Billionaire Gautam Adani–promoted Adani Enterprises Ltd on Monday submitted its resolution plan of over ₹15,000 crore for bankrupt Jaiprakash Associates Ltd (JAL) before the Allahabad Bench of the National Company Law...
Birlas exit Kesoram Industries
B K Birla group company Kesoram Industries saw a churn in ownership on Friday as Frontier Warehousing Limited moved to acquire a controlling stake, marking the exit of the Birla family from the company after demerging...
EQT Partners lines up $1 billion CitiusTech exit
EQT Partners is looking to raise nearly $1 billion (₹8,996 crore) by selling its entire 40% stake in CitiusTech, a global healthcare technology, analytics and consulting company, monetising its six-year-old investment...
NIIF to consider selling stake in smart power meter firm IntelliSmart
The National Investment and Infrastructure Fund is considering selling its 51% stake in IntelliSmart Infrastructure, according to people familiar with the matter. NIIF is working with an adviser and sounding out...
Biocon fully integrates Biocon Biologics in $5.5 billion deal
Indian biopharmaceutical company Biocon said on Saturday it would fully integrate its biosimilar unit Biocon Biologics as a wholly owned subsidiary, consolidating Biocon’s biosimilars and generics businesses under one...
Fintech firm Zaggle acquires Rio Money for Rs 22 crore; plans to invest Rs 75 crore post-acquisition
Fintech firm Zaggle, which offers spend management services, has acquired Rivpe Technology Private Limited (Rio.Money), a digital banking platform offering UPI-based payment solutions for Rs 22 crore, the company said...
Moglix acquires stake in NBFC Vanik for Rs 80 crore
Credlix, the lending subsidiary of Singapore-headquartered Moglix, an ecommerce portal for industrial goods, has invested Rs 80 crore in Vanik Finance for two-thirds stake in the Delhi-based non-banking finance company...
Govt may seek bids for $7 billion IDBI Bank stake this month
India is poised to seek bids for its $7.1 billion majority stake in IDBI Bank Ltd., a key step in its long-running effort to privatize the previously distressed lender and accelerate a divestment push. Talks with...
Udaan in talks to sell minority stake in its NBFC arm
Udaan has initiated a process to sell a minority stake in its non-banking financial entity as the business-to-business (B2B) e-commerce platform looks to monetize assets while navigating a broader restructuring...
Hindujas looking for strategic partner in IndusInd Bank, but will not dilute stake
The Hinduja Group has urged the government and the Reserve Bank of India to let private bank promoters hold stakes of up to 40% and align voting rights accordingly. Speaking to ET, Ashok Hinduja, chairman, IndusInd...
Wipro acquires HARMAN’s digital transformation solutions unit for $375 mn
IT services company Wipro’s $375-million acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit has been completed following regulatory nods, according to a release on Tuesday. The DTS...
Omnicom restructures India leadership team after merger with IPG
Global advertising giant Omnicom has unveiled a sweeping reorganisation of its business in India, retiring multiple agency brands and shuffling its leadership team, as part of a global restructuring following its merger...
