Continuum Green Energy Holdings would acquire the remaining 26% stake held by Clean Energy Investing (CEIL), an investment vehicle backed by Morgan Stanley Infrastructure Partners, marking the US investor’s exit...
Delphi World Money acquires stake, management control in Ebix Travels
Delphi World Money on Wednesday announced that it had acquired a substantial equity stake, along with management control, in Ebix Travels, an online travel services firm within the Ebix Group, according to a joint...
Refex Industries shares soar 17% after board approves green mobility business demerger scheme
Shares of Refex Industries surged 17.3% in Tuesday’s trade after the company announced that its Board of Directors had approved a composite scheme of amalgamation and arrangement aimed at unlocking the potential of its...
IHCL acquires shares in subsidiary for over Rs 100 cr
Indian Hotels Company Limited (IHCL) on Tuesday said it has invested over Rs 100 crore to acquire more than 2 lakh shares of its wholly-owned subsidiary ELEL Hotels and Investment Limited via rights issue. ELEL Hotels...
Swiggy shares in focus after Rs 2,399 crore stake sale in Rapido, Instamart slump sale
Shares of online food delivery platform Swiggy will be in focus on Wednesday after its Board of Directors approved three major transactions on September 23. These include the divestment of its stake in bike taxi...
Competition Commission clears Apollo Hospital’s group entities restructuring plan
Fair trade regulator CCI on Tuesday approved a multi-layered restructuring plan involving Apollo Hospital’s group entities Apollo Healthco and Keimed, and a wholly-owned subsidiary Apollo Healthtech Ltd. The move...
Torrent Power picks up stakes in Newzone India, its holding firm for Rs 211 crore
Torrent Power on Tuesday said it has acquired stakes in Newzone India Pvt Ltd and its holding company Newzone Power Projects Pvt Ltd for around Rs 211 crore. Newzone Power Projects Pvt Ltd (NZPPPL) is the holding...
Govt plans minority stake sales in nearly 6 state firms: Divestment secy
The Indian government is planning to sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told television channel CNBC-TV18 on Monday. Chawla did not disclose which...
Waaree Energies to pick up 76% in smart electric meters company Racemosa for Rs 53 crore
Solar PV module maker Waaree Energies on Friday said it will acquire a 76% stake in Racemosa Energy India for ₹53 crore. Founded in 2018, Racemosa Energy India is a Maharashtra-based manufacturer of smart electric...
Piramal Enterprises sets record date for merger; shareholders to get Piramal Finance shares
Piramal Enterprises (PEL) has announced September 23 as the record date for its merger with Piramal Finance (PFL). From this date, trading in PEL securities will cease, and shareholders listed in the company’s register...
NBFC Dhruva Capital announces merger with microlender Vector Finance
Non-banking financial company Dhruva Capital Services Ltd on Friday announced its strategic merger with Vector Finance, marking its entry into the microfinance business. The merger, approved by its board, will be...
NTPC looks to acquire uranium assets overseas to ensure fuel for future nuclear projects
Home-grown power giant NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official...
