Ronnie Screwvala-founded higher learning firm UpGrad and test-prep startup Unacademy have sought antitrust approval from the Competition Commission of India (CCI) for their proposed merger, showed documents published by...
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Emami to acquire majority stake in personal care co IncNut Digital for ₹321 cr
Emami will acquire a 60% stake in IncNut Digital, owner of direct-to-consumer beauty and personal care brands Vedix and SkinKraft, for ₹321 crore in an all-cash deal. The Kolkata-based FMCG company will acquire the...
Digital banking platform Freo acquires credit marketplace IndiaLends
Bengaluru-based digital banking platform Freo has acquired the credit marketplace IndiaLends. The platform will operate as a different entity under Freo. The acquisition amount was not disclosed. IndiaLends, founded by...
India likely to divest stake worth $1.06 billion in state-run Coal India, CNBC-TV18 reports
The Indian government is likely to divest a 3%-4% stake worth 100 billion rupees ($1.06 billion) in state-run miner Coal India via the offer-for-sale route, broadcaster CNBC-TV18 reported on Thursday, citing...
NCLT upholds Aanand Rai’s plea in row with Eros International
The National Company Law Tribunal (NCLT) has allowed filmmaker Aanand L. Rai’s application to refer a dispute between him and a listed movie production house Eros International Media Ltd (EIML) to arbitration. The...
Vertex Group acquires $4M digital CX business
Times Square-headquartered multinational tech company Vertex Group has expanded its presence in India’s BPM sector with its second acquisition of the year, a digital CX business currently valued at $4 million. The...
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuation
Upskilling platform UpGrad is set to acquire Unacademy in an all-stock deal after many months of negotiations, valuing the Bengaluru-based edtech at 2,055 crore ($218 million), said people with knowledge of the. The...
Zappfresh in talks for majority stake in GM Foods
Direct-to-consumer fresh meat, seafood and snacks delivery company Zappfresh, owned by DSM Fresh Foods, is in talks to acquire a majority stake in Sonipat-based GM Foods in Haryana, which makes ready-cook breakfast...
CCI rejects AGI Greenpac plea on INSCO green channel nod for HNG deal
Fair trade regulator CCI, for the second time, rejected a plea filed by AGI Greenpac Ltd challenging the green channel approval granted to the Independent Sugar Corporation Ltd for the acquisition of Hindusthan National...
Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortium
A consortium led by steel magnate Lakshmi N Mittal’s family and including Serum Institute of India CEO Adar Poonawalla has signed a definitive agreement to acquire Indian Premier League (IPL) team Rajasthan Royals...
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank will acquire a select India credit card portfolio from Standard Chartered Bank of about 450,000 cards, the bank said in a statement. Both banks will sign an agreement for the deal, the bank said in a...
Times Music acquires Catrack Entertainment, doubles down on Punjabi catalogue strategy
Times Music, owned by The Times Group, has acquired Catrack Entertainment, marking its third catalogue buy and deepening its bet on regional music IP through its partnership with Primary Wave Music. The acquisition...
