Diversified conglomerate ITC Ltd has signed definitive agreements to acquire a 100 per cent stake in Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for greater footprint in the Rs...
Board of Orient Technologies approves acquisition of majority stake in eProtect 360 Solutions
At meeting held on 06 February 2025 The Board of Orient Technologies at its meeting held on 06 February 2025 has granted in-principle approval for the acquisition of a 60% stake in eProtect 360 Solutions for a cash...
Board of Aurobindo Pharma approves acquisition of 26% stake in a solar energy company
At meeting held on 06 February 2025 The Board of Aurobindo Pharma at its meeting held on 06 February 2025 has approved to enter into a power purchase agreement with Swarnaaskshu Solar Power (Swarnaaskshu), a company...
Govt rethinking disinvestment plan? Finance Minister Nirmala Sitharaman sets the record straight
After presenting the Union Budget on February 1, Finance Minister Nirmala Sitharaman has revealed where the government’s priorities lies when it comes to disinvestment and privatisation plans. “On...
Oswal Greentech acquires additional 5% stake in OAML
Oswal Greentech announced that it has acquired a 4.97% stake in Oswal Agro Mills (OAML) by purchasing shares at a price of Rs 69 each, for a total consideration of Rs 46.17 crore. OAML is primarily engaged in the...
CCI clears deal involving two POSCO Group entities
The antitrust regulator has approved a POSCO Holdings subsidiary’s acquisition of the entire stake of LX International Corporation in another arm of the steel giant. The acquisition, analysts have said, is aimed at...
Three bidders in fray to acquire Morarjee Textiles
Ashok Piramal Group’s Morarjee Textiles has received three bids to take over the company in a court monitored bankruptcy process, people familiar with the details said. Morarjee owes creditors, led by Indian Bank...
Tata Power eyeing modular nuclear reactors, to divest $1 billion non-core assets: CEO
Tata Power is looking to diversify into the small modular nuclear reactor business besides divesting $1 billion of non-core international assets, said Praveer Sinha, CEO and managing director, on Tuesday. “We are...
Avendus Future Leaders Fund picks minority stake in La Renon for Rs 160 crore
Avendus Future Leaders Fund (FLF), the flagship private strategies fund of the Avendus Group, on Tuesday said it has taken a minority stake in Ahmedabad-based drugmaker La Renon Healthcare for Rs 160 crore. Avendus FLF...
Max Financial Services approves listing of Axis Max Life via merger
India’s Max Financial Services said on Tuesday it has approved the listing of its unit, Axis Max Life, by merging with the insurer. The move comes after the country’s insurance regulator sought a public...
JSW Steel, Jindal Steel, & Adani Natural Resources among 46 firms bidding for 20 coal blocks
JSW Steel, Jindal Steel and Power, Coal India’s arm Western Coalfields, Adani Natural Resources, and Damodar Valley Corporation are among the 46 companies that have bid for 20 coal blocks of the 27 offered under...
Indus to acquire 26% in Amplus Tungabhadra in Rs 27 cr all-cash deal
Indus Towers will acquire a 26% stake in Amplus Tungabhadra Pvt Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 27 crore, the telecom tower company informed...
