The due diligence of qualified bidders for IDBI Bank, which is up for privatisation, is underway, Minister of State for Finance Pankaj Chaudhary said on Monday. The government, along with LIC, is selling nearly 61 per...
Chalet Hotels to buy Westin Resort in Rishikesh for Rs 530 crore
Chalet Hotels said on Monday it has received the approval of the board of directors for the acquisition of Mahananda Spa and Resorts, the owning company of The Westin Resort and Spa, Himalayas in Rishikesh. It said it...
SC clears Equinox-Embassy merger, paving way for real estate consolidation
The Supreme Court of India on Monday dismissed an appeal challenging the merger of Equinox India Developments—formerly Indiabulls Real Estate Ltd.—with Embassy Group, effectively clearing the final legal hurdle for the...
Veefin Solutions to acquire 49% stake in digital marketing firm White Rivers Media
Veefin Solutions said that the company, through its subsidiary Infini Systems, would acquire up to 49%, consisting of 4,900 equity shares, in White Rivers Media Solutions for a consideration of Rs 166.6 crore. White...
NCLT recalls insolvency order against Logix Infra, cites ‘fraudulent and mala fide’ intentions
In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide...
Cube Highways InvIT buys 2 road assets of NIIF
Cube Highways Trust, the InvIT managed by Cube Highways Fund Advisors, has acquired 2 road assets from the Government owned National Investment and Infrastructure Fund Limited (NIIF), according to a Cube Highways...
Alkem Laboratories makes twin acquisitions
Alkem Laboratories Ltd has announced the acquisition of Adroit Biomed, a dermatology and cosmetology-focused company, and Bombay Ortho Industries, a medical technology firm, in two separate deals. The acquisitions will...
Perfios acquires fraud detection platform Clari5
Perfios, a provider of software services to banks and other financial services companies, acquired CustomerXPs, which operates fraud detection platform Clari5. Perfios did not disclose any financial terms. Perfios chief...
Phenom acquires EDGE, strengthening its AI-powered resource planning solutions for the GCC market
Phenom, an AI company specializing in HR has acquired EDGE, a resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom’s workforce intelligence solutions for...
Escrow deadlock stalls Reliance Capital deal, IIHL seeks NCLT guidance
A deadlock over escrow agreements between Anil Ambani-promoted Reliance Capital’s creditors and IndusInd International Holdings Ltd (IIHL) lenders has stalled the final Rs 4,300-crore funding required to complete the...
Agro Tech completes acquisition of Del Monte
Agro Tech Foods Limited (ATFL) has completed its acquisition of Del Monte Foods Pvt Ltd (DMFPL), it said in a stock exchange filing Thursday. ATFL and DMFPL had a combined turnover of Rs 1,300 crore in FY24, about 40%...
Indus Towers to acquire telecom sites of Airtel, Hexacom for Rs 3,309 cr
Telecom infrastructure firm Indus Towers will acquire mobile sites of its parent firm Bharti Airtel and sister concern Bharti Hexacom for Rs 3,308.7 crore, the company said in a regulatory filing. The boards of Bharti...
