Anglo-Dutch oil firm Shell Plc’s plan to sell its Indian renewable energy platform Sprng Energy has hit a roadblock due to tepid responses, said multiple people aware of the matter. Shell’s discussions with...
Bajaj Group seeks CCI approval for Rs 24,180-cr Allianz stake buy
Bajaj Group entities have sought the Competition Commission of India’s approval for plans to buy out Allianz SE’s 26% stake in life and general insurance ventures for ₹24,180 crore, the largest deal in the...
Proposed Rs 555 cr acquisition of SML Isuzu strong strategic fit for company: M&M
Mahindra & Mahindra on Monday said the proposed Rs 555 crore acquisition of SML Isuzu is a strong strategic fit for the company that would put it in a strong position. The company also said that with this buyout, it...
Perfios acquires healthcare information exchange platform IHX
Perfios, a provider of software services to banks and financial services companies, has acquired IHX, a healthcare information exchange platform, marking its third acquisition in two months. The financial terms of the...
Mahindra & Mahindra to acquire majority stake in SML Isuzu for over Rs 550 crore
Mahindra & Mahindra (M&M) announced on Saturday it will acquire a majority stake of 58.96% in commercial trucks and bus maker Isuzu Limited (SML) at Rs 555 crore. M&M will buy 63.62 lakh shares of SML from...
After Sunil Mittal, Mukesh Ambani’s Reliance aims for Haier India stake
Mukesh Ambani-led Reliance Industries Ltd (RIL) has emerged as a key contender for a significant stake in the Indian operations of Chinese consumer electronics and appliance manufacturer Haier, which is seeking to...
Nokia sells stake in Vi, raises Rs 785.67 crore
Nokia Solutions and Networks India Pvt Ltd has sold off its 0.95% stake in Vodafone Idea (Vi) via a bulk deal to marquee global investment banks, including Goldman Sachs, amongst others, raising Rs 785.67 crore. As per...
Board of BASF India approved acquisition of 100% stake in BASF Agricultural Solutions India
At meeting held on 25 April 2025 The Board of Directors of BASF India at its meeting held today on 25 April 2025, has approved the Company’s acquisition of 7 fully paid equity shares having face value of Rs. 10...
Board approves merger of Arrka Infosec into Persistent Systems
The Board of Persistent Systems at its meeting held on 24 April 2025 has approved the proposal of Merger of Arrka Infosec (wholly owned subsidiary) into Persistent Systems subject to the receipt of necessary statutory...
Devyani International buys 80% in Biryani by Kilo for Rs 419 crore
Devyani International Ltd (DIL), franchise operator of KFC and Pizza Hut in India, has acquired an 80.7% percent stake in Sky Gate Hospitality, the parent company of Biryani by Kilo, it said in a stock exchange filing...
National Company Law Tribunal okays sale of 18 IL&FS units in Mumbai
The National Company Law Tribunal (NCLT) has cleared the sale of 18 commercial units at Kohinoor Square in Mumbai to the Gajra Brothers and associated parties for about ₹315 crore. The units are currently held by...
Dulux Duel: JSW Paints, Advent-Indigo in race to acquire Akzo India
Sajjan Jindal-led JSW Paints is competing with a consortium of Advent International and Indigo Paints to acquire Akzo Nobel India, the owner of Dulux Paints, from its Dutch parent Akzo Nobel NV, which is looking to exit...
