A consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures and a Blackstone fund has acquired Royal Challengers Bengaluru (RCB) for $1.78 billion, setting surging valuation benchmarks for T20...
National News
NCLAT declines Vedanta’s plea to stay Adani Group’s bid to acquire JAL
The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to grant an interim stay on Vedanta Group’s plea challenging the National Company Law Tribunal (NCLT)’s decision to approve Adani...
Kajaria Ceramics acquires balance 10% stake in Kajaria Surfaces
Kajaria Ceramics has acquired 9,50,000 (i.e. 10%) equity shares of Kajaria Surfaces. Consequently, Kajaria Surfaces has become a wholly-owned subsidiary of the Company. The purpose of the acquisition was to make Kajaria...
AMG Media Networks completes acquisition of IANS India
AMG Media Networks, a wholly owned subsidiary of Adani Enterprises, has completed the acquisition of the balance stake in IANS India [24% Category I shares (with voting rights) and 0.74% Category II shares (without...
Reliance Jio in talks with investors to sell 8% of individual stakes in IPO, sources say
Indian billionaire Mukesh Ambani’s Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8% of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI company, sources...
Svatantra Microfin acquires Chaitanya India Fin; becomes 2nd largest NBFC-MFI
Svatantra Microfin Pvt Ltd on Monday announced that it has completed its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd following NCLT approval. The approval for the amalgamation...
NCLAT adjourns hearing on Vedanta petition to Tuesday, asks to implead Adani as party
The insolvency appellate tribunal NCLAT on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash...
Hindustan Foods to acquire Ultra Beauty Care unit for ₹19.9 crore
FMCG contract manufacturer Hindustan Foods Ltd on Monday announced the acquisition of the ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for ₹19.9 crore. The...
SEPC jumps 7% as board clears acquiring 90% stake in Avenir International
SEPC shares jumped 7 per cent in trade on the BSE, logging an intra-day high at ₹4.98 per share. At 9:58 AM, SEPC’s share price was trading 5.16 per cent higher at ₹4.89 per share. In comparison, the BSE Sensex was up 1...
PGCIL board nod to new merger plan for 28 subsidiaries
The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into two other group entities...
Ecolab to acquire AI data center cooling tech firm for $5 billion
Water solutions company Ecolab said on Friday it has agreed to acquire CoolIT Systems, a liquid cooling technology provider for AI data centers, from KKR for $4.75 billion in cash. The global appetite for data...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
