India Grid Trust (IndiGrid), the country’s first infrastructure investment trust (InvIT), plans to raise about ₹ 4,200 crore to acquire electricity transmission assets, solar power plants and to refinance its existing...
SpiceJet faces fresh insolvency plea amid mounting legal battles
Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard...
HUL buying 14.3% stake in recycled plastics company Lucro
Hindustan Unilever (HUL) on Thursday said it is acquiring a 14.3% stake in Lucro Plastecycle, a recycled flexible plastics maker, as part of its sustainability goals and to scale up the use of recycled content in...
Hero acquires stake in Euler
The country’s largest two-wheeler maker Hero MotoCorp Thursday said it will make a strategic investment of Rs 525 crore in electric three-wheeled commercial vehicle maker Euler Motors. The investment, to be made in one...
PTC India divests stake in PTC Energy to ONGC Green
PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore...
CCI cleared seven M&A deals in media sector over past five years: I&B ministry
The Competition Commission of India (CCI) approved seven M&A deals in the media and entertainment sector over the past five years while ensuring competition safeguards, Minister of State for Information and...
Oberoi Realty to sell 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 crore
Realty developer Oberoi Realty has entered into agreement with global investment firm Alpha Wave Ventures II, LP to sell 21.74% stake in its joint venture company, I-Ven Realty for Rs 1,250 crore. This marks one of the...
Private Search Engine “Retifo” acquired by Zordo Technologies
Retifo is a cutting-edge private search engine designed to prioritize user privacy and security in the ever-evolving digital landscape. In contrast to most common search engines that tend to follow and secure...
PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum
PayU, the payment and fintech arm of Amsterdam-based investment firm Prosus, has acquired a 43.5% stake in Mumbai-based Mindgate Solutions for an undisclosed sum. Founders of Mindgate, which offers real-time payment...
Liqvd Asia acquires AdLift for ₹50 crore to strengthen digital marketing play
Digital-first advertising agency Liqvd Asia has acquired performance marketing and SEO agency AdLift for ₹50 crore in a two-phase deal, structured in two parts with a maximum 18-month gap between the tranches. The...
Adani Ent rides AI wave, hikes stake by 23% to complete 100% acquisition of Parserlabs India
Adani Enterprises completed the acquisition of Parserlabs India on Thursday, March 20, after Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, acquired the remaining 22.5 per cent stake in the...
Radha Smelters receives NCLT’s nod to acquire GVK Gautami Power
The National Company Law Tribunal (NCLT) has approved steel manufacturer Radha Smelters Pvt Ltd’s resolution plan to acquire GVK Gautami Power Ltd through the insolvency resolution process. The Hyderabad-based TMT...
