New and used car retail platform Cars24 said on Wednesday that it has acquired automotive review and discussion forum Team-BHP. Details of the deal were not disclosed. According to a statement by Cars24, Team-BHP will...
Ampivo AI acquires majority stake in B2B firm Commerce Forever Solutions
Ampivo AI, a provider of multi-modal AI solutions, has acquired a 51 per cent majority stake in Commerce Forever Solutions, a B2B e-commerce operations firm. The strategic acquisition is aimed at expanding Ampivo AI’s...
Apeejay Surrendra Park Hotels to acquire majority stake in Zillion Hotels and Resorts
Apeejay Surrendra Park Hotels has entered into binding Memorandum of Understanding today for acquisition of 90% stake of Zillion Hotels and Resorts from its existing shareholders (namely Handa Family Shareholders and...
CCI approves Kandhari Beverages proposal to acquire Coca-Cola’s bottling arm for Rs 2,000 crore
Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to...
Airtel to acquire entire 400 Mhz spectrum of Adani Data Networks
Bharti Airtel on Tuesday announced the company, along with its subsidiary Bharti Hexacom Limited, would acquire rights to use entire 400 megahertz spectrum of Adani Data Networks (ADNL). ADNL had acquired 400 Mhz...
Ambuja Cements completes acquisition of promoters’ 37.8% stake in Orient Cement
Adani Group-owned Ambuja Cements has completed the acquisition of 37.8 per cent promoters’ stake of CK Birla group firm Orient Cement Ltd (OCL) and has become a promoter. With this, the total shareholding of...
JK Paper acquires majority stake in Quadragen Vethealth
JK Paper has acquired 37,28,400 equity shares representing 62.14% of paid-up share capital of Quadragen Vethealth (QVPL) within the said timelines, in accordance with the terms of the SPSHA. Post said acquisition, QVPL...
Jio Platforms to absorb edtech firm Embibe
Jio Platforms Ltd (JPL), an arm of Reliance Industries Ltd (RIL) that houses its telecom and digital businesses, is set to absorb edtech firm Indiavidual Learning Private Limited, or Embibe, in a move that has caused...
360 ONE WAM to acquire UBS India wealth biz in Rs 307 crore deal
360 ONE WAM Ltd on Tuesday announced the acquisition of UBS AG’s India wealth management business in a transaction valued at Rs 307 crore, further strengthening its presence in the domestic wealth management sector. The...
Goodyear looks to sell India farm tyres biz for Rs 2,500 crore
Goodyear Tire and Rubber is planning to hive off and sell its farm tire business in India, a year after it sold its off the road business to Japanese major Yokohama for $905 million, said people aware of the development...
HUL acquires majority stake in Minimalist parent co Uprising Science for Rs 2,706 crore
Hindustan Unilever Limited (HUL), one of India’s leading FMCG companies, announced on Monday the successful completion of its acquisition of a 90.5% stake in Uprising Science at Rs 2,706.44 crore. The acquisition was...
Bankruptcy court dismisses insolvency plea against Dentsu Communication India
The bankruptcy court in Mumbai has recently dismissed an insolvency petition filed against Dentsu Communication India, citing a lack of evidence of operational debt and raising concerns over allegedly ‘fraudulent...
