Sankey Prasad, a seasoned real estate entrepreneur and advisor with a four-decade track record spanning a global portfolio, has acquired 100% ownership of the Colliers Project Leaders (CPL) business in the Middle East...
Rajasthan Royals begins play to sell majority stake
Rajasthan Royals has initiated a process for offloading a majority stake in the sporting franchise at a time when investor interest in the Indian Premier League (IPL) remains strong, people aware of the sale process...
Virat Kohli to sell One8 to Agilitas Sports; invests Rs 40 crore for minority stake
Cricketer Virat Kohli is selling his sportswear and athleisure brand One8 to Agilitas Sports and investing Rs 40 crore to acquire a minority stake in the latter. Agilitas Sports is acquiring One8 eight months after...
Larsen & Toubro to consolidate real estate business
Larsen & Toubro has decided to transfer its real estate business, Realty, to L&T Realty Properties, a wholly owned subsidiary of the company, through a slump sale via a scheme of arrangement. This strategic...
Adani submits ₹15,000-crore plan for Jaiprakash Associates for NCLT’s approval
Billionaire Gautam Adani–promoted Adani Enterprises Ltd on Monday submitted its resolution plan of over ₹15,000 crore for bankrupt Jaiprakash Associates Ltd (JAL) before the Allahabad Bench of the National Company Law...
Birlas exit Kesoram Industries
B K Birla group company Kesoram Industries saw a churn in ownership on Friday as Frontier Warehousing Limited moved to acquire a controlling stake, marking the exit of the Birla family from the company after demerging...
EQT Partners lines up $1 billion CitiusTech exit
EQT Partners is looking to raise nearly $1 billion (₹8,996 crore) by selling its entire 40% stake in CitiusTech, a global healthcare technology, analytics and consulting company, monetising its six-year-old investment...
NIIF to consider selling stake in smart power meter firm IntelliSmart
The National Investment and Infrastructure Fund is considering selling its 51% stake in IntelliSmart Infrastructure, according to people familiar with the matter. NIIF is working with an adviser and sounding out...
Biocon fully integrates Biocon Biologics in $5.5 billion deal
Indian biopharmaceutical company Biocon said on Saturday it would fully integrate its biosimilar unit Biocon Biologics as a wholly owned subsidiary, consolidating Biocon’s biosimilars and generics businesses under one...
Fintech firm Zaggle acquires Rio Money for Rs 22 crore; plans to invest Rs 75 crore post-acquisition
Fintech firm Zaggle, which offers spend management services, has acquired Rivpe Technology Private Limited (Rio.Money), a digital banking platform offering UPI-based payment solutions for Rs 22 crore, the company said...
Moglix acquires stake in NBFC Vanik for Rs 80 crore
Credlix, the lending subsidiary of Singapore-headquartered Moglix, an ecommerce portal for industrial goods, has invested Rs 80 crore in Vanik Finance for two-thirds stake in the Delhi-based non-banking finance company...
Govt may seek bids for $7 billion IDBI Bank stake this month
India is poised to seek bids for its $7.1 billion majority stake in IDBI Bank Ltd., a key step in its long-running effort to privatize the previously distressed lender and accelerate a divestment push. Talks with...
