Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission (SEC) show, in a proposed deal that values the generator at $2.82...
Reliance Strategic Business Ventures’ Rs 202 cr plan for Karkinos Healthcare approved by NCLT
The National Company Law Tribunal (NCLT) of Mumbai has approved Reliance Strategic Business Ventures Limited’s Rs 202 crore resolution plan for Karkinos Healthcare Pvt. Ltd. (KHPL), a tech-driven oncology platform...
Shriram Pistons & Rings to acquire TGPEL Precision Engineering in Rs 220-cr deal
Auto parts maker Shriram Pistons & Rings Ltd (SPRL) on Tuesday announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs 220 crore on debt-free cash-free basis. The...
Lumina Datamatics to acquire controlling stake in TNQTech for Rs 336 crore
Lumina Datamatics, a Mumbai-based global leader in digital content services, retail support services, and technology solutions for the publishing and retail industries, has signed a definitive agreement to acquire a...
RBI approves Burman family entities’ open offer to acquire 26 pc additional stake in REL
The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The central bank...
Metropolis Healthcare to acquire Core Diagnostics for Rs 247 cr
Metropolis Healthcare, India’s second largest diagnostic chain, on Monday said its board has approved the acquisition of Delhi NCR-based specialty cancer testing chain Core Diagnostics for Rs 247 crore through a...
NCLT asks two Tata NBFCs to seek merger nod from stakeholders
The National Company Law Tribunal (NCLT) has asked two non-banking finance companies of the Tata Group — Tata Capital Ltd and Tata Motors Finance Ltd — to convene meetings of their shareholders and secured and unsecured...
Gujarat Apollo Industries announces acquisition of Mehsana-based Fieldtrack Earthmovers
Gujarat Apollo Industries announced that its wholly owned subsidiary AEML Investments (formerly known as Apollo Earthmovers) (AEML) has entered into a Share Purchase Agreement on 07 December 2024 with the shareholders...
UltraTech receives CCI notice over proposed acquisition of India Cements
Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has...
Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: s
Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of...
Acre ARC wins bid to take over Essel Groups’ bad loans
Acre ARC has emerged as the successful bidder to take over the ₹1,350 crore debt of Subhash Chandra’s Essel Group and also ₹2,613 crore debt of a portfolio of retail and SME loans from JC Flowers ARC (JCF) as the...
RBI approves Canara Bank’s stake sale in MF, insurance subsidiaries via IPO
The Reserve Bank of India (RBI) has approved Canara Bank’s stake sale in its mutual fund and insurance arms through an Initial Public Offering (IPO), the state-owned lender said on Thursday. “Reserve Bank of India...
