Financial technology and digital payment services provider Infibeam Avenues has acquired an entire ground plus 10-storey commercial tower, which was being developed by textile manufacturer Sintex Group as its...
Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd
Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
Coca-Cola’s bottling arm in talks to sell some units
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, is in the final stages of negotiations to sell some of its largest bottling facilities in the north, northeast and parts of west to three independent...
IKS Health acquires healthtech provider AQuity in a deal worth $200 million
IKS Health, Mumbai-based health tech provider said it has acquired AQuity Solutions, a leading provider of tech-enabled clinical documentation, medical coding, and revenue integrity solutions for a deal size of $200...
Butterfly’s merger with parent Crompton Greaves fails to gain nod
The public disapproval pushed shares of Butterfly Gandhimathi by 7% before they closed at ₹1085.4 apiece on the NSE. Shares of Crompton Greaves too closed marginally lower at ₹282 apiece. Despite holding a 75% stake in...
Zee-Sony merger: NCLAT transfers all cases to bench led by chairperson
The National Company Law Appellate Tribunal (NCLAT) transferred pleas filed by Axis Finance and IDBI Bank challenging the Zee-Sony merger to the bench of the chairperson, Ashok Bhushan. NCLAT’s move comes as the...
Lenskart acquires AI-powered video analytics startup Tango Eye
Hopping on to the AI (artificial intelligence) bandwagon, omnichannel eyewear retailer Lenskart announced it will acquire Tango Eye, an AI-based computer vision startup. The Chennai-based startup already counts Lenskart...
Zee, Sony merger energised as SAT lifts ban on Punit Goenka
The Securities Appellate Tribunal (SAT) overturned a regulatory ban on Punit Goenka, managing director and chief executive of Zee Entertainment Enterprises, that prevented him from holding a directorship or top...
NCLT admits plea against Ansal Properties unit Serene Residency
The bankruptcy court in New Delhi has admitted the Serene Residency Group Housing Project at Sector ETA II after it defaulted on its dues of about ₹ 257 crore. The company is a subsidiary of listed real estate firm...
AU Small Finance Bank to acquire Fincare Small Finance Bank in share deal
AU Small Finance Bank is all set to acquire Fincare Small Finance Bank in an all share deal and merge it with itself, subject to regulatory approvals. As per the agreement between the two, shareholders of Fincare Small...
GST body probes Godrej’s ₹2,825 crore acquisition of Raymond’s consumer goods business
The Directorate General of GST Intelligence (DGGI) is probing a recent deal in which Raymond sold its consumer goods business to a Godrej unit, sources aware of the matter told ET. The sources cited said the GST...
Radio Mirchi, Orange in race to acquire Big FM
Leading FM Radio network Radio Mirchi, a part of Entertainment Network India Limited (ENIL) and Radio Orange have bid Rs 251 crore to acquire BIG FM Radio network, sources said. Haryana-based Sapphire FM is the other...
