Realty services company TCC Concept said on Friday that it has signed a term sheet to acquire up to 100% stake in omnichannel furniture and home goods platform Pepperfry, according to a stock exchange filing. The Pune...
Peerless to exit insurance distribution, focuses on expanding hospital biz
The Peerless Group, once a household name in financial savings, has decided to sell its financial product distribution subsidiary, while it is expanding its footprint in the healthcare sector. The group has identified a...
NCLT approves Gayatri Projects’ settlement plan from promoters
The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved a ₹2,400 crore one-time settlement plan (OTS) by promoters of the engineering, procurement and construction company Gayatri Projects, pushing...
JSW Neo buys Statkraft hydro power unit in Himachal for ₹ 1,727 cr
JSW Neo Energy has acquired Statkraft’s hydro power unit in Himachal Pradesh for an enterprise value of ₹1,727 crore, according to a stock exchange disclosure on Thursday. ET had first reported in its Wednesday...
Dixon Technologies shares in focus on Rs 553 crore acquisition for 51% stake in Q Tech Microelectronics
Shares of Dixon Technologies (India) Ltd are likely to be in focus on Thursday after the company announced a Rs 552.99 crore deal to acquire a 51% majority stake in Kunshan Q Tech Microelectronics (India) Pvt Ltd. In a...
PayU raises stake in Mindgate to 70% as valuation hits $300 million
Digital payments major PayU has acquired an additional 27% in Mindgate Solutions, increasing its stake in the Mumbai-based payment processing company to a majority 70%. The acquisition valued Mindgate at around $300...
Metropolis Healthcare acquires Kolhapur-based pathlab chain for ₹17 crore
Mumbai-headquartered diagnostics player Metropolis Healthcare on Thursday announced that it has acquired Kolhapur-based Ambika Pathology Laboratory for a total consideration of Rs 17 crore. The consideration includes a...
JSW Neo frontrunner to acquire Statkraft’s HP hydro power unit
JSW Neo Energy has emerged the frontrunner to buy Statkraft’s Himachal Pradesh hydro power unit that houses a project on the Tidong tributary of the Sutlej River, said sources familiar with the matter. Its offer...
NCLT defers final hearing on Vedanta demerger to Oct 8
The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to October 8, as the Ministry of Petroleum and Natural Gas objected to the scheme, citing a lack...
IL&FS to exit Roadstar Infra Investment Trust in debt clean-up
Bankrupt infrastructure conglomerate IL&FS Group is preparing to sell its entire residual stake in Roadstar Infra Investment Trust (InvIT) as part of its protracted debt resolution plans, said people familiar with...
Piramal Enterprises rises 4% as NCLT approves merger of its subsidiary
Piramal Enterprises shares rose 3.6 per cent on Wednesday, logging an intra-day high at ₹1,185 per share on BSE. At 11:37 AM, Piramal Enterprises’ share price was trading 3.6 per cent higher at ₹1,185 per share on BSE...
Craftsman Automation acquires stake in solar power company
Craftsman Automation has made an equity investment in Event Green Power (EGPL) for solar power under the Group Captive Scheme as required under the provisions of the Electricity Act, 2003. The company has invested Rs...
