Finance Minister Nirmala Sitharaman on Monday said that the government does not have any roadmap for mergers of public sector banks. However, a High-Level Committee on Banking for Viksit Bharat, proposed in the Budget...
Nexus Select Trust to pick 50% stake in Runwal Enterprises’ upcoming mall in Mumbai for Rs 434 crore
Realty firm Nexus Select Trust will acquire 50 per cent stake in an upcoming mall in Mumbai for Rs 434 crore as part of its expansion plan. In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by...
Strata Geosystems Acquires India-Based Venus Interlinings to Strengthen Geotextiles Presence
Strata Geosystems today announced the strategic acquisition of Venus Interlinings, a leading India-based manufacturer of advanced non-woven geotextiles and technical textiles. – Expands Manufacturing Footprint...
UPL to spin off UPL Global, CEO Jai Shroff calls reorganisation ‘shareholder friendly’
UPL’s reorganisation is shareholder friendly as the listed company’s shareholders will get direct shares in UPL Global, a new entity that will be spun off to house the company’s merged global and local...
Mahagun gets insolvency relief as NCLT clears settlement with IDBI Trusteeship
Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in...
Suraj Estate Developers inks pact to acquire Hally Pacific
Suraj Estate Developers announced that it has entered into an agreement to acquire a 100% stake in Hally Pacific, to undertake the development of plot situated in Prabhadevi, Mumbai. Hally Pacific incorporated to carry...
ASM Tech inks pact to acquire 20% stake in Myelin Foundry
ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry, with the aim to deploy patented, high-performance AI solutions across advanced engineering design-led...
Asgard Alcobev completes acquisition of CMJ Breweries
Asgard Alcobev, formerly known as Banganga Paper Industries, has completed the acquisition of CMJ Breweries, a leading contract brewing facility in Northeast India. The company has acquired a 78.9 per cent stake in the...
CCI clears HLFL–NDL merger, paving way for Hinduja Finance consolidation
India’s antitrust watchdog, the Competition Commission of India, has approved the proposed merger of Hinduja Leyland Finance with and into NDL Ventures, clearing the path for a consolidation move aimed at streamlining...
Axis Asset Management Co-Axis Securities deal gets CCI nod
Fair trade regulator CCI has approved the acquisition of portfolio management services business of Axis Securities Ltd by Axis Asset Management Company Ltd. “The proposed combination is in the nature of an...
SBI mulls raising stake in investment banking JV to 51% amid capital market boom
The State Bank of India is weighing a plan to take control of its investment-banking joint venture (JV) with Investec India, according to two people familiar with the matter. The move comes as India’s largest lender...
BLS E-Services to acquire Atyati Technologies
BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore. In a regulatory filing, the company informed that the acquisition would be an all-cash deal and is expected to...
