Digital payments major PhonePe on Thursday trimmed its holding by selling a 5 per cent stake in CE Info Systems, the parent company of MapmyIndia, for Rs 486 crore through an open market transaction. PhonePe is an arm...
Cube Highways Trust acquires 2 highway assets in Jammu & Kashmir from NIIF for Rs 4,185 crore
Cube Highways Trust on Thursday said it has completed the acquisition of two highway assets in Jammu and Kashmir from the National Infrastructure Investment Fund at an enterprise value of Rs 4,185 crore. The Trust is...
DCM Shriram to acquire 100% stake in Hindusthan Speciality Chemicals for Rs 375 crore
DCM Shriram said that its board has approved definitive agreements to be entered into for acquiring 100% equity share capital of Hindusthan Speciality Chemicals for a total consideration of Rs 375 crore. Hindusthan...
Maithan Alloys acquires minority stake in GAIL (India) for Rs 12 cr
Maithan Alloys said that it has acquired a 0.01% stake in GAIL (India) for total consideration of Rs 12.36 crore via stock exchange. The company has acquired 6,25,000 shares through stock exchange with view to reap the...
Tata’s Trent trims stake in Zara, Massimo Dutti JVs with Inditex
Trent Ltd has pared its stakes in its joint ventures with Spanish fashion giant Inditex Group to operate the Zara and Massimo Dutti brands in India, even as Tata Group’s retail arm aggressively expands its own business...
Bank of Baroda top bidder in Jet Airways BKC office insolvency auction
In a significant development under the ongoing Jet Airways insolvency proceedings, public sector lender Bank of Baroda has emerged as the highest bidder for the airline’s 83,000 sq ft office space in commercial tower...
Jubilant promoters eye Rs 2,000 crore via stake sales for Hindustan Coca-Cola Beverages deal
Jubilant Bhartia Group promoters have initiated a process to sell minority stakes in their listed companies to raise Rs 2,000 crore to part-fund the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB)...
NCLT clears merger of Inox Wind units
Inox Wind Energy Limited (IWEL) on Wednesday said it has received final approval from the National Company Law Tribunal, Chandigarh bench, for its merger with Inox Wind Limited (IWL). The merger is seen as an important...
NCLAT declines to stay CCI order against UFO Moviez, Qube Cinema
The appellate tribunal NCLAT has refused to stay a CCI order, which imposed penalties on UFO Moviez India and Qube Cinema Technologies for indulging in anti-competitive practices. A three-member bench said the...
Aeroflex Enterprises acquires 51% stake in ABP Impex
Aeroflex Enterprises announced that its subsidiary, M.R. Organisation, has acquired 51% equity stake through its USA subsidiary in ABP Impex, based in Portugal (EU), that specialises in providing services for high...
RCB owner Diageo dismisses stake sale reports, calls them ‘speculative’
Diageo Plc, which owns Royal Challengers Bengaluru (RCB) via United Spirits, on Tuesday clarified on media reports suggesting a potential stake sale in the IPL cricket franchise. According to a Bloomberg report, the...
CCI clears Blackstone’s 40% stake acquisition in Kolte-Patil Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding Co VII’s proposal to acquire a 40 per cent stake in Kolte-Patil Developers Limited. According to a press release, “The acquirer is...
