Delhi-based all-electric taxi service company Evera has started onboarding electric vehicles (EVs) leased to it by the lenders of BluSmart, including non-banking finance companies and banks, which repossessed the...
GIC-backed Asia Healthcare Holdings to acquire Dr Dangs Labs
Asia Healthcare Holdings (AHH), backed by Singapore’s sovereign wealth fund GIC, is set to acquire a majority stake in Dr Dangs Labs, a diagnostic chain operating in Delhi and Gurugram, according to two people aware of...
Airtel, Tata Play call off DTH merger talks
Bharti Airtel has officially called off discussions with the Tata Group regarding a potential merger of their Direct-To-Home (DTH) businesses. The telecom giant, through a regulatory filing said that both parties have...
Apollo Micro Systems acquires IDL Explosives for Rs 107 crore to expand defence manufacturing
Apollo Micro Systems Limited, through its wholly owned subsidiary Apollo Defence Industries Private Limited (ADIPL), has signed a Share Purchase Agreement to acquire full ownership of IDL Explosives Limited for ₹107...
Manipal, IHH, EQT & others eye Sahyadri Hospitals in Rs 5,000 crore bidding war
Manipal Hospitals, Singapore’s IHH Healthcare, Blackstone-owned hospital chain Quality Care India, Max Healthcare, KKR & Co. and EQT Partners are among those that have submitted initial bids for Sahyadri Hospitals...
Jubilant Beverages get CCI nod to acquire 40 pc stake in Hindustan Coca-Cola Holdings
Fair trade regulator CCI on Thursday cleared Jubilant Beverages’ proposal to acquire a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH). “The proposed combination relates to inter alia, JBL...
NCLT to decide on RCom’s ₹550 crore refund plea against Ericsson in June
The insolvency court said it will decide next month on bankrupt telco Reliance Communications Ltd’s plea seeking a ₹550 crore refund from Swedish telecom equipment maker Ericsson. During a brief hearing at the Mumbai...
Bajaj Group seeks CCI’s nod to acquire Allianz’s 26% stake in insurance JVs
Bajaj Group has sought the Competition Commission of India’s (CCI) approval to acquire a 26 per cent stake each in its insurance joint ventures Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from...
Vedanta expects demerger to complete by Sept-end: CFO Ajay Goel
Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to...
Aster DM Healthcare completes acquisition of 5% stake in Quality Care India through share swap
Leading healthcare service providers Aster DM Healthcare has completed acquisition of 5% stake in Quality Care India Ltd (QCIL) from BCP Asia II TopCo IV Pte Ltd (BCP) and Centella Mauritius Holdings Limited (Centella)...
After Pebble, Mensa looks to sell its Renee stake
Mensa Brands has sold its stake in wearables maker Pebble and is looking to exit Renee Cosmetics, as the brand aggregator looks to cash out of some of its recent investments. The company also plans to raise $100 million...
Hexa Climate Solutions acquires Fortum’s green energy portfolio in India
Hexa Climate Solutions Pvt. Ltd, a I Squared Capital portfolio company, has acquired the renewable energy development portfolio of Finland-based Fortum in India. Under the terms of the transaction, Hexa Climate...
