Telecom operator Bharti Airtel has increased its direct stake in Indus Towers by acquiring 23.01 per cent shares held by its completely owned subsidiary Nettle Infrastructure, a regulatory filing said on Saturday...
Future Retail RP to move court against promoters
The resolution professional managing the insolvency of Kishore Biyani’s flagship Future Retail Ltd will petition the National Company Law Tribunal (NCLT), alleging lack of cooperation from the company’s promoters and...
Mahindra Electric Mobility merges with parent Mahindra & Mahindra
Mahindra and Mahindra said its electric vehicle unit has merged with it. Mahindra Electric Mobility Ltd (MEML) is now officially merged into the parent company, Mahindra and Mahindra Ltd (M&M), the auto major said...
Bharti Airtel completes amalgamation of Nettle Infrastructure, Telesonic Networks
Bharti Airtel said it has completed the merger of wholly owned subsidiaries Nettle Infrastructure Investments Limited (Nettle), Telesonic Networks Limited (Telesonic). The amalgamation is effective February 1 and was...
NCLT favours Torrent, rules against second auction for Reliance Capital
The bankruptcy court ordered in favour of Torrent Investments in its plea challenging lenders’ decision to hold a second auction for the sale of Reliance Capital and a late improved offer from the Hinduja Group after...
RBI OKs Hinduja hiking IndusInd Bank stake
The Reserve Bank of India (RBI) has given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group entity, to raise its stake in IndusInd Bank to 26%, four people aware of the...
Govt to sell some stake in Hindustan Zinc by next month: DIPAM secy
The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of Rs 50,000 crore for the current fiscal, DIPAM Secretary Tuhin Kanta...
Pawan Hans sale set to be junked
The government is set to scrap the winning bid for the sale of helicopter service provider Pawan Hans and may not seek fresh bids for the defence public sector enterprise, thus scrapping its disinvestment altogether...
Youtuber CarryMinati buys minority stake in esports firm Big Bang Esports
YouTuber Ajey Nagar who goes by the moniker CarryMinati and his business partner Deepak Char have picked up stake in Mumbai-based Big Bang Esports Private Limited. The two have collectively taken a 10% stake in the...
Biocon sells 9.96% stake in contract research firm Syngene via open market
Indian biopharma company Biocon sold a 9.96% stake in its unit and contract research firm Syngene International through open market sale, it said in an exchange filing. With the sale, the total promoter stake...
Hinduja renewables joins race to buy major stake in Fourth Partner Energy
Hinduja Renewables, the green energy arm of the Hinduja Group, has joined the race to acquire a majority stake in renewable energy firm Fourth Partner Energy, two people aware of the development said. Hindujas are...
India M&A deal size hit record levels, up 139%: Bain & Co
India has witnessed a record growth of 139% in overall M&A deal size, driven by record levels of cash and availability of assets, according to the latest Bain & Company’s annual Global Mergers & Acquisitions...
