India saw a record level of mergers and acquisitions in 2022, as companies sought to consolidate positions, and enter new segments, leading to some of the largest-ever transactions in sectors such as banking, cement and...
Promoter buys stake in Bajaj Finserv for ₹100.41 cr in block deal
Promoter Jamnalal Sons increased its stake in NBFC-giant Bajaj Finserv on Tuesday in a block deal. The promoter purchased equity shares to the tune of ₹100.41 crore in the open market. On the other hand, promoter Rishab...
PhysicsWallah earmarks $40 million for M&As
Westbridge Capital-backed PhysicsWallah entered the upskilling segment with the acquisition of Bengaluru-based iNeuron.ai last week. But the purchase is just one part of PhysicsWallah’s strategy, as the company, led by...
Cygnus Medicare in talks to raise ₹200 cr
A clutch of institutional investors, including development finance institutions and private equity funds, are in talks to invest in Cygnus Medicare Pvt. Ltd that operates hospital chain Ujala Cygnus Healthcare Services...
NCLAT sets aside CCI order on DLF, remanded back directing to examine
The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter. The case pertains to CCI rejecting a complaint against DLF...
Aditya Birla leads race to acquire TCNS stake
Aditya Birla Fashion and Retail Ltd (ABFRL) has emerged as the front runner to acquire a majority stake in TCNS Clothing Ltd, the owner of the popular women’s wear brands W and Aurelia, two people aware of the matter...
Srei promoter Co likely to move SC in insolvency case
Srei Infrastructure Finances promoter company, Adisri Commercial, may challenge the National Company Law Appellate Tribunal (NCLAT)’s 22 December order upholding an NCLT order of October 2021, to initiate insolvency...
Home First Finance raises ₹280 crore from IFC
HomeFirst has raised ₹280 crore from International Finance Corp. (IFC), a member of World Bank Grou,p through the issuance of rupee-denominated, senior secured, rated, unlisted, redeemable non-convertible debentures...
Hinduja Group ups its bid to Rs 9,500 crore to acquire debt-ridden Reliance Capital
Hinduja Group, promoter of IndusInd Bank, made an attempt to revise upward its bid for taking over debt-ridden Relinace Capital to Rs 9,500 crore with upfront cash outgo of Rs 8,800 crore, sources said. The group had...
Court approves Swan Energy team’s resolution plan for Reliance Naval
The bankruptcy court approved a resolution plan by the Swan Energy-Hazel Mercantile team consortium for Anil Ambani-owned Reliance Naval and Engineering Ltd (RNEL). The Ahmedabad court Friday gave an oral order...
Axiscades acquires Mistral Solutions for Rs 296 crore
Axiscades Technologies Ltd on Friday announced the completion of the acquisition of Mistral Solutions Private Ltd (MSPL) for Rs 296 crore. In a statement, Axiscades said it completed the acquisition of MSPL in a phased...
NCLT to hear Zee lenders’ pleas against merger in January
India’s bankruptcy court will hear on January 12 requests from Zee Entertainment Enterprises (Zee) lenders to prevent a merger between it, Culver Max Entertainment (owned by Sony), and Bangla Entertainment (a Sony...
