The Competition Commission of India (CCI) has approved seven acquisitions, including those by JSW Energy Ltd, Shell Plc and Adani Infra (India) Ltd. The competition watchdog approved all transactions without...
Disinvestment: The government must take a clear stance on PSE stake sales
In recent years, the government’s policy on disinvestment has been cloudy. While it has in the past endorsed the mantra that ‘the government has no business being in business,’ its actions would suggest otherwise. Its...
Jio Financial buys out SBI’s stake in payments bank JV
Jio Payments Bank, a joint venture between Jio Financial Services and the State Bank of India (SBI), is set to become a wholly-owned subsidiary of the Mukesh Ambani-promoted financial services company. On Tuesday, the...
CCI okays JSW Energy’s proposal to acquire KSK Mahanadi Power Company
The Competition Commission of India on Tuesday cleared JSW Energy’s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is...
CCI approves Ambuja Cements’ acquisition of Orient Cement
India’s antitrust watchdog, approved Ambuja Cements’ acquisition of India Cements on Tuesday, months after the Adani Group company first announced the deal. Ambuja Cements, India’s second-largest...
M2P Fintech in talks to acquire AI startup Vue AI in distress deal
M2P Fintech, a financial technology infrastructure startup, is in advanced talks to acquire Mad Street Den that owns the artificial intelligence platform Vue.ai in a distress sale for around $10-15 million in cash and...
Adani Wilmar to acquire GD Foods Manufacturing at Rs 603 crore
The manufacturer of Fortune edible oil, Adani Wilmar Ltd on Tuesday announced it is going to acquire GD Foods Manufacturing (India), which sells the Tops range of sauces and condiments, valuing the New Delhi-based...
Senores Pharma to acquire 14 ANDAs from Dr Reddy’s Laboratories
Gujarat-based Senores Pharmaceuticals on Tuesday said it will acquire a basket of 14 Abbreviated New Drug Applications from Dr Reddy’s Laboratories for an undisclosed amount. Senores Pharmaceuticals, Inc, USA, a...
ONGC unit acquires PTC Energy for $106 mn to expand its green portfolio
Indian oil explorer Oil and Natural Gas Corp said on Tuesday its unit acquired clean energy firm PTC Energy for Rs 9.25 billion ($106.02 million) as the company looks to ramp up its green energy portfolio. CONTEXT PTC...
NCLT rejects Talwandi Sabo power unit’s scheme in Vedanta demerger
The National Company Law Tribunal dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) at an initial state in a setback for the five-way spinoff of its parent Vedanta Ltd. The tribunal’s Mumbai bench...
Jindal Power wins bid for Bhadreshwar Vidyut; to pay Rs. 500 crore
Jindal Power has won the bid for Gujarat-based Bhadreshwar Vidyut which is undergoing insolvency proceedings, according to the company’s bankruptcy administrator. The privately owned Naveen Jindal group company is said...
Coca-Cola sells North Gujarat bottling operations for Rs 2,000 cr
Coca-Cola India has sold its bottling operations in north Gujarat to Kandhari Global Beverages Group, one of its top four independent franchisee bottlers, for close to Rs 2,000 crore, executives directly aware of the...
