Fair trade regulator CCI on Tuesday approved Chennai-based TVS Group entities’ proposal to acquire PGIM’s India asset management business and also cleared Temasek’s investment in medical devices maker...
National News
CCI approves Kedaara Capital’s Rs 750 crore stake purchase proposal in Axis Finance
The Competition Commission of India on Tuesday approved private equity firm Kedaara Capital’s proposal to acquire a stake in Axis Finance for Rs 750 crore. Axis Finance Limited (AFL) is a non-banking financial...
Devyani International, Sapphire Foods rally up to 9% on merger approval
Shares of Devyani International Limited (DIL) and Sapphire Foods jumped as much as 9 per cent in trade on Tuesday after the exchanges BSE and NSE granted no objection and no adverse observations to the composite scheme...
Mahindra Holidays & Resorts India acquires 100% stake in Aditatva Estates
Mahindra & Mahindra announced that its subsidiary Mahindra Holidays & Resorts India (MHRIL) has completed the acquisition of 100% equity stake in Aditatva Estates (Aditatva) on 15 June 2026, for an aggregate...
Govt to sell up to 5% stake in insurer GIC via OFS
The Indian government plans to sell up to a 5% stake in General Insurance Corporation (GIC) via an offer for sale (OFS), the state-run insurer said on Monday. Here are more details: * The OFS includes a base offer of...
India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
India’s HCLTech said on Monday it will acquire a 10.5% stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic...
JSW Energy acquires MCCPL to strengthen thermal portfolio
JSW Energy Limited has signed a definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire 100% equity shares of Maruti Clean Coal & Power Limited (MCCPL), making...
Meesho to buy Kirana Club for Rs 202 crore, eyes deeper retail play
Meesho will acquire business-to-business (B2B) grocery marketplace Kirana Club for Rs 202 crore in cash, marking the ecommerce company’s push into the kirana and small retailer network beyond its core consumer...
Cupid Breweries to acquire United Spirits’ alcobev unit in Odisha for Rs 22.5 crore
Cupid Breweries and Distilleries has announced it will acquire an operational alcoholic beverage manufacturing unit from Diageo-controlled United Spirits Ltd (USL) in Odisha for Rs 22.5 crore as part of its expansion...
DOMS jumps 6% on acquisition of Reynolds brand assets for $3.7 million
DOMS Industries shares jumped 5.8 per cent on BSE, logging an intraday high at ₹2,245.7 per share. At 11:49 AM, DOMS Industries’ share price pared some gains, but was up 4.8 per cent at ₹2,223.1 per share. In...
Pine Labs concludes acquisition of 100% stake in Shopflo Technologies
Pine Labs said that it has completed the acquisition of 100% stake in Shopflo Technologies by way of the purchase of shares from the existing shareholders of Shopflo. The company’s board has approved this...
President Murmu approves merger of REC with Power Finance Corporation
The President has approved the merger of REC Ltd with Power Finance Corporation, nearly seven years after PFC acquired the government’s majority stake in REC. In March 2019, state-owned PFC completed the...
