In a major strategic move, HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development...
Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement
Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to...
Bhutani Group acquires Logix City Center in Noida
Noida’s Bhutani Group has acquired Logix City Center, an 1.2 million sq ft of retail, office and hospitality asset for close to Rs 1,000 crore, two people aware of the development said. The company had earlier acquired...
Goldman Sachs looks to join hands with Bhartias of Jubilant for HCCB stake buy, to finance upto Rs 3500 cr
The Bhartia family of the Jubilant Group led by brothers Shyam and Hari Bhartia is in advance negotiations with Goldman Sachs to partner with them to acquire a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the...
Welspun Corp arm sells 5% stake in associate entity for about Rs 480 crore
Welspun Mauritius Holdings Limited (WMHL) has divested a 5 per cent equity stake in East Pipes Integrated Company for Industry (EPIC) for an overall consideration of 218.9 million Saudi Riyal (about Rs 480 crore). EPIC...
Tata Power acquires Paradeep Transmission for Rs 18.64 crore
Tata Power on Thursday said it has acquired 100 per cent stake in Paradeep Transmission Ltd, a special purpose vehicle (SPV), for Rs 18.64 crore. The acquisition process was completed on November 6, 2024, the company...
Jet, set, no: Supreme Court orders liquidation of Jet Airways
Jet Airways won’t be returning to the skies. The Supreme Court has ordered liquidation of the grounded carrier, after a consortium of UK-based Kalrock Capital and the UAE-based entrepreneur, Murari Lal Jalan...
Macrotech Developers to buy out Bain Capital’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has entered into agreements for acquisition of the stake held by Bain Capital in its three different joint entities under the Digital Infrastructure Platform for...
NTPC, ONGC may join hands to acquire Ayana
NTPC Ltd may join ONGC as an equal partner in the latter’s bid to acquire Ayana Renewable Power, according to the people with knowledge of the matter. Oil and Natural Gas Corporation (ONGC) has emerged as the...
OmniActive Health acquires botanical ingredients company ENovate Biolife
OmniActive Health Technologies, the Mumbai-based nutraceutical maker backed by PE firm TA Associates on Thursday said it has acquired ENovate Biolife, a developer of proprietary, clinically researched botanical...
Bharti Telecom hikes stake in Airtel to 40.33%
Bharti Telecom Ltd (BTL), the key promoter company of Bharti Airtel, has increased its stake in the Sunil Mittal-led telco to 40.33% by acquiring an additional 1.2% from another Airtel promoter group entity, Indian...
ICICI Lombard buys stake worth ₹563 crore in ITC and Axis Bank
ICICI Lombard General Insurance Company Ltd has announced a major investment, acquiring shares worth ₹563 crore in ITC Limited and Axis Bank Limited. This transaction was completed during market hours on November 6...
