Delhi-based Dezire Group...
PCBL to acquire Aquapharm Chemicals for Rs 3,800 crore
Philips Carbon Black (PCBL) approved the acquisition of Aquapharm Chemicals Private Limited for an aggregate of Rs 3,800 crore, the company said in an exchanges filing. “In furtherance of such approval, the...
Reliance Retail and Naturals Salon call off deal talks
Reliance Retail and Naturals Salon & Spa have called off their acquisition talks on differences in valuation of the latter, executives aware of the development said. Reliance Retail had been in advanced negotiations...
Hinduja Tech in Talks with PE Funds for Minority Stake Sale
Hinduja Tech (HTL), the digital technology arm of multi-billion conglomerate Hinduja Group, plans to sell a minority stake in the company and is engaged in early talks with private equity funds, said multiple people...
LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance
State-owned LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance. Along with the government, Life Insurance Corporation (LIC) will also...
