Zydus Lifesciences, said through its wholly-owned subsidiary Zydus Animal Health & Investments (ZAHIL), it has acquired 6.5% stake in Pune-based Mylab Discovery Solutions from Rising Sun Holdings, an investment...
Zydus Life to acquire equity stake in Mylab Discovery Solutions for ₹106 crore
Zydus Lifesciences announced on June 23 that it will acquire 6.5 per cent equity stake in Mylab Discovery Solutions Limited for ₹106 crore. The deal is a share purchase agreement of Zydus Animal Health and Investments...
Asian Paints acquires additional 11% stake in White Teak
Asian Paints Ltd announced on Friday that it had acquired an additional 11% stake in White Teak, a home decor company for ₹54 crore. As part of their agreement, the paint company paid White Teak ₹59.5 crore as an earn...
UPL to hive off specialty chemicals biz to arm
Mumbai-based UPL Ltd, will hive off its specialty chemicals business on a slump sale basis to wholly-owned arm UPL Speciality Chemicals Ltd for ₹3,572 crore. UPL expects to close the transaction within 3 to 4 months of...
Bupa looks to raise stake in health joint venture
UK-based healthcare services and insurance provider Bupa is in talks with domestic private equity firm True North to pick a part of the PE firm’s stake in Niva Bupa Health Insurance Co, a joint venture between the...
Fortis Healthcare to divest Vadapalani Hospital business for ₹152 crore
Fortis Healthcare Limited announced on Thursday about signing of a definitive agreements for sale of its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (India) Limited for a sale...
Nova IVF acquires Ahmedabad company Wings to expand its presence in Gujarat
Nova IVF Fertility, the second largest fertility chain in India, has expanded its presence in Gujarat through the acquisition of Ahmedabad-based Wings IVF that has six centres in Gujarat. The deal is valued at ₹125-₹140...
Five bidders in race for textile manufacturer Sumeet Industries
Five bidders have expressed interest in taking over the debt-laden Surat-based textile company Sumeet Industries. These bidders are UP-based Bhola Ram Papers & Power, Bhilosa Industries and Bhumi Tex Industries of...
CCI approves acquisition of stake by mortgage lender HDFC in 2 insurers
Competition watchdog CCI on Tuesday granted its approval to mortgage lender HDFC to acquire a certain stake in HDFC Life Insurance Company and HDFC ERGO General Insurance Company Ltd. These approvals will help pave the...
Securities Appellate Tribunal adjourns ZEEL promoters’ plea to June 26
The Securities Appellate Tribunal (SAT) will hear on June 26 the plea of Zee Entertainment Enterprises Limited Chairman emeritus Subhash Chandra and his son and MD Punit Goenka to set aside the Securities & Exchange...
Reliance Power makes a higher offer to lenders for Vidarbha Industries
Anil Ambani-promoted Reliance Power has made a revised and improved debt-settlement offer of `1,260 crore to the lenders of its Vidarbha Industries Power subsidiary, said people aware of the development. Reliance Power...
Adani Enterprises to buy train booking platform Trainman
Adani Enterprise will soon be selling online train tickets. Adani Enterprises declared its intentions on Friday and informed Indian stock market bourses that it has signed a share purchase agreement for acquisition of...
