Kilburn Engineering informed that it has entered into a share purchase agreement with Monga Strayfield for the proposed acquisition of 100% of the company’s paid-up capital. Monga Strayfield is an engineering...
NCLT grants approval to Mahindra Homes’ share capital reduction plan
The National Company Law Tribunal (NCLT) has approved a capital reduction proposal of Mahindra Homes, a subsidiary of Mahindra Group’s real estate and infrastructure development company Mahindra Lifespace Developers...
TCIL may sell 15% stake in Bharti Hexacom in two or more tranches
State-run Telecommunication Consultants India Limited (TCIL) is likely to sell its remaining 15% share in Bharti Hexacom in multiple tranches for a windfall income. “The government is considering selling out 15%...
Adani Energy Solutions signs pact to acquire 100 pc stake in Pune- III Transmission
Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle – Pune- III Transmission Ltd. The Pune- III Transmission...
Adani to buy PSP projects stake to boost construction arm
Billionaire Gautam Adani agreed to buy a stake in PSP Projects Ltd. as his ports-to-power conglomerate seeks to reinforce engineering and construction capabilities for infrastructure projects. Adani Infra (India) Ltd...
VIP Industries revives sale talks
Global private equity firm Advent International is eyeing a controlling stake in listed luggage and travel accessories maker VIP Industries, three people with knowledge of the development said. This marks a revival of...
State-run EESL plans to sell its 49% stake in IntelliSmart
State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and...
Bharti Global completes acquisition of 24.5% stake in BT Group
Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% stake in UK’s BT Group plc, marking the Sunil Mittal-led company’s second major international foray after...
MakeMyTrip to acquire Happay’s expense management platform from CRED
MakeMyTrip, an online travel company, on Monday said that it has signed a business transfer agreement to acquire Happay’s expense management platform from CRED for an undisclosed amount. CRED is a members-only app that...
Board approved merger of Gujarat Themis Biosyn with Themis Medicare
The Board of Directors of Gujarat Themis Biosyn (GTBL) and Themis Medicare (TML) have approved a Scheme of Amalgamation of Gujarat Themis Biosyn with Themis Medicare. The Scheme is subject to approval of the secured...
The Good Glamm Group completes acquisition of The Moms Co for undisclosed sum
Content-to-commerce unicorn The Good Glamm Group has completed the acquisition of a 100% stake in The Moms Co for an undisclosed sum, nearly three years after making its first investment in the mother and baby care...
SKFS acquires Mirah Hospitality to grow its food services business pan-India
Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet – which owns restaurant brands Rajdhani, Bayroute and Hitchki – for Rs 80 crore. “We are looking to scale up...
