Yashish Dahiya and Alok Bansal, founders of Policybazaar parent PB Fintech, together sold a 0.8% stake in the company for Rs 665 crore, according to information disclosed on the National Stock Exchange. Dahiya, chairman...
National News
Yatra founders explore stake sale as consolidation buzz swirls in online travel
Travel portal Yatra Online’s founders have opened discussions to sell a controlling stake with feelers having been sent to competitors and other potential buyers, people aware of the development said. The...
IndiGo approves $450 million plan to acquire aircraft, engines
InterGlobe Aviation, the parent company of IndiGo, announced on Friday that it has approved a plan to deploy up to $450 million to support the acquisition of aircraft, engines and other aviation assets, as the airline...
IDBI Bank stake sale back on table; Centre explores revival options
The Centre is exploring ways to revive the stalled privatisation of IDBI Bank, people familiar with the matter told ET. The choices include examining whether earlier rejected bids, from Prem Watsa-led Fairfax Financial...
InvITs industry pushes for easier M&A rules to boost investor interest
The InvITs industry with ₹7 lakh crore of assets under management is seeking M&A-friendly guidelines from regulators for the asset class to be able to attract more investors, several industry executives said. Their...
Anushka Sharma acquires minor stake in footwear and apparel brand Agilitas Sports
Film actor-producer Anushka Sharma has acquired a minor stake in Agilitas Sports, which makes and retails sports footwear and apparel. Sharma’s husband, cricketer Virat Kohli, is already a co-investor in Agilitas...
Policybazaar parent PB Fintech promoters plan stake sale worth ₹654 crore
Promoters of PB Fintech, the parent company of Policybazaar, are set to offload shares worth up to ₹654 crore through a block deal on Thursday, according to a term sheet seen by Business Standard. The proposed...
True North buys 25% stake in pharma co Embio
Homegrown private equity firm True North will acquire a minority stake in Embio Ltd, a regulated markets-focused manufacturer of Active Pharmaceutical Ingredients (APIs), True North announced on Wednesday. According to...
Govt plans up to 2% LIC stake sale, may raise Rs 10,000 crore
The government is considering a fresh stake sale in Life Insurance Corporation of India (LIC) that could raise as much as Rs 10,000 crore, as New Delhi looks to deepen public shareholding in the country’s largest...
Government okays Skymap Pharmaceuticals’ Rs 121-cr bid to buy IMPCL
The government has approved strategic sale of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) to Skymap Pharmaceuticals Pvt Ltd for over Rs 121 crore, the finance ministry said on Tuesday. The government had...
CCI clears Mercuria-Tata International JV, approves Indovida-EPL merger
The Competition Commission of India (CCI) on Tuesday said it has cleared a proposed joint venture between Mercuria Energy Netherlands BV and Tata International Singapore (Pte), and the merger of Indovida India into EPL...
Govt to sell up to 2% stake in Coal India via OFS from Wednesday
The government will sell up to 2 per cent stake in Coal India through an offer for sale at a floor price of ₹412 apiece beginning Wednesday. The sale of up to 2 per cent stake or about 12.32 crore shares at ₹412 apiece...
