State-owned CIL on Friday said it will invest a little over Rs 1,067 crore in Talcher Fertilizers Ltd by way of acquiring shares through rights issue. Talcher Fertilizers Ltd was incorporated in 2015 as a joint venture...
Asian Paints acquires 40% stake in White Teak
Asian Paints said that it has acquired balanced 40% stake in Obgenix Software (White Teak) from its promoters, Pawan Mehta, Gagan Mehta for total consideration of Rs 188 crore. The acquisition of the remaining stake in...
Adani arm buys Granthik Realtors for Rs 86 cr to boost infra development plans
AdaniConneX Pvt Ltd, a joint venture of Adani Enterprises Ltd (AEL), has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore, the company informed stock exchanges on Friday. The acquisition, completed...
JSW Paints to buy Akzo Nobel India for Rs 9000 cr, announcement today
JSW Paints has agreed to acquire Akzo Nobel’s India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic...
Bhushan Power liquidation will hurt all stakeholders, JSW Steel and lenders tell SC
JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the...
PB Fintech founders sell over 1% stake for Rs 920 crore
New Delhi, PB Fintech’s co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech’s chief executive...
GMR Hyderabad International Airport acquires 70% stake in Logistics Park
GMR Airports Ltd on Thursday said its subsidiary GMR Hyderabad International Airport Ltd has completed the acquisition of 70 per cent stake in its associate company — ESR GMR Logistics Park Pvt Ltd. GMR Hyderabad...
Unilever’s demerged ice cream entity to acquire 61.9 pc stake in Kwality Wall’s
Global FMCG major Unilever on Wednesday said Magnum HoldCo will acquire 61.9 per cent of Kwality Wall’s (India) Ltd. Magnum HoldCo is the holding firm within the new firm formed by the demerger of the ice cream...
GACM Technologies to acquire 30% stake in AI edtech firm WeXL
GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday. “The projected valuation...
JAL insolvency: Five firms submit bids to acquire bankrupt firm
Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through the insolvency process. In a regulatory filing, Jaiprakash Associates Ltd...
Edelweiss Infra fund eyes exit from solar asset venture with Engie
Edelweiss Infrastructure Yield Plus (EIYP), a fund managed by the Edelweiss Group, is planning to sell its entire 74% stake in the 1.2 GW solar platform it co-owns with French utility Engie and has mandated Standard...
Adani Total Gas, Reliance’s Jio-bp partner to offer each other’s fuels in select outlets
Billionaires Mukesh Ambani and Gautam Adani have partnered to sell transportation fuels using their respective groups’ retail stations across India, bolstering their distribution network in India’s fast-growing...
