Sun Pharmaceutical Industries said that it has entered into an agreement to acquire 100% of the outstanding shares of Innovcare Lifesciences for a total consideration of Rs 271.2 crore. Innovcare Lifesciences is engaged...
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Straive Acquires NextGen Invent to Boost Data & AI Operationalization Capabilities
Straive, a global leader in Data & AI operationalization, today announced its acquisition of NextGen Invent, an AI engineering and enterprise services provider. NextGen Invent combines data and AI engineering with...
Sun Pharma adds Innovcare to its fold in Rs 271.2 crore all-cash transaction
Sun Pharmaceutical Industries Ltd will acquire Mumbai-based Innovcare Lifesciences Private Ltd for about $28.7 million (around Rs 271.2 crore) in an all-cash deal, as India’s largest drugmaker looks to strengthen...
Forever Global Enterprises acquires Dhampur Bio Organics’ Meerganj facility for INR 305 crores, marking entry into Uttar Pradesh’s sugar sector
Forever Global Enterprises Limited (FGEL) announced the successful completion of its acquisition of the Meerganj unit of Dhampur Bio Organics Limited (NSE: DBOL). The deal was made on a slump sale basis as a going...
Tata Power receives LoI for acquisition of transmission project SPV Ryapte Power
Tata Power Company said that it has received a letter of intent (LoI) from REC Power Development and Consultancy for the acquisition of Ryapte Power Transmission, a project special purpose vehicle (SPV). The project SPV...
Yatra Online gains on report of potential stake sale to Ixigo; BSE seeks clarification
Shares of Yatra Online rose 2.20% to Rs 113.57 on Friday after a media report said online travel platform Ixigo is evaluating the acquisition of a 15-20% stake in the company from its promoters. Meanwhile, shares of Le...
Wipro to buy 20% stake more in Aggne Global for $2 million
IT services major Wipro on Thursday said it will acquire an additional 20% stake in Aggne Global IT Services Private Limited for $2.1 million (about Rs 19.8 crore). Following the latest transaction, Wipro’s...
India is said to weigh another mega merger, hike in FDI limit for public sector banks
The Union finance ministry may ask a new banking reforms committee to consider proposals to merge 12 state-run lenders into five and raise their foreign investment cap to 49%, three people aware of the discussions said...
Centre to raise ₹13,000 cr via OFS in three state-run banks
The government plans to raise around ₹13,000 crore through an offer for sale in Punjab & Sind Bank, UCO Bank and Indian Overseas Bank to meet the minimum public shareholding norms prescribed by the Securities and...
Manipal Hospitals is said to plan $1 billion IPO in July
Manipal Health Enterprises Pvt., which runs the Manipal Hospitals chain, is likely to launch its initial public offering as early as next month, according to people familiar with the matter. The Temasek Holdings Pte...
Himalia Prime Assets acquires eco-resort near Bengaluru
Himalia Prime Assets, an asset development and management platform, has acquired Our Native Village– a sustainability-driven eco-resort on the outskirts of Bengaluru for Rs 25 crore. Spread across 4.65 acres, Our Native...
Govt sells 5% GIC stake; FY27 disinvestment haul tops ₹16,000 crore
The government on Wednesday said it has sold a five per cent stake in the public sector reinsurance company, the General Insurance Corporation of India (GIC), with an enthusiastic response from investors to the offer...
