Appellate Tribunal NCLAT has revived the plea of debt-ridden Infrastructure Leasing & Financial Services (IL&FS) seeking examination of six alleged circuitous lending transactions aggregating Rs 1,080 crore. The...
National News
Saints & Masters expands multi-cloud play with Xencia acquisition
Technology advisory and execution firm Saints & Masters (S&M) has acquired Bengaluru-based Microsoft solutions partner Xencia Technology to strengthen its multi-cloud capabilities. The deal comprises a mix of...
Property management platform Crib acquires rent financing company CirclePe
Crib, an AI-powered property management platform for co-living spaces, hostels, and PGs has acquired CirclePe, a rent financing company that lets tenants rent without a security deposit and pays operators their rent in...
Ananta Capital Acquires Majority Stake in Phitku, One of India’s Fastest Growing Personal Care Brand
Ananta Capital has acquired a majority stake in Phitku, one of India’s fastest growing personal care brands. Founded in early 2025 by Sumit Marda, Neha Marda and Rahul Dokania, Phitku is a digitally native...
Kotak to buy Deutsche’s India retail, wealth business
Kotak Mahindra Bank and Deutsche Bank AG have entered into a definitive agreement under which Kotak will acquire Deutsche Bank’s retail banking, private banking and wealth management business in India, the two...
Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings, the promoter of Jana Small Finance Bank (JSFB), will be looking to lower its stake to just below 10% from the 17% ownership at present to meet its payment obligations to bondholders such as TPG Asia...
VMS TMT board clears AUSL merger with company
Steel products manufacturer VMS TMT Ltd on Monday said its board has approved the merger of TMT bars maker Aditya Ultra Steel Ltd (AUSL) with the company. The proposed amalgamation will combine the manufacturing...
Wealth First Portfolio Managers to acquire 51% stake in Wealth First Advisors
Wealth First Portfolio Managers announced the acquisition of a controlling interest in a Mumbai-based firm, Wealth First Advisors (WFAPL), a wealth management and distribution firm, at an equity valuation of Rs 102.15...
Jagsonpal Pharma soars after inking pact to acquire majority stake in Aequitas
Jagsonpal Pharmaceuticals surged 9.79% to Rs 253.90 after the company entered into a definitive Agreement to acquire an 85% equity stake in Aequitas Healthcare (Aequitas), marking its entry into the hospital segment...
Honasa Consumer to buy 58% stake in Fluence Pharma at Rs 135-crore enterprise value
Mamaearth parent Honasa Consumer is acquiring a majority stake in Mumbai-based nutraceuticals brand Fluence Pharma at an enterprise value of ₹135 crore, according to a stock exchange filing. This marks the Gurugram...
Govt to sell up to 2% stake in IRFC via OFS; issue opens Wednesday
The government will launch its offer for sale (OFS) in Indian Railway Finance Corporation (IRFC) on Wednesday, opening the issue for non-retail investors as part of its ongoing disinvestment programme. Retail investors...
Rashi Peripherals surges after inking pact to acquire 67% stake in VDA
Rashi Peripherals rallied 5.62% to Rs 777.10 after the company entered into a definitive agreement to acquire a 67% stake in VDA Infosolutions (VDA) for a cash consideration of Rs 368.50 crore. VDA delivers a...
