Kolkata-based jeweller Senco Gold Ltd, which listed on the public markets last year, has placed a bid to acquire omnichannel jewellery retailer Melorra as it seeks to expand its presence in the e-commerce space, four...
NCLT approves ICICI Bank’s scheme of delisting its affiliate ICICI Securities from the bourses
The Ahmedabad bench of the National Company Law Tribunal approved the ICICI Bank’s application for the scheme of arrangement for delisting of broking firm ICICI Securities Ltd from the bourses. On Wednesday the bench...
NCLT directs to initiate insolvency proceedings against Syska LED Lights
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor — Sunstar Industries. Syska LED Lights, part...
Tellado Realty divests its hospitality business to StayVista
Tellado Realty, one of the luxury developers in Goa with projects like Tellado Villas (Siolim) and Baia Villas (Mandrem) has divested its hospitality business to villa rental brand StayVista. StayVista said it will be...
Kalpataru Projects International to sell stake in Vindhyachal Expressway for Rs 775 cr
Kalpataru Projects International Ltd (KPIL) on Wednesday signed definitive agreements with Actis Atlantic Holdings to sell its 100 per cent stake in Vindhyachal Expressway for Rs 775 crore. The completion of sale is...
ChrysCap set to take a bite of nutraceuticals co HealthKart
ChrysCapital is set to acquire about 20% stake in Bright Lifecare that runs omnichannel health products store HealthKart, valuing the business around $450 million (₹3,700 crore). The talks are in final stages and the...
CCI clears JM Financial’s 43 pc stake buy in JM Fin Credit Solutions
Fair trade regulator CCI on Tuesday cleared JM Financial’s proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is an RBI-registered systemically...
Saregama India soars on buzz of Dharma Productions acquisition
Saregama India soared 8.76% to Rs 635, fueled by reports suggesting the company is in talks to acquire a majority stake in Dharma Productions, a prominent film production house owned by Bollywood filmmaker Karan Johar...
Bharti Airtel in advanced talks to acquire Tata Play to boost digital TV segment
Sunil Mittal-led Bharti Airtel is in advanced negotiations with the Tata Group to buy loss-making Tata Play, India’s largest direct-to-home (DTH) business, said people aware of the matter. The aim is to consolidate its...
Agritech startup DeHaat in talks to raise $100 million for acquisition, expansion. Valuation likely to remain unchanged
Agritech startup DeHaat has begun preliminary talks to raise $100 million through debt and equity for an acquisition and other business expansion plans, two people with knowledge of the development said. The funds will...
HDFC Bank approves 100% stake sale of subsidiary HDFC Education to Vama Sundari Investments for ₹192 crore
HDFC Bank has approved the complete 100 per cent stake sale of its subsidiary firm HDFC Education and Development Services to a private company for a total of ₹192 crore. The board of India’s top private lender on...
Adani Group lays bricks to buy Heidelberg’s India cement unit
The Adani Group has begun talks to acquire the Indian cement operations of Germany’s Heidelberg Materials, according to people familiar with the matter. The proposed buyout of Heidelberg’s India unit will be...
