Somany Ceramics Ltd., one of India’s most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into...
Avance Technologies Limited Signs Non-Binding Term Sheet to Acquire a B2B Inventory Liquidation Marketplace www.Excess2Sell.com
Avance Technologies Limited, a BSE-listed technology solutions provider, is pleased to announce that it has signed a nonbinding term sheet to acquire India’s premier tech-enabled B2B overstock inventory...
Reliance Retail Acquires Home Appliances Brand Kelvinator
Reliance Retail Ltd on Friday announced the acquisition of the home appliances brand Kelvinator for India from the Swedish manufacturer Electrolux AB after holding manufacturing and distribution rights for the brand...
IHCL acquires over 3.3 lakh shares in wholly-owned arm for over Rs 165 cr
Tata Group hospitality firm Indian Hotels Company Ltd on Wednesday said it has acquired over 3.3 lakh equity shares through a rights issue in wholly-owned arm ELEL Hotel and Investment Ltd for over Rs 165 crore. ELEL...
Brilyant Acquires Sugansa India to Accelerate AI-First Strategy
Brilyant, a global IT systems integrator and enterprise solutions provider, today announced the acquisition of Sugansa’s India operations, marking a strategic move to embed Artificial Intelligence (AI) at the core...
Dixon Technologies to pick 51 pc stake in Q Tech India
Electronics manufacturing services firm Dixon Technologies (India) Ltd on Tuesday said it has signed a binding term sheet to acquire a 51 per cent stake in Kunshan Q Tech Microelectronics (India). The proposed...
Homegrown private equity firm ChrysCapital scoops up bakery chain Theobroma in ₹2,410-crore deal
Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties...
Oberoi Realty-Naman wins bid for Juhu hotel in Rs 919-crore resolution plan
Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties, has secured the Committee of Creditors’ (CoC) approval to acquire Hotel Horizon Pvt Ltd (HHPL) through the insolvency resolution...
IFCI seeks government nod for consolidation of group companies
State-owned IFCI on Monday sought the government’s go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an...
PE fund Multiples, Sachetis to acquire majority stake in VIP Industries
A consortium of homegrown private equity fund Multiples Alternate Asset Management and Samvibhag Securities will buy an about 32% stake of VIP Industries from promoter Dilip Piramal & family, the luggage maker said...
NCLT clears Yatra Online’s amalgamation scheme involving six subsidiaries
Yatra Online Ltd on Friday announced that the National Company Law Tribunal (NCLT), Mumbai Bench, approved its petition for amalgamation of its six wholly-owned subsidiaries. Marking a significant development for the...
Govt to sell minority stake in LIC
The government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction, sources said. The government currently holds 96.5 per...
