GV Prasad, co-chairman and managing director, Dr Reddy’s Laboratories, says large mergers and acquisitions in the Indian pharmaceutical market are unlikely in the near future due to various uncertainties. With...
Times Music buys Indian regional record labels symphony, ARC
Times Music, a subsidiary of The Times Group, has acquired Indian regional record labels Symphony Recording Co and ARC Musicq. These mark the company’s first acquisitions since its 2023 partnership with Primary...
Patanjali Ayurveda forays into insurance sector, acquires majority stake in Magma General Insurance
Yoga Guru Ramdev-led Patanjali Ayurved and Rajnigandha maker Dharampal Satyapal Group (DS Group) will acquire Magma General Insurance from Sanoti Properties LLP at a valuation of Rs 4,500 crore, a company statement said...
Snapdeal founders Kunal Bahl and Rohit Bansal increase stake in Unicommerce Esolutions
Kunal Bahl and Rohit Bansal, founders of Snapdeal and early-stage venture capital firm Titan Capital, have increased their shareholding in ecommerce software company Unicommerce Esolutions by acquiring additional shares...
Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE...
Murugappa group’s Coromandel International buys controlling stake in Nagarjuna Agrichem
Murugappa Group’s Coromandel International said it has bought a controlling stake in Nagarjuna Agrichem, a producer of active ingredients for crop protection chemicals. ET was the first to report about the deal...
JSW Energy arm acquires 100% stake in Virya Infrapower for Rs 8 cr
JSW Energy announced that its wholly-owned subsidiary, JSW Neo Energy has entered into a share purchase agreement and acquired 100% shares of Virya Infrapower Virya Infrapower is engaged in the business of development...
NCLT gives all parties 8 days to complete procedural issues for ownership transfer of RCAP to IIHL
The National Company Law Tribunal (NCLT) on Wednesday gave additional eight days to all parties to complete procedural issues for the ownership transfer of debt-ridden Reliance Capital (RCAP) to IndusInd International...
NCLT approves merger of Dalmia Cement’s North East arm with Vinay Cement
Dalmia Bharat Limited on Thursday said that the National Company Law Tribunal (NCLT), Guwahati Bench, has approved a Scheme of Arrangement involving Dalmia Cement (North East) Limited and Vinay Cement Limited. The...
Govt not privatising telecom firms BSNL, MTNL, says Union MoS Pemmasani Chandra Sekhar
India is not privatising telecom firms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), deputy Communications Minister Pemmasani Chandra Sekhar said in reply to a parliament question on...
JSW Energy shares in focus as subsidiary acquires Virya Infrapower
The shares of JSW Energy will remain in focus on Thursday, March 13, after the company’s subsidiary JSW Neo Energy has entered into a share purchase agreement (SPA) for a 100% stake acquisition of Virya Infrapower...
Coromandel International shares in focus on acquiring 53% stake in NACL for Rs 820 crore
Shares of Coromandel International will be in focus on Thursday after the company acquired a majority 53% stake in agrochemical firm NACL Industries Ltd for Rs 820 crore and announced plans to launch an open offer to...
