Adani Energy Solution Ltd, the electricity transmission unit of the billionaire Gautam Adani-run conglomerate, on Thursday announced the acquisition of intra-state transmission project Mahan Transmission Ltd. In a stock...
Zaggle to acquire majority stake in PoS software firm Effiasoft for Rs 36.7 crore
Prepaid payments company Zaggle has acquired a 45.3% stake in point of sales (PoS) software company Effiasoft for Rs 36.7 crore, the company said in a stock exchange filing today. Additionally, the Hyderabad-based...
VIP promoter revives stake sale talks, hires new banker; Advent frontrunner
VIP Industries Ltd promoter Dilip Piramal has revived stake sale plans, almost six months after talks to sell control of the listed luggage and travel accessories maker fell through, four people with knowledge of the...
LIC set to buy 40-49% stake in ManipalCigna; primary and secondary deal values company at Rs 3,500 crore
Life Insurance Corp of India (LIC) is finalising terms to buy a significant minority stake in Ranjan Pai-led ManipalCigna Health Insurance, people familiar with the matter said. It marks the state-owned giant’s entry...
Jindal Stainless acquires 9.62% stake in M1xchange
Jindal Stainless along with its wholly owned subsidiary, Jindal Stainless Steelway, acquired 9.62% stake in M1xchange, India’s leading RBI-licensed Trade Receivables Discounting System (TReDS) platform. This deal...
Board of Welspun Enterprises approves sale of entire stake held in its non-operative subsidiaries
The Board of Welspun Enterprises at its meeting held on 27 March 2025 has approved the sale of its entire stake in its non-operative wholly owned subsidiary companies namely, Kim Mandvi Corridor [Formerly known as...
Neo Infrastructure Income Opportunities Fund to acquire two road assets for Rs 1,500 crore
Neo Infrastructure Income Opportunities Fund (NIIOF), a SEBI-registered Category II Alternative Investment Fund (AIF), has signed definitive agreements to acquire two operational road assets from CDS Infra Projects for...
DLF buys 49.99 pc stake in DLF Urban from GIC arm for Rs 497 crore
Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore’s Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which...
Aditya Birla Sun Life Mutual Fund announces merger of target maturity fund with corporate bond fund
Aditya Birla Sun Life Mutual Fund has announced the merger of its target maturity fund with the corporate bond fund. Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund will be the merging...
EaseMyTrip enters aviation market; acquires 49% stake in Big Charter Pvt Ltd
In a move to expand its services, EaseMyTrip, one of India’s leading online travel agencies, announced Monday that it has entered the charter aviation market with the acquisition of a 49% stake in Big Charter Pvt Ltd...
TPG-led consortium set to acquire Siemens Gamesa Renewable Power for $500-550 million
A consortium led by TPG, along with industrialist Vellayan Subbiah of the Murugappa Group and former JSW Group senior executive Prashant Jain, is poised to acquire Siemens Gamesa Renewable Power for an enterprise...
Reliance Industries Limited acquires 74% in Nauyaan Shipyard
Reliance Industries in a regulatory filing said its subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for ₹1 lakh. “Please note that...
