Zydus Group is exploring the sale of its clinical research business, Cliantha Research Ltd, in a deal that could potentially fetch more than $200 million, three people familiar with the development said. The Zydus...
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware...
Pluckk acquires Indian food-tech startup KOOK to enter DIY meal Kit market
Pluckk, a digital fresh food brand in the Fruits and Vegetables (F&V) space, has acquired the entire stake in KOOK for $1.3 million to be paid in cash and equity. Kook is an Indian food-tech startup that specializes...
Minda seeks CCI nod to buy 24.5% in Pricol
Auto parts maker Minda Corporation on Tuesday sought the Competition Commission of India’s (CCI) approval to buy 24.5% stake in rival Pricol Ltd, according to a regulatory filing. Minda had in February bought a 15.7%...
Hindustan Zinc’s all-cash bid for Vedanta’s assets lapses: Report
Hindustan Zinc Ltd’s proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders’ approval within the stipulated time limit, said...
Go First makes exit, blames Pratt & Whitney for insolvency
The “ever-increasing” number of failing engines supplied by Pratt & Whitney has forced Go First to file for an insolvency resolution process before the Delhi bench of the National Company Law Tribunal...
Care Hospitals buyout lands up in Bombay High Court; Max Healthcare sues TPG: Report
Max Healthcare Institute is reported to have filed a suit in the Bombay High Court against private equity firm TPG after the owners of Care Hospitals neglected Max’s bid to favour an offer by the world’s...
Fintech firm BharatPe acquires controlling stake in NBFC Trillion Loans
Full-stack fintech services provider BharatPe Group announced it has completed a majority stake (51 per cent) acquisition in Trillion Loans, a Mumbai-based non-banking financial company (NBFC), for an undisclosed sum...
Shree Cement in talks for stake in Sanghi Cement
Bangur family-owned Shree Cement is in non-binding talks to acquire between 40% and 72% stake in Sanghi Cement for an enterprise value (EV) of ₹6,000 crore, according to multiple sources briefed on the matter...
JM Financial Home Loans exploring merger with IndoStar’s mortgage Unit
JM Financial Home Loans, a part of the JM Financial Group, has begun talks with IndoStar Capital Finance for a potential merger with the latter’s home finance business. “JM Financial has a long-term...
Ipca Labs set to acquire Unichem promoter’s stake for over ₹ 1,034 cr
lpca Laboratories on Monday said it has entered into a definitive share purchase agreement to acquire Unichem Laboratories promoter’s stake for ₹1,034.06 crore in an all cash deal. lpca will acquire 2,35,01,440...
JSW Group in talks with MG Motor India, BYD India to pick up stake
Sajjan Jindal-led conglomerate JSW Group is in talks with MG Motor India to pick up stake in the automobile company, according to sources. The steel-to-sports group is also exploring purchase of stake in BYD India, they...
