Federal Bank will acquire a select India credit card portfolio from Standard Chartered Bank of about 450,000 cards, the bank said in a statement. Both banks will sign an agreement for the deal, the bank said in a...
National News
Times Music acquires Catrack Entertainment, doubles down on Punjabi catalogue strategy
Times Music, owned by The Times Group, has acquired Catrack Entertainment, marking its third catalogue buy and deepening its bet on regional music IP through its partnership with Primary Wave Music. The acquisition...
Inorbit malls to acquire Prozone Group malls in Chhatrapati Sambhaji Nagar, Coimbatore
Inorbit malls, a subsidiary of K Raheja Corp, has agreed to acquire two malls of the Prozone group in Chhatrapati Sambhaji Nagar (Aurangabad) and Coimbatore for around Rs 1,300 crore. The acquisition will add close to 1...
Reliance Retail acquires Anomaly, expands beauty portfolio globally
Reliance Retail Limited (RRL) announced on Thursday the acquisition of Priyanka Chopra Jonas’s brand Anomaly Haircare, including its trademarks, brand assets, and digital properties for an undisclosed amount. With this...
Coforge closes acquisition of Cigniti after NCLT clearance
Mid-tier IT services company Coforge on Friday said it has completed the acquisition of Hyderabad-based Cigniti Technologies, following shareholder approval and final clearance from the National Company Law Tribunal...
Govt reviews divestment plans, IDBI Bank stake sale
The government on Monday reviewed its disinvestment strategy, including the IDBI Bank strategic sale, as stock market volatility in the aftermath of the West Asia war has cast a shadow over its sell-off bid, a person...
JAL Case: NCLAT reserves ruling on Vedanta plea
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta’s two petitions challenging the selection of Adani Enterprises bid to acquire debt-ridden Jaiprakash Associates Ltd...
Unimech signs deal to acquire Hobel Bellows for Rs 450 crore
Unimech Aerospace and Manufacturing Limited has signed a definitive agreement to acquire Hobel Bellows for Rs 450 crore. Hobel Bellows is a specialised Indian manufacturer of metallic bellows and precision-engineered...
IHCL completes acquisition of 51 pc stake in Brij Hospitality for Rs 222 cr
Tata Group-backed Indian Hotels Company, along with its subsidiaries, has completed the acquisition of a 51 per cent stake in Brij Hospitality for a total investment of approximately Rs 222 crore, according to a...
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buy
National Investment and Infrastructure Fund (NIIF) has emerged as the frontrunner to acquire Sprng Energy from Shell for nearly $1.7 billion, said people in the know, as India’s quasi-sovereign wealth fund looks to re...
360 ONE Asset acquires 13% stake in Bengaluru office asset for ₹1,125 cr
Alternative asset manager 360 ONE Asset, through its real assets funds, has acquired a 13 per cent equity stake in Ecoworld, a Grade-A office campus owned by Brookfield India Real Estate Investment Trust (Reit), through...
Fairfax likely to buy 10% more in IIFL Capital via preferential allotment
Prem Watsa-backed Fairfax Financial Holdings is set to increase its stake in IIFL Capital Services through a preferential allotment in a transaction estimated around ₹1,000 crore, multiple people aware of the...
