Ambuja Cement on Tuesday announced that it will acquire 46.8% of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore with an aim of reaching 100 MTPA cement capacity in FY25 and improving its pan-India market...
Welspun Corp’s subsidiary Sintex-BAPL acquires 100% stake in Weetek Plastics for Rs 85 crores
Welspun Corp Limited part of Welspun Group through its subsidiary Sintex-BAPL Limited has acquired 100% of the equity shares and non-cumulative redeemable preference shares of ‘Weetek Plastics Private Limited’ for an...
NCLT dismisses Anil Dhirubhai Ambani Ventures’ plea to block use of ‘Reliance’ brand by Hinduja Group
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL) seeking to stop the Hinduja Group from using the ‘Reliance’ brand as part...
HCCB Fund Fact: Bhartias in talks with global investors for ₹12,500 cr acquisition of Coca-Cola’s bottling
The promoters of the Jubilant Bhartia Group, brothers Shyam and Hari Bhartia, are in discussions with alternative asset managers, mutual funds and foreign banks to raise as much as ₹12,500 crore ($1.5 billion) for the...
Reliance forms joint venture with Mothercare
India’s leading retailer Reliance Retail Ventures Ltd on Thursday announced to form joint venture with Mothercare plc, a global specialist in products for parents and young children. Reliance Brands Holding UK...
CIEL HR Services acquires talent assessment firm Thomas Assessment
CIEL HR Services, an executive services and technology-driven HR solutions firm, has announced the acquisition of talent assessment company Thomas Assessment Pvt Ltd (TAPL), a provider of psychometric and behavioural...
Board of Infosys approves merger of subsidiaries
At meeting held on 17 October 2024 The Board of Infosys at its meeting held on 17 October 2024 has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus...
Haldiram Snacks’ promoters revise stake sale plans, look to offload 10-15%
The promoters of Haldiram Snacks Food Pvt Ltd, one of India’s leading snack manufacturers, have revised their plans to sell a majority stake in the company. They are now looking to offload 10-15 per cent minority stake...
SeaLink, promoter plan to sell majority stake in Surya Hospital
Private equity firm SeaLink Capital Partners and the promoter of Surya Children’s Medicare are looking to sell a majority stake in western India’s largest children’s hospital chain, said people aware...
Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space
Ethnic snacks maker Bikaji Foods International Ltd has acquired majority 53.02% stake for Rs 131 crore in Lucknow-based cafe and artisanal sweets chain Hazelnut Factory Food Products Private Ltd through its wholly-owned...
Weaver Services acquires Capital India Home Loans for ₹267 crore
Weaver Services Private Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, on Wednesday announced the acquisition of Delhi-based Capital India Home Loans Pvt Ltd (CIHL) for ₹267 crore...
Adani Power, Jindal Power, Vedanta, four others in race for Sinnar thermal plant
India’s largest private sector power producer Adani Power Ltd, Naveen Jindal’s Jindal Power Ltd, commodities company Vedanta Group, Kolkata-based Orissa Metaliks Pvt Ltd and Varde Partners’ Singapore...
