Samvardhana Motherson International shares rose 3.3 per cent on Wednesday and logged an intra-day high at ₹102.19 per share on BSE. At 11:13 AM, on BSE, Samvardhana Motherson International’s share price was up 2.69 per...
LNJ Bhilwara buys out Statkraft’s 49% stake in hydro power JV
LNJ Bhilwara Group has bought out Statkraft’s 49% stake in a hydro power JV, according to a disclosure to stock exchanges. LNJ Bhilwara group company HEG will buy out Statkraft’s stake in Malana Power Company for an...
Blue Cloud Softech Solutions to acquire defense tech company – 3P Vision
Blue Cloud Softech Solutions (BCSSL) has signed a Letter of Intent (LOI) to acquire 3P Vision, a defense technology company renowned for its deep-tech expertise in AI, drones, and integrated surveillance systems...
Mount Everest Breweries acquires Cheers Breweries in ₹300 crore deal
Indore-based Mount Everest Breweries Limited (MEBL) has acquired Karnataka’s Cheers Breweries in a Rs 300 crore deal, marking its entry into the southern market. The move is part of MEBL’s plan to expand to 20 states by...
JSW, Vedanta, Adani among companies keen to buy GVK Energy’s asset
JSW Energy Ltd., Adani Power Ltd. and Vedanta Ltd. are among more than a dozen companies that have expressed interest in acquiring GVK Energy’s 330 MW Alaknanda hydro power project in Uttarakhand, according to...
Multibillion-dollar deals fuel pickup in India’s mergers & acquisitions activity
After a lull earlier this year, activity in mergers and acquisitions has picked up in India, led by multibillion-dollar cross-border deals and the involvement of global private equity funds and local firms. Increasingly...
Sequent and Viyash Life merger plan gets shareholder approval
The proposed merger of Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences has got overwhelming support from shareholders, the company’s management told ET. It secured approval from 99.98% of...
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Benevrages, PepsiCo’s second-largest global bottling partner, will manufacture visi-coolers under its joint venture White Peak Refrigeration, formed with Everest International Holdings. With a 50%...
Waaree Energies acquires 64% stake in Kotsons Private Ltd to enter the transformers business
Waaree Energies Limited, India’s largest solar module manufacturer, has acquired a 64% equity stake in Kotsons Private Limited through a primary capital infusion of about Rs 192 crores, making Kotsons a subsidiary of...
Varun Beverages to acquire stake in renewable energy company
Varun Beverages approved to invest upto 26% of equity share capital of Jager Renewables Two (a special purpose vehicle inter-alia engaged to generate & supply solar power to consumers in the state of Rajasthan) to...
Waaree Energies to acquire 64% stake in Kotson’s for Rs 192 crore
Waaree Energies on Tuesday said that its board has approved a proposal to acquire a 64 per cent equity stake in Kotson’s Pvt Ltd for a total consideration of Rs 192 crore. Kotson’s Private Limited...
CCI clears Manipal Hospitals’ proposal to acquire Sahyadri Hospitals
Competition watchdog CCI on Tuesday cleared healthcare major Manipal Hospitals’ proposal to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers’ Pension Plan Board in a deal estimated...
