SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction. According to the bulk deal data available with the BSE...
Adani Infra seeks CCI nod to buy stake in PSP projects
Adani Infra has sought the Competition Commission of India’s (CCI) clearance to pick up a stake in PSP Projects, further bolstering its construction capabilities, showed the company’s filing with the...
Vizag Steel Plant will not be merged with SAIL: Union Minister Srinivasa Varma
Union Minister of State for Steel B Srinivasa Varma on Thursday said that the prospect of merging Visakhapatnam Steel Plant (VSP) with the Steel Authority of India (SAIL) will not arise. The SAIL had rejected the idea...
Bankruptcy Court approves listed-firm parental drugs India’s acquisition by IHL Lifescience
The bankruptcy court in Mumbai approves IHL Lifesciences Pvt Ltd’s acquisition of the listed firm Parental Drugs India Ltd. Before the tribunal’s approval, the Company’s Committee of Creditors (CoC) had...
Kotak Mahindra Bank acquires StanChart’s Rs 3,330-cr personal loan portfoilio
Kotak Mahindra Bank on Thursday said it has completed the acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank India following regulatory approvals. After having received the necessary regulatory...
HUL to acquire direct-to-consumer brand Minimalist for nearly Rs 3,000 crore
Hindustan Unilever Limited (HUL) said it will acquire a 90.5% stake in direct-to-consumer beauty brand Minimalist for Rs 2,955 crore through secondary buyouts and primary infusion. The remaining 9.5% will be acquired...
Tata Motors restructuring CV business ahead of listing next fiscal
Tata Motors is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company...
DeHaat acquires farm advisory platform AgriCentral
Agritech startup DeHaat has acquired farm advisory platform AgriCentral from Olam Agri through a business transfer agreement (BTA) in an all-cash deal, the companies said without disclosing the financial terms...
India saw $116 billion deals in 2024
India’s deal activity saw a robust improvement in calendar year 2024, which saw total deal value across mergers and acquisitions, private equity, IPOs and QIPs touching $116 billion, according to Grant...
Delisting Reliance Cap one of last milestones towards acquisition: Hinduja
IndusInd International Holdings Ltd (IIHL) Chairman Ashok P Hinduja said the delisting of Reliance Capital is one of the last milestones towards the closure of the acquisition of the debt-ridden financial firm...
Busy Bee Airways challenges liquidation of Go First in NCLAT
Busy Bee Airways Pvt Ltd, one of the bidders for the grounded airline Go First, has approached the National Company Law Appellate Tribunal (NCLAT) to challenge the airline’s liquidation. On 20 January the National...
Pune court temporarily blocks termination of trademark pacts in Kirloskar dispute
A Pune district court has temporarily restrained Kirloskar Proprietary Ltd (KPL) from terminating its trademark licence and user agreements with Kirloskar Brothers Ltd (KBL). The court’s decision, made on 9...
