JM Financial on Tuesday said it has acquired the remaining 2.98 per cent stake in its material subsidiary JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP, making the lending arm a wholly-owned...
Competition Commission clears Coromandel International’s stake purchase in NACL Industries
Fair trade regulator CCI on Tuesday cleared Murugappa Group firm Coromandel International’s proposal to acquire a stake in NACL Industries. NACL, a listed entity, operates in the agro chemical sector. It offers...
Saraswat seeks RBI approval to acquire New India Cooperative Bank
India’s largest cooperative bank, Saraswat Cooperative Bank, has sought central bank approval to acquire New India Cooperative Bank Ltd, a senior management official stated on Tuesday. If the Reserve Bank of India...
PDS arm inks pact to acquire 60% stake in GSC Link
PDS said that its step-down wholly owned subsidiary, PDS Sourcing has entered into share subscription agreement to acquire 60% stake in GSC Link (GSCL) for total consideration of Rs 10.25 crore ($1.20 million). GSCL is...
Adani group acquires 85% stake in MRO firm Air Works for ₹400 crore
Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1 per cent stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies...
Torrent Pharma set to finalise JB Chemicals buyout in 15-18 months
Ahmedabad-based drug maker Torrent Pharmaceuticals will complete its acquisition of JB Chemicals & Pharmaceuticals in the next 15-18 months subject to key regulatory approvals, a top company executive said in an...
Inox Neo Energies acquires Skypower Solar India
Inox Clean Energy on Monday said its arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India for an enterprise value of Rs 265 crore. Skypower Solar India has a portfolio comprising 50 MW (AC)/ 57...
Apollo Hospitals to spin off digi health, pharmacy business
Apollo Hospitals Enterprises (AHEL), the country’s largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24×7...
Torrent Pharma to acquire JB Chemicals at Rs 25,689 crore valuation
Ahmedabad-based drugmaker Torrent Pharma has agreed to buy a controlling stake in JB Chemicals from global private equity firm KKR at an equity valuation of Rs 25,689 crore ($3 billion). The deal, which will see a...
Manipal Health Enterprises leads race to buy Sahyadri Hospitals with Rs 6,838 crore bid
IPO-bound Manipal Health Enterprises is leading the race to acquire Sahyadri Hospitals with a Rs 6,838 crore ($800 million) bid, people familiar with the matter said. It is trailed closely by Blackstone, they said...
TPG-owned digital engineering company Altimetrik to acquire SLK Software for $600 million
Altimetrik, a pure-play artificial intelligence (AI), data, and digital engineering solutions company, will acquire SLK Software, a global technology services firm focused on delivering AI, intelligence automation, and...
Torrent Pharma closes in on JB Chem likely for $2.4 bn buyout, eyes $1.6 billion financing
Torrent Pharma is in advanced discussions with private equity group KKR to buy JB Chemicals and Pharmaceuticals, almost 10 months after their initial discussions fell through, said multiple people aware. KKR the...
