ITC Ltd has sought the CCI’s approval to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. “The proposed transaction refers to the sale of the target business...
NCLAT sets aside plea against Nuvoco Vistas bid for Vadraj Cement
Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma Group’s cement business Nuvoco Vistas Corporation during an insolvency resolution process. The Delhi-based...
Foseco India inks deal to acquire 75% stake in Morganite Crucible (India)
Foseco India has executed a definitive agreement to acquire a 75% stake in Morganite Crucible (India) (MCIL), from its current promoters viz. Morganite Crucible and Morgan Terrassen B.V., part of the Morgan Group of...
Neo Infra Income Opportunities Fund buys SolarArise in ₹1,400 cr deal
Neo Group’s flagship infrastructure fund, Neo Infra Income Opportunities Fund (NIIOF), has bought SolarArise India Projects Pvt. Ltd from the London Stock Exchange-listed ThomasLloyd Energy Impact Trust for an...
Reliance Infra to sell Pune Satara toll road project to Cube Highways and Infrastructure III for Rs 2000 c
Cube Highways and Infrastructure III Pte Ltd. (Cube Highways), a Singapore-based company, will acquire a 100% stake in Reliance Infrastructure Limited’s (Reliance Infra) Pune Satara Toll Road (PSTR) project, Reliance...
Centrum Capital signs agreement to sell Affordable Housing Finance Business to Weaver Services
Centrum Capital Limited has signed an agreement to divest its full stake in Centrum Housing Finance Ltd. (CHFL), its affordable housing finance business, to Weaver Services, a new age Housing finance company. The...
Oswal Greentech acquires 5% stake in Oswal Agro Mills
Oswal Greentech announced that it has acquired 4.99% stake in Oswal Agro Mills (OAML) for a total consideration of Rs 50.91 crore. OAML is primarily engaged in the business of trading/ development of real estate...
IDBI stake sale likely to be completed this fiscal: DIPAM secy
DIPAM Secretary Arunish Chawla on Thursday expressed hope of completing the IDBI stake sale this fiscal, as the qualified bidders have nearly completed their due diligence process. Speaking to the media at the sidelines...
Wipro buys HARMAN’s DTS business unit
Wipro Limited, the technology services and consulting company, will acquire the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, Wipro said on Thursday. The $375 million (Rs 3,270...
Enviro Infra shares gain 5% as unit acquires Vento Power for ₹115.6 crore
Shares of Enviro Infra Engineers Ltd. rose over 5 per cent on Friday after its subsidiary acquired Vento Power Infra Pvt. Ltd. from PTC India Financial Services Ltd. for ₹115.6 crore. The water supply and management...
R Systems Intl sizzles after inking pact to acquire Novigo Solutions
R Systems International surged 11.54% to Rs 472.75 after the company has entered into a definitive agreement to acquire Novigo Solutions, strengthening its product engineering and full-stack agentic-AI capabilities...
UltraTech Cement to sell up to 6.5% stake in India Cements
UltraTech Cement is set to offload 6.49% stake in its unit India Cements via an open market offer for sale, the Committee of Directors and Officers approved on Wednesday. Aditya Birla-owned UltraTech Cement, which took...
