Swiss private equity major Partners Group is all set to acquire a majority stake in Infinity Fincorp Solutions, a Mumbai-based non-banking financial company (NBFC) focused on micro-loans against property, according to...
USL to acquire majority stake in Nao Spirits
Diageo India (United Spirits Limited), on Thursday said it is acquiring a majority controlling stake in Nao Spirits at an enterprise value of Rs130 crore. Three years ago, Diageo bought a 22.5% stake in Nao, which makes...
Adani Power’s proposal to acquire Vidarbha Industries Power’s approved by NCLT
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved Adani Power Ltd’s acquisition of Vidarbha Industries Power Ltd. Before the tribunal’s nod, the secured creditors of the company approved...
Insurtech firm Renewbuy bags $10 million from Apis, 360 One
Insurance broking startup Renewbuy has secured $10 million (about Rs 86 crore) in a funding round from existing investors, London-based Apis Partners and 360 One (previously IIFL Wealth), according to people with...
Reliance, Havells in race to acquire majority control in Whirlpool India
Reliance Retail and appliance maker Havells India have entered the race to buy a majority stake in Whirlpool of India Ltd, the listed subsidiary that contributes the bulk of Whirlpool Corporation’s Asian revenue...
Straive Acquires SG Analytics to Bolster Data Analytics & AI Operationalization Capabilities
Straive, a global leader in Data, Analytics, and AI Operationalization, today announced its acquisition of SG Analytics, a leading provider of AI-powered Insights and contextual analytics services. Founded in 2007, SG...
Crisil acquires minority stake in Online PSB Loans Ltd for ₹33 crore
Crisil, the provider of ratings, data, research, analytics and solutions, has invested Rs 33.25 crore to acquire a minority stake in Online PSB Loans Ltd (OPL). In December 2024, Crisil announced its intention to invest...
United Spirits to buy out Greater Than gin maker Nao Spirits in a ₹110 cr deal
United Spirits Ltd (USL), the Indian arm of global liquor major Diageo Plc, is acquiring homegrown craft spirits maker Nao Spirits & Beverages Pvt. Ltd in a deal valued at about ₹110 crore, it said in a stock...
Jio Financial acquires SBI’s full stake in JPBL for ₹104.54 crore
Jio Financial Services on Wednesday announced that it has acquired 79,080,000 equity shares of Jio Payments Bank (JPBL) from the State Bank of India (SBI) for ₹104.54 crore. Consequent to this acquisition, JPBL has...
CCI clears Delhivery’s ₹1,400 crore acquisition of Ecom Express stake
Fair trade regulator CCI on Tuesday cleared logistics services provider Delhivery’s proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore. “The proposed combination comprises the...
Vedanta divests 1.6% stake in subsidiary company Hindustan Zinc for ₹3,028 crore
Mining and metals major Vedanta confirms paring stake in subsidiary Hindustan Zinc on Wednesday, June 18, in a bid to deleverage and strengthen its balance sheet. Several media reports yesterday indicated that Vedanta...
PNB sells entire 21% stake in ISARC for Rs 34 crore
State-owned Punjab National Bank said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore. In March, the Reserve Bank of India had granted approval for...
