ONGC NTPC Green Pvt Ltd (ONGPL) has completed the acquisition of 100 per cent equity stake in Ayana Renewable Power for Rs 6,248.50 crore. ONGPL is a 50:50 joint venture of NTPC Green Energy Ltd (NGEL) and ONGC Green...
Reliance Industries transfers 100% stake in projects & property arm to Reliance Retail
Reliance Industries on Friday transferred its entire 100% stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Reliance Retail. With this transfer, RPPMSL has ceased to be a wholly owned...
NCLT orders status quo on Aakash Institute shareholding amid legal dispute
The National Company Law Tribunal (NCLT) on Thursday ordered that the status quo on the shareholding of Aakash Institute be maintained. The tribunal was hearing a matter related to the amendment of the articles of...
Federal Bank signs pact to acquire additional 4 pc stake in Ageas Federal Life Insurance
Federal Bank on Friday said it has signed an agreement to acquire an additional 4 per cent stake in Ageas Federal Life Insurance Co Ltd (AFLIC) from Ageas Insurance International. In a BSE filing, Federal Bank said it...
Vedanta Group submits expression of interest to acquire Jaiprakash Associates through insolvency
Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement...
CIEL HR Group acquires Vibrant Screen to strengthen its HR solutions portfolio
Technology-led HR solutions company CIEL HR has acquired Vibrant Screen, a provider of background verification solutions, the company said in a statement on Friday. With over 24 years of expertise, VSPL offers a...
Laurus Labs to acquire 26% stakes in Kurnool Renewables for Rs 35 cr
Laurus Labs has announced that its board has approved the acquisition of up to 26% of the share capital in Kurnool Renewables, a special purpose vehicle (SPV) and subsidiary of Ecoren Energy India (Ecoren), with an...
Zydus Life extends timeline for Sterling Biotech API business acquisition
Zydus Lifesciences has announced an extension of the closing date for its acquisition of the active pharmaceutical ingredient (API) business of Sterling Biotech Limited (SBL). The transaction, which was initially...
Authum Investment receives RBI nod to acquire SIDBI’s ARC biz
Authum Investment and Infrastructure Ltd has secured the approval of the Reserve Bank of India (RBI) to acquire a 79.28% stake in India SME Asset Reconstruction Co. Ltd (ISARC), a SIDBI-sponsored asset reconstruction...
Adani Energy acquires Mahan Transmission
Adani Energy Solution Ltd, the electricity transmission unit of the billionaire Gautam Adani-run conglomerate, on Thursday announced the acquisition of intra-state transmission project Mahan Transmission Ltd. In a stock...
Zaggle to acquire majority stake in PoS software firm Effiasoft for Rs 36.7 crore
Prepaid payments company Zaggle has acquired a 45.3% stake in point of sales (PoS) software company Effiasoft for Rs 36.7 crore, the company said in a stock exchange filing today. Additionally, the Hyderabad-based...
VIP promoter revives stake sale talks, hires new banker; Advent frontrunner
VIP Industries Ltd promoter Dilip Piramal has revived stake sale plans, almost six months after talks to sell control of the listed luggage and travel accessories maker fell through, four people with knowledge of the...
