Tata Group subsidiary, Nelco Limited, announced that it made a strategic investment in Mumbai-based satellite network software provider, Piscis Networks. Exchange filings made by Nelco, which offers satellite...
LIC hikes stake in Tech Mahindra to 9%
India’s largest institutional investor and insurer Life Insurance Corp of India (LIC) has raised its stake in IT bluechip Tech Mahindra Ltd to 8.88% from 6.87% since November, highlighting domestic fund managers’...
Odisha likely to shelve plan to divest 49% stake in Genco
Odisha government is likely to shelve plans to divest 49% of its stake in thermal power producer Odisha Power Generation Corporation, said people aware of the development. The state government owns 100% equity but it...
Competition Commission approves deal involving Manipal Group
The Competition Commission of India (CCI) said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India). Manipal Health Enterprises...
CCI approves minority stake acquisition in Lenskart by Dove Investments
Fair-trade regulator CCI has approved the minority stake acquisition in Lenskart Solutions by Dove Investments, Defati Investments Holding BV and Infinity Partners. The proposed combination relates to Dove Investments...
DS Group acquires chocolate brand LuvIt, to expand confectionary business
Dharampal Satyapal Group (DS Group) confirmed the acquisition of The Good Stuff, owner of chocolate and confectionary brand LuvIt. According to media reports, with this acquisition, the DS Group aims to expand its...
Titan plan to buy out CaratLane hits valuation hurdle
Differences have emerged between the Tata Group and the founders of CaratLane over the valuation of the residual stake held by the founders, leading to a months-long deadlock, said people aware of the matter. India’s...
NCLT admits pleas from Go First lessors
The National Company Law Tribunal (NCLT) on Monday admitted applications filed by Go First lessors Jackson Square Aviation Private Ltd and Engine Lease Finance BV and directed the insolvency resolution professional...
Embassy Group plans to sell assets to cut debt by a third: Group chairman Jitu Virwani
Bengaluru-based real estate developer Embassy Group plans to sell some assets to bring down its total debt by one-third over the next two quarters, group chairman Jitu Virwani said, rejecting reports that put the...
Kinetic Green plans to raise $100 million by selling 10-15% stake
Kinetic Green Energy and Power Solutions, the e-mobility venture of the Kinetic Group, is looking to raise up to $100 million by selling 10-15% stake in the company to investors, said people in the know. The company...
Adani terminates pact to buy Macquarie Asia’s roads worth ₹3,110 cr
Adani Group company Adani Roads Transport Ltd (ARTL) terminated yet another proposed acquisition and said it will not be going ahead with the acquisition of four road assets worth ₹3,110 crore from Australian investor...
Apollo Hospitals plans digital arm stake sale
Apollo Hospitals is planning to raise around $200 million in equity this fiscal year by selling stake in Apollo HealthCo, its omnichannel healthcare platform. The Chennai-based healthcare group is planning to sell...
