UltraTech Cement is set to offload 6.49% stake in its unit India Cements via an open market offer for sale, the Committee of Directors and Officers approved on Wednesday. Aditya Birla-owned UltraTech Cement, which took...
Vedanta demerger deadline at risk as NCLT defers hearing
The Mumbai bench of National Company Law Tribunal has deferred the hearing for Vedanta to September 17, which could effectively see the company missing its deadline of September 30 for its proposed demerger. The...
Credgenics takes majority stake in debt collection firm Arrise
Credgenics, a software-as-a-service (SaaS) debt resolution platform, has acquired a majority stake in debt collection firm Arrise to enhance its field debt collections. The company, which works with more than 150...
StampMyVisa acquires Kunal Shah-backed travel tech startup Teleport
StampMyVisa, a B2B visa platform, has acquired Teleport, a new-age travel tech startup, as part of its plans to simplify and expand visa services across India and Southeast Asia. Teleport is backed by well-known Indian...
Norwest Venture eyes a bite of Belgian Waffle
Global venture fund Norwest Venture Partners (NVP) is leading negotiations to buy into homegrown dessert and waffle chain The Belgian Waffle Co, after talks with ChrysCapital fell through last year, said people directly...
Team India Guaranty inks deal to acquire 4A Financial Technologies
Team India Guaranty (TIGL) (formerly known as times Guaranty)has entered into a definitive agreement to acquire upto 100% equity shareholding of 4A Financial Technologies (4A FinTech). As part of the transaction, TIGL...
Govt to begin LIC stake sale roadshows, may sell 3% stake in first tranche
The government is expected to start roadshows within the next two weeks to prepare for selling a part of its stake in Life Insurance Corporation of India (LIC), CNBC-TV18 reported. The first round of divestment could...
Intas Pharma completes acquisition of UDENYCA biosimilar for $558 million
Intas Pharma has completed the acquisition of UDENYCA for $558 million, the company said in a release. UDENYCA is a biosimilar to Neulasta or Pegfilgrastim. It is used to treat side effects of radiation therapy in...
Tilaknagar Industries in talks to raise Rs 2,000 cr for Imperial Blue deal
Tilaknagar Industries, the maker of Mansion House brandy, is in talks with Standard Chartered, JP Morgan, and Nomura to raise about Rs 2,000 crore in debt to help finance its Rs 4,150-crore purchase of the Imperial Blue...
M&A activity drops 17 pc to $50 billion in January-June 2025
Mergers and acquisitions activity dropped to USD 50 billion in the first half of 2025, down 17 per cent when compared with the year-ago period, a report said on Tuesday. When compared with the July-December 2024 period...
Nykaa to acquire balance 40% stake in Nudge Wellness for Rs 15 lakh
Beauty and fashion brand Nykaa is set to acquire the remaining 40% stake in nutrition brand Nudge Wellness, the platform announced during its April to June quarter results. In 2022, Nykaa had acquired a 60% stake in...
IHCL inks agreements to acquire 51% stake in ANK Hotels and Pride Hospitality for Clarks Hotels & Resorts
Tata Group backed Indian Hotels Company (IHCL) said on Monday it has entered into share subscription and purchase agreements and shareholders’ agreements to acquire around 51% equity stake not exceeding Rs 110...
