Tata Steel said that it has acquired 788,53,50,318 ordinary equity shares of face value $ 0.157 each aggregating to $1,238 million (Rs 10,726.85 crore) in T Steel Holdings (TSHP). T Steel Holdings (TSHP) is a wholly...
MO Alts acquires majority stake in Megafine Pharma for Rs 460 crore
Motilal Oswal Alternate Investment Advisors (MO Alts) has announced its first sole control investment, acquiring a majority stake (over 60 per cent) in Megafine Pharma, a Mumbai-based export-focused Active...
Apollo Pipes acquires additional 0.50% stake in Kisan Mouldings
Apollo Pipes announced that it has made an additional investment by acquiring a 0.50% equity stake in its subsidiary, Kisan Mouldings (KML), through a secondary purchase. Kisan Mouldings, a subsidiary of the company, is...
Motilal Oswal PE arm buys majority stake in bulk drug maker Megafine for ₹460 crore
The alternative investment arm of Motilal Oswal Financial Services Ltd has acquired a majority stake in export-focused bulk drug maker Megafine Pharma Ltd for ₹460 crore, betting on its growth as global companies look...
Tata Play, Airtel Digital TV near merger plans as DTH industry struggles amid streaming boom
The Tata and Bharti groups are finalising a merger between their loss-making direct-to-home (DTH) businesses, Tata Play and Airtel Digital TV, respectively, said people with knowledge of the matter. This comes as Indian...
Adani Power gets letter of intent to acquire Vidarbha Industries Power
Adani Power on Monday received approval from the committee of creditors for acquiring Vidarbha Industries Power Ltd (VIPL), which is undergoing insolvency proceedings. VIPL owns and operates a 2×300 MW (600 MW)...
Flipkart-backed super.money acquires checkout financing platform BharatX
Flipkart-backed fintech firm Super.money on Tuesday acquired checkout financing platform BharatX in an all-cash deal as the company continues to launch new payment and credit offerings since its launch last year. The...
Centre kickstarts process for stake sale in PSBs and listed PFIs
As part of the long-promised financial sector reforms, the government on Monday kickstarted the process of diluting its equity in select public-sector banks (PSBs) and listed public financial institutions (PFIs) by...
Felix Pharmaceuticals seeks $200-250mn for controlling stake in pet drug subsidiary, Felix Generics, amid booming market
Felix Pharmaceuticals is looking to sell a controlling stake in its subsidiary, Felix Generics, which makes veterinary drugs for ‘companion pets’ such as dogs and cats, three people with knowledge of the development...
Bain Capital closes in on likely $1 billion Manappuram Finance deal
Bain Capital is finalising a deal with the promoters of Manappuram Finance to buy a controlling stake in the Kerala-based gold loan provider and non-bank lender, people aware of the development said. The Reserve Bank of...
Veranda acquires 40% stake in BB Virtuals and 65% stake in Navkar Digital
Veranda Learning Solutions has taken a 40.41% stake in BB Publications (BB Virtuals) and acquired 65% stake in Navkar Digital Institute (Navkar Digital). Veranda Learning will acquire an additional 10.59% stake in BB...
NCLT approves Reliance Big resolution plan
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved entrepreneur Manoj Kumar Upadhyay and his affiliate ACME Cleantech Solutions’ application to acquire formerly Anil Ambani-promoted Reliance...
