One of Coca-Cola’s top bottling partners in India, Kandhari Global Beverages, has acquired Wave Beverages’ bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware...
Jash Engineering plans to acquire WesTech Process Equipment India, Mumbai
Jash Engineering announced its plans to acquire WesTech Process Equipment India, Mumbai (WPEIPL) by purchasing 80% stake held by WesTech LLC, USA, along with an additional 10% stake held by employees of the Indian...
JSW Group to increase stake in JSW MG Motor India amid SAIC’s exit from Indian Market
JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising...
Valor emerges as top bidder for Lavasa with ₹771-crore offer
Realty developer Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with an offer of ₹771.09 crore on a net present value (NPV) basis, as part of the ongoing insolvency resolution...
Manipal Health buys Sahyadri Hospitals for Rs 6,400 crore
Manipal Health Enterprises, India’s 2nd largest hospital chain, has bought Sahyadri Hospitals from Canada’s Ontario Teachers Pension Plan (OTPP), as per an official release from both sides that did not divulge...
MGL shares in focus following NCLT nod for amalgamation with Unison Enviro
Shares of Mahanagar Gas Ltd (MGL) are likely to be in focus on Thursday, July 10, after the National Company Law Tribunal (NCLT) approved the proposed Scheme of Amalgamation between MGL and its wholly owned subsidiary...
Quality Power Electrical Equipments and Yash Highvoltage to acquire 100% stake in Sukrut Electric Company
Quality Power Electrical Equipments and Yash Highvoltage have jointly announced the signing of a Binding Term Sheet to acquire 100% stake in Sukrut Electric Company (SECPL), a Pune-based transformer component...
Asian Paints sells entire stake in Akzo Nobel India
Asian Paints said on Wednesday it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India via bulk deals. Asian Paints, India’s largest paintmaker by market share...
360 ONE group gets CCI nod to acquire certain businesses of UBS
Fair trade regulator CCI on Tuesday approved 360 ONE group’s proposal to acquire certain businesses of Switzerland-based multinational investment bank UBS AG. “The proposed combination comprises acquisition...
CCI okays Kedaara Capital’s proposal to acquire stake in Porter
The Competition Commission of India (CCI) on Tuesday cleared a proposal by private equity firm Kedaara Capital to acquire a stake in SmartShift Logistics Solutions, the parent company of on-demand logistics-turned...
Legal talent solution provider Counselect acquires Lawmetrik to target legal department modernisation
Bengaluru-headquartered Counselect, a legal talent solutions provider offering flexible secondments and project-based engagements, has acquired legal value optimisation and managed service provider Lawmetrik for an...
Nectar to sell API, formulations & menthol biz to Ceph Lifesciences for Rs 1,290 cr
Nectar Lifesciences Ltd on Tuesday said it will sell its active pharmaceutical ingredients and formulation along with menthol business assets to Ceph Lifesciences Pvt Ltd, for Rs 1,290 crore. The company has signed a...
