Life Insurance Corp of India (LIC) is finalising terms to buy a significant minority stake in Ranjan Pai-led ManipalCigna Health Insurance, people familiar with the matter said. It marks the state-owned giant’s entry...
Jindal Stainless acquires 9.62% stake in M1xchange
Jindal Stainless along with its wholly owned subsidiary, Jindal Stainless Steelway, acquired 9.62% stake in M1xchange, India’s leading RBI-licensed Trade Receivables Discounting System (TReDS) platform. This deal...
Board of Welspun Enterprises approves sale of entire stake held in its non-operative subsidiaries
The Board of Welspun Enterprises at its meeting held on 27 March 2025 has approved the sale of its entire stake in its non-operative wholly owned subsidiary companies namely, Kim Mandvi Corridor [Formerly known as...
Neo Infrastructure Income Opportunities Fund to acquire two road assets for Rs 1,500 crore
Neo Infrastructure Income Opportunities Fund (NIIOF), a SEBI-registered Category II Alternative Investment Fund (AIF), has signed definitive agreements to acquire two operational road assets from CDS Infra Projects for...
DLF buys 49.99 pc stake in DLF Urban from GIC arm for Rs 497 crore
Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore’s Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which...
Aditya Birla Sun Life Mutual Fund announces merger of target maturity fund with corporate bond fund
Aditya Birla Sun Life Mutual Fund has announced the merger of its target maturity fund with the corporate bond fund. Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund will be the merging...
EaseMyTrip enters aviation market; acquires 49% stake in Big Charter Pvt Ltd
In a move to expand its services, EaseMyTrip, one of India’s leading online travel agencies, announced Monday that it has entered the charter aviation market with the acquisition of a 49% stake in Big Charter Pvt Ltd...
TPG-led consortium set to acquire Siemens Gamesa Renewable Power for $500-550 million
A consortium led by TPG, along with industrialist Vellayan Subbiah of the Murugappa Group and former JSW Group senior executive Prashant Jain, is poised to acquire Siemens Gamesa Renewable Power for an enterprise...
Reliance Industries Limited acquires 74% in Nauyaan Shipyard
Reliance Industries in a regulatory filing said its subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for ₹1 lakh. “Please note that...
Competition Commission of India dismisses allegations of anti-competitive practices against GMR Airports
Fair trade regulator CCI has dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport with respect to the awarding of certain contracts. The Indira Gandhi International Airport (IGIA)...
SBI MF, ICICI Prudential MF, Nippon India MF buy 4.12% stake in TBO Tek for Rs 537 cr
SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology...
Unicommerce acquires shipping automation company Shipway Technology
Ecommerce software company Unicommerce Esolutions has completed the acquisition of the 57.24% stake it did not own in shipping automation services provider Shipway Technology, making it a wholly owned subsidiary. The...
