India’s bankruptcy court has allowed the acquisition of Anudan Properties by Mumbai-based developer KGK Realty (India). The Committee of Creditors (CoC) approved KGK Realty’s resolution plan with 76.35%...
ONGC increases stake in Mangalore SEZ to 49%
State-owned Oil and Natural Gas Corporation (ONGC) said that it has bought 11,520,000 shares of Mangalore SEZ Limited from IL&FS. The company in its regulatory filing said it has acquired 1,1520,000 equity shares of...
Cube Highways acquires Baharampore Farakka Highway from HCC Group
I Squared Capital backed highways platform Cube Highways has closed the acquisition of Baharampore Farakka Highways Ltd (BFHL), which owns a 101 km highway stretch in West Bengal, from the HCC group at an enterprise...
Reliance Capital resolution process deadline may be extended
Lenders of debt-ridden Reliance Capital (RCap) may consider extending the deadline for completing the resolution process till May 30 this year, sources said. The current deadline ends on April 16. Considering the fact...
Virtuous Retail in talks to sell malls for about $500 million
Virtuous Retail South Asia is in talks with Nexus Malls and Lake Shore India Advisory to sell all its malls for $400-500 million (about Rs 3,500-4,000crore). The retail company, a joint venture between Singapore’s...
Imarticus Learning acquires HeroMindmine
Professional education firm Imarticus Learning has acquired HeroMindmine, the Hero Group training arm, for an undisclosed amount. This is the third acquisition for the Mumbai-based firm. It had previously acquired...
Travel and expense management firm Navan to acquire Tripeur
Navan, a travel and expense management super app announced its agreement to acquire Bangalore-based Tripeur, a travel management company for an undisclosed amount. Tripeur, a corporate travel experience solution, serves...
CCI approves SREI Infrastructure Finance’s acquisition by NARCL, IDRCL
Fair-trade regulator CCI on Thursday said it has approved the acquisition of SREI Infrastructure Finance by National Asset Reconstruction Company Ltd and India Debt Resolution Company Ltd. The deal has been cleared...
ArisUnitern acquires significant stake in Kaleido Realty
ArisUnitern, a real estate services firm providing end-to-end consulting services, has acquired a significant stake in Kaleido Realty, that helps real estate companies with sales and marketing launchpads. The stake was...
SP Group looks to raise $1.75 billion against Tata stake
The Shapoorji Pallonji (SP) Group, the single largest shareholder of Tata Sons, is in talks to raise $1.75 billion by pledging the remaining half of its stake in the unlisted holding company of the Tata Group, said...
Edelweiss Financial Services to raise ₹400 crore via NCD issue
Edelweiss Financial Services Limited (EFSL) launched the second tranche of Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹400 crore. The proceeds will be used to pare debt and for general corporate...
Insurtech startup InsuranceDekho acquires Verak, says CEO Ankit Agrawal
InsuranceDekho’s founder and CEO Ankit Agrawal Tuesday said the leading Indian insurtech startup has acquired Verak, a Mumbai-based SME insurance distribution company. The InsuranceDekho’s founder and CEO took to...
