Listed property technology company Aurum PropTech has acquired 100% of PropTiger, the Indian arm of News Corp Australia-backed REA Group, through an all-stock strategic equity swap. This marks the first-ever share-swap...
Mindspace REIT makes first third-party acquisition with Rs 512-cr deal in Hyderabad
Mindspace Business Parks Real Estate Investment Trust (REIT) has acquired a prime commercial asset Q-City, an 810,000 sq ft office campus spread over 6 acres of land in Hyderabad’s Financial District for over Rs 512...
PSBs ready insurance units’ divestment plan
State-run banks have informed the government that they will actively pursue disinvestments in their insurance subsidiaries after the Centre approves 100% foreign investment in the sector. Some lenders have shared their...
Adani group seeks Competition Commission’s nod to acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an...
CJI to Form Bench on JSW, lenders’ plea against Bhushan Power liquidation
Chief Justice of India BR Gavia on Monday said he will soon constitute a bench to hear review petitions filed by JSW Steel and lenders of Bhushan Power and Steel (BPSL) against the Supreme Court’s May 2 judgment that...
JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for Rs 12,915 cr
Sajjan Jindal-led JSW Paints has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in Dutch paint maker Akzo Nobel’s India unit in a Rs 12,915-crore deal. The development...
NCLT approves merger of Adani Cementation with Ambuja Cements
The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation with Ambuja Cements, which will help to consolidate Adani Group’s cement business under one unit and bring synergistic benefits...
Udaan acquires retail tech startup ShopKirana for $88.5 million in stock
Business-to-business (B2B) grocery delivery platform Udaan said on Friday that it agreed to acquire 100% stake in retail tech startup ShopKirana in an all-stock deal. A press release from Udaan did not provide details...
Conversive acquires VoxGenie to offer multimodal Voice AI engagement
AI-powered CRM engagement company Conversive on Thursday announced the acquisition of VoxGenie, an emerging innovator in Voice AI. The acquisition marks a major milestone for Conversive, positioning it as the first...
Hexaware acquires two SMC Squared firms for over Rs 1,000 crore in GCC space
Mid-sized IT player Hexaware Technologies Thursday said it has acquired two SMC Squared group firms for a cumulative cash consideration of Rs 1,029.12 crore (about $120 million). The acquisition of Tech SMC Squared...
Adani Group sells 20% stake in AWL Agri Business to Wilmar in Rs 7,150 crore deal
Apples-to-airport conglomerate Adani Group on Thursday sold its 20% stake in FMCG joint venture AWL Agri Business Limited to Singapore’s Wilmar International in a Rs 7,150 crore deal priced at Rs 275 per share...
Torrent Pharma seeks CCI nod to acquire majority stake in JB Chemicals for Rs 19,500 crore
Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI’s clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the...
