Kotak Strategic Situations India Fund II, managed by Kotak Alternate Asset Managers Limited, has made an investment of Rs 940 Crore in Neuberg Diagnostics Private Limited to support Neuberg’s inorganic expansion...
NHPC eyes PTC buy sans financing arm
India’s largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said. The Union power ministry officials will meet...
India’s Adani to sell up to 20% stake in Wilmar joint venture
India’s Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer...
LEAP India Acquires CHEP India Private Limited (CIPL), Ushering in a New Era in Supply Chain Solutions
LEAP India, a leader in sustainable supply chain solutions, today announced its acquisition of CHEP India Private Limited (CIPL), an esteemed player in the supply chain industry. This strategic acquisition includes the...
WPIL hits record high after European arm acquires MISA ITALY
WPIL rallied 4.64% to Rs 753 after the company announced that its European subsidiary, Gruppo Aturia, has successfully acquired 100% shareholding of MISA ITALY, located in Arzignano, Italy. Misa is a leading Italian...
Allcargo looks to unlock value in Gati, taps Avendus for PE raise
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said. The company has hired investment bank Avendus...
Advik acquires German braking system manufacturer Powersports MTG
Global automotive components maker Advik on Tuesday said it has acquired German mechanical and hydraulic braking system manufacturer Powersports MTG for an undisclosed sum. The acquisition will create additional...
Tata Electronics gets CCI’s clearance to acquire majority stake in Pegatron India
The Competition Commission of India (CCI) on Tuesday approved Tata Electronics’ proposal to acquire a majority stake in Apple’s contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd...
Equinox India hits the roof on NCLAT merger approval with Embassy Group
Equinox India Developments hit an upper limit of 20% at Rs 143.70 after the National Company Law Appellate Tribunal (NCLAT) approved the merger with Embassy Group. This long-awaited merger, which has been under...
India steel ministry proposes KIOCL, NMDC merger: Govt official
The Indian steel ministry is proposing a merger between state-run KIOCL and NMDC, a government official said on Monday. Mining company NMDC aims to export iron ore pellets from KIOCL post the merger, the official told...
Nuvoco Vistas to acquire Vadraj Cement through insolvency route
Nuvoco Vistas Corp, a key producer of cement in East India, has emerged as the successful applicant to buy Vadraj Cement under the Corporate Insolvency Resolution Process. Gujarat-based Vadraj Cement, formerly owned by...
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
Bharti Airtel and Vodafone Idea have each signed a deal to sell their respective stakes in Firefly Networks, a Wi-Fi infrastructure provider, to digital infrastructure solutions provider iBus Network and Infrastructure...
