Health insurance third-party administrator Medi Assist is set to acquire 100% stake in Raksha Insurance TPA in what could be the largest deal in third-party administrator or TPA space, its CEO Satish Gidugu told ET. The...
Adani Group, Reliance Industries pull out of race to acquire SKS Power Generation
Adani Group and Reliance Industries have not submitted revised bids for SKS Power Generation (Chhattisgarh), making it a five-way contest for the 600 MW thermal power project, people familiar with the process said...
Manipal to buy AMRI Hospitals for Rs 2,400 crore
After prolonged negotiations and court battles, Manipal Health Enterprises has acquired Kolkata-based AMRI (Advanced Medical Research Institute) Hospitals in a deal worth ₹2,400 crore, said two people aware of the...
Crompton Greaves Consumer Electricals and kitchen appliance maker Butterfly announce merger
Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business. This will also simplify...
Edtech major BYJU’s, Aakash deny merger talks with rival Unacademy
Edtech major BYJU’s on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services. Reacting to a Money Control report which said, citing sources...
RBI approves merger of three L&T Finance Holdings units
L&T Finance Holdings Limited (LTFHL) said that the Reserve Bank of India has approved merger of its three subsidiary lending entities – L&T Finance Limited, L&T Infra Credit Limited and L&T Mutual...
Sun Pharma acquires 60% stake in Vivaldis Health & Foods for ₹143 cr
Drug major Sun Pharmaceutical on Friday announced that it is set to acquire 60 per cent shareholding in Vivaldis Health & Foods for ₹143.30 crore from its existing shareholders, The remaining 40 per cent...
Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr
Adani Power on Thursday said it has sold a 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. “Parties to the proposed...
Vedanta denies talks of stake sale, calls them ‘untrue’, ‘baseless’
Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as “untrue and baseless.” This comes in the wake of news report which said that mining mogul Anil Agarwal is contemplating...
SpiceJet open to sell more stakes in airline biz
Low-fare airline SpiceJet is open to selling more shares to reduce its liabilities, chairman and managing director Ajay Singh said. “We are flexible. We will talk to our partners and see what it is they prefer to do...
Chalet Hotels to acquire The Dukes Retreat in Khandala for Rs 133 crore
Chalet Hotels Limited (CHL) said it has signed definitive agreements for the acquisition of The Dukes Retreat, Khandala, an 80-room resort for an enterprise value of Rs 133 crore. Chalet Hotels is the owner, developer...
Govt to sell 3.5% stake in Hindustan Aeronautics
The government will sell up to 3.5% stake in Hindustan Aeronautics (HAL) through an offer for sale (OFS) on Thursday and Friday to raise around Rs 2,867 crore, the company said in an exchange filing on Wednesday. The...
