Metropolis Healthcare, India’s second largest diagnostic chain, on Monday said its board has approved the acquisition of Delhi NCR-based specialty cancer testing chain Core Diagnostics for Rs 247 crore through a...
NCLT asks two Tata NBFCs to seek merger nod from stakeholders
The National Company Law Tribunal (NCLT) has asked two non-banking finance companies of the Tata Group — Tata Capital Ltd and Tata Motors Finance Ltd — to convene meetings of their shareholders and secured and unsecured...
Gujarat Apollo Industries announces acquisition of Mehsana-based Fieldtrack Earthmovers
Gujarat Apollo Industries announced that its wholly owned subsidiary AEML Investments (formerly known as Apollo Earthmovers) (AEML) has entered into a Share Purchase Agreement on 07 December 2024 with the shareholders...
UltraTech receives CCI notice over proposed acquisition of India Cements
Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has...
Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: s
Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of...
Acre ARC wins bid to take over Essel Groups’ bad loans
Acre ARC has emerged as the successful bidder to take over the ₹1,350 crore debt of Subhash Chandra’s Essel Group and also ₹2,613 crore debt of a portfolio of retail and SME loans from JC Flowers ARC (JCF) as the...
RBI approves Canara Bank’s stake sale in MF, insurance subsidiaries via IPO
The Reserve Bank of India (RBI) has approved Canara Bank’s stake sale in its mutual fund and insurance arms through an Initial Public Offering (IPO), the state-owned lender said on Thursday. “Reserve Bank of India...
ONGC, NTPC Green JV set to buy Ayana Renewable for $750 million
ONGC NTPC Green Pvt Ltd (ONGPL), an equal joint venture between ONGC Green and NTPC Green, is set to acquire a 100% stake in Ayana Renewable Power for $700-750 million, according to people with knowledge of the matter...
Star Cement denies reports of acquisition talks with Adani Group
Star Cement on Wednesday dismissed reports suggesting that Adani Group’s Ambuja Cement is evaluating a potential acquisition of the company to expand its presence in the North East. The company labeled the claims as...
Kotak Pre-IPO fund to buy into diagnostic chain Neuberg
Kotak Pre IPO Opportunities Fund is in advanced discussions to acquire an about 15% stake in Neuberg Diagnostics, a diagnostics chain owned by serial healthcare entrepreneur GSK Velu, said people aware of the...
L&T to acquire 21% stake in E2E Networks in two-part Rs 1,406 crore deal
Engineering conglomerate Larsen & Toubro (L&T) on Tuesday announced it will acquire a 21 per cent stake in Indian Cloud and AI Cloud provider E2E Networks, in an all-cash transaction of Rs 1,406 crore. The...
Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: s
Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of...
