Insurance behemoth LIC on Monday said it has increased its stake in state-owned Bank of Baroda (BoB) by nearly 2 per cent to 7.05 per cent. The life insurance company has acquired additional 10.45 crore shares from open...
Devyani Intl jumps as board plans to acquire Biryani By Kilo
Devyani International rallied 5.20% to Rs 174 after the company announced that its board will meet on Thursday, 20 April 2025, to consider acquiring majority stake in Sky Gate Hospitality, which operates restaurants...
PFC, IREDA mull sale of Gensol EVs to secure loans
Power Finance Corp. (PFC) and Indian Renewable Energy Development Agency (IREDA) are considering a plan to auction the electric vehicles (EVs) that financially troubled Gensol acquired by taking loans from the two...
Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal
Logistic firm Delhivery Ltd and Ecom Express have sought the Competition Commission of India’s approval for their Rs 1,400-crore deal. Under the deal announced on April 5, Delhivery will acquire a controlling...
ITC increases its stake in Mother Sparsh to 49%, plans to complete acquisition by Q1 FY27
Diversified conglomerate ITC on Saturday announced that it will invest an additional Rs 81 crore in Mother Sparsh, increasing its stake in the Indian baby care brand from 26.5% to 49.3%. The investment will be made by...
NIIT to acquire remaining shares of IFBI, make it wholly-owned arm
NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing...
Aster DM Healthcare gets CCI go – ahead for merger with Quality Care India
Bengaluru-based hospital chain Aster DM Healthcare on Friday said it has got the green light from the Competition Commission of India (CCI) to complete its merger with Blackstone-backed Quality Care India. The company...
Shriniwas Spintex wins bid for Morarjee Textiles
Wardha-based Shriniwas Spintex Industries has been declared as the winning bidder to take over Ashok Piramal Group’s Morarjee Textiles, with a ₹156 crore offer against the total admitted pending debt claims of...
ITC to acquire Sresta Natural Bioproducts for Rs 472.5 crore
ITC Ltd is acquiring Sresta Natural Bioproducts, which owns the organic packaged staples brand ‘24 Mantra Organic’, for Rs 472.5 crore in an all-cash deal. The company will make an upfront payment of Rs 400 crore and...
Infosys to acquire MRE Consulting for $36 million in all-cash deal
Infosys on Thursday announced a definitive agreement to acquire technology and business consulting firm MRE Consulting for $36 million (about Rs 307.4 crore) in an all-cash deal. The IT firm will acquire the consultancy...
NIIT acquires Coimbatore-based deep skilling training provider iamneo
Skills and talent development corporation NIIT has acquired a 70 per cent stake in iamneo, a deep skilling technology training solutions provider, for a consideration of ₹61.3 crore. “The consideration includes a...
Alkem Labs’ subsidiary concludes acquisition of 100% stake in Bombay Ortho
Alkem Laboratories said that its wholly owned subsidiary Alkem Medtech has completed the acquisition of 100% stake of Bombay Ortho Industries. In February this year, Alkem Medtech had executed a binding offer outlining...
