India’s largest merger and acquisition deal in the media and entertainment (M&E) sector has concluded, with the merger of Viacom18’s TV and digital businesses into Star India securing all necessary...
Samara Capital-backed Agro Tech Foods to acquire Del Monte Foods from Bharti Enterprises
Private equity firm Samara Capital and Convergent Finance backed Agro Tech Foods Limited (ATFL), on Thursday announced it is set to acquire Del Monte Foods Private Limited (DMFPL), a joint venture between the Bharti...
India Glycols partners Amrut Distilleries, plans to demerge spirits biz
India Glycols Ltd, which on Wednesday announced a partnership with Bengaluru-based Amrut Distilleries, is mulling a demerger of its spirits business and subsequently listing on the exchanges, company officials said. The...
Tata Communications divests 100% stake in ATM biz for Rs 330 cr
Tata Communications is set to divest its entire 100% stake to Transaction Solutions International (India) (TSI), a company majority-owned by Australia’s digital payments and financial services provider, Findi. The deal...
Transformers and Rectifiers acquires controlling stake Posco Poggenamp Electrical Steel
Transformers and Rectifiers (India) (TARIL) said that has decided to make a strategic investment in Posco Poggenamp Electrical Steel by acquiring a controlling stake. Posco Poggenamp Electrical Steel manufactures of...
Kovai.co acquires Bengaluru-based business-to-consumer SaaS company Floik
Coimbatore-based Kovai.co, a premier enterprise software and B2B (business-to-business) SaaS (software as a service) company providing revenue growth solution, announced on Wednesday the acquisition of Floik, a...
Unicommerce to acquire shipping automation firm Shipway
Ecommerce software firm Unicommerce Esolutions said on Monday that it will acquire Gurugram-based shipping automation company Shipway. The deal will be completed in tranches, Unicommerce said. In the first leg, it will...
LIC pares 2.02% stake in Tata Power for Rs 2,888 crore
Life Insurance Corporation (LIC) on Tuesday said it has sold more than 2.02 per cent stake in Tata Power Company for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent. In a regulatory filing...
Digital realty platform Blox acquires 11% in advisory firm Guardians for $12 million
Digital real estate platform Blox has acquired an 11% stake in advisory firm the Guardians for $12 million or over Rs 101 crore, with plans to increase its ownership to 50% over the next three years. This acquisition...
HDFC Bank to divest HDFC House, other realty assets
In a major strategic move, HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development...
Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement
Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to...
Bhutani Group acquires Logix City Center in Noida
Noida’s Bhutani Group has acquired Logix City Center, an 1.2 million sq ft of retail, office and hospitality asset for close to Rs 1,000 crore, two people aware of the development said. The company had earlier acquired...
