Larsen & Toubro is buying a 21% stake in E2E Networks, an artificial intelligence (AI) cloud provider, in a Rs 1,327-crore all-cash transaction. In a two-part deal, L&T proposes to acquire a total of 4.17...
Crystal Crop acquires I&B Seeds to expand vegetable, flower seed business
Agrochemical firm Crystal Crop Protection on Monday said it has acquired Bengaluru-based I&B Seeds as it seeks to strengthen its position in India’s vegetable and flower-seed segment. “The deal has been...
Hinduja Group needs DPIIT nod, too, for Reliance Capital buy
Anil Ambani-promoted Reliance Capital’s winning bidder Hinduja Group received central bank approval to acquire the financial services company, but the transaction cannot proceed until it is approved by the DPIIT...
Hero Electronix, backed by Suman Kant Munjal, plans to sell 30% stake in chip design firm Tessolve
Hero Electronix, backed by Suman Kant Munjal, is planning to sell a 25-30% stake in Bengaluru-based semiconductor design and engineering company Tessolve, cashing in on the growing investor appetite in the space, said...
Board of BLS E-Services approves amendments in agreement for acquisition of Aadifidelis Solutions
The Board of BLS E-Services at its meeting held on 04 November 2024 has approved the amendment in Share Subscription and Purchase Agreement w.r.t. to acquisition of equity shares of Aadifidelis Solutions and its...
NCLAT issues notice to Adani Power on plea contesting acquisition of Lanco Power
The National Company Law Appellate Tribunal (NCLAT) issued a notice to Adani Power Ltd on Monday in response to a plea challenging its approved resolution plan to acquire the bankrupt Lanco Amarkantak Power Limited...
Yatharth Hospital to acquire 60% stake in Faridabad-based facility
Yatharth Hospital and Trauma Care Services said its board has approved the acquisition of 60 per cent stake in a Faridabad-based hospital, which is yet to commence operations, at an enterprise value of Rs 152 crore. The...
Zydus to acquire Naturell, the maker of Ritebite Max Protein for Rs 390 crore
Zydus Wellness said it will enter into a definitive agreement to acquire Naturell, the maker of Ritebite Max Protein bars and snacks for Rs 390 crore in an all cash deal. The maker of Complan and Glucon-D said the...
Centrum to sell stakes in housing finance arm by March
The Centrum Group is likely to finalise the sale of its housing finance subsidiary by the end of this fiscal, with the odds evenly distributed between the possibility of a 100% sale and part monetisation. The group is...
National Company Law Tribunal clears Casper Pharma’s merger with Suven Pharmaceuticals
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Casper Pharma’s merger with listed drug maker, Suven Pharmaceuticals. In April 2022, Suven Pharmaceuticals acquired Casper Pharma (CPPL) for...
Fortis Healthcare gets CCI nod to acquire additional stake in Agilus Diagnostics for Rs 1,780 cr
The competition watchdog CCI on Tuesday approved Fortis Healthcare’s proposal to acquire an additional 31.52 per cent stake in Agilus Diagnostics. Multi-speciality hospital chain Fortis Healthcare Ltd (FHL) is...
Lockton gets IRDAI nod to buy Arihant Insurance Broking
American insurance broker Lockton has received approval from I Insurance Regulatory and Development Authority of India (IRDAI) to acquire Arihant Insurance Broking Services Limited, part of the Arihant Capital Group...
