USV Pharma has emerged as the frontrunner for acquiring an 85% stake in Wellbeing Nutrition, valuing the direct-to-consumer supplements brand at about Rs 1,600 crore, said people familiar with the discussions. The...
Canara Bank invites bids to sell ₹577-cr Supreme Housing loan
Canara Bank has invited offers from financial institutions and asset reconstruction companies (ARCs) to sell its ₹577 crore debt of real estate company Supreme Housing and Hospitality at a reserve price of ₹500 crore...
RBI clears ICICI Prudential to buy 9.95% stake in IDFC First Bank
IDFC FIRST Bank Limited on Wednesday informed the exchanges that it has received regulatory approval from the Reserve Bank of India (RBI) permitting ICICI Prudential Asset Management Company Limited, along with entities...
PFC-REC merger may take a ‘preferential’ route to keep government company tag
The proposed union of Power Finance Corp (PFC) and REC could include a preferential allotment of shares to the Centre as part of the merger scheme, to ensure the combined entity can retain its government company tag...
Norwest-backed SILA buys SMS Integrated Facility Services in Rs 270 crore deal
Norwest Venture Partners-backed real estate and business services platform SILA has acquired a 100% stake in SMS Integrated Facility Services from private equity firm Samara Capital in an all-cash transaction valued at...
Happiest Minds’ Ashok Soota shrugs off stake sale reports
Happiest Minds’ founder and chairman Ashok Soota said on Tuesday that he was “very much in charge” at the mid-cap IT firm, amid media reports that he was exploring a stake sale. “There is nothing more important than the...
Chili’s Grill & Bar operator in talks to sell minority stake at ₹800 crore valuation
Trimex Foods, which operates global cafe and restaurant brands Chili’s Grill & Bar, Cinnabon and Paul Bakery in India, has mandated EY to sell a minority stake, people aware of the development said. They are in...
Govt launches OFS to divest up to 5% in BHEL
The government has launched an Offer for Sale (OFS) to sell up to a 5% stake in Bharat Heavy Electricals (BHEL). Under the offer, the Centre will first sell a 3% stake, with an option to sell an additional 2% if the...
Reliance Consumer Products acquires health foods maker Southern Health
Reliance Consumer Products Ltd (RCPL), an arm of Reliance Industries, has acquired Southern Health Foods, a leading Tamil-Nadu-based maker of health foods, housing the brand “Manna”. The acquisition amount has not been...
Ajanta may raise Rs 2,000 crore to buy Restaurant Brands Asia
Ajanta Pharma’s promoters are exploring financing options of up to ₹2,000 crore to fund the acquisition of a controlling stake in Restaurant Brands Asia, the India and Indonesia franchisee of Burger King, in a...
Actis ‘Sprngs’ a surprise, enters race to re-acquire co from Shell
Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch energy major in 2022, said people with...
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal’s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its...
