Telenor is said to have held talks with Idea Cellular for a cash-less sale of its India unit, which would entail the country’s No. 3 mobile phone company taking over all the liabilities of the Norwegian telecom...
Aditya Birla Group in talks with IFFCO to sell fertilizer arm
Mumbai: The Aditya Birla Group is again looking to exit its fertilizer business and has begun preliminary talks with Indian Farmers Fertiliser Cooperative Ltd (IFFCO) about a potential sale, two people familiar with the...
Aditya Birla Group rejig may lead to Grasim-Nuvo merger
MUMBAI: After consolidating its garments business into a single entity last year, the $41-billion Aditya Birla Group is planning another round of corporate reorganisation to unlock value and beef up the balance sheet...
UltraTech Cement, backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. ARM announced December 23 it’s in talks with an unidentified institutional investor about a $125 million investment. Chief Executive Officer Pradeep Paunrana declined to comment Tuesday when Bloomberg called him, citing regulatory compliance. Pragnya Ram, a spokeswoman for the Aditya Birla Group that controls UltraTech, didn’t immediately respond to an e-mail and a text message seeking comment.
UltraTech Cement, backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. ARM announced December 23 it’s in talks with an...
Aditya Birla Group Strengthens Retail Business
In the corporate sector, consolidation is finally gaining momentum as many companies are bringing their businesses under one umbrella. In line with the trend, Aditya Birla group’s Aditya Birla Nuvo Limited (ABNL) has...
Malpani Group ties-up with Aditya Birla ARC to acquire Imagicaaworld Entertainment
The Malpani Group has tied up with Varda Capital-backed Aditya Birla Asset Reconstruction Company to jointly acquire the distressed loans of Manmohan Shetty-promoted Imagicaaworld Entertainment Ltd, in a deal which...
Reported Aditya Birla Retail, Future Group merger is win-win for both
A prospective merger between Kishore Biyani’s Future Group and Aditya Birla Retail (ABRL) a unit of Aditya Birla group or acquisition of the latter by the former, as reported by the Economic Times on Tuesday, is...
Kishore Biyani’s Future Group in talks with Aditya Birla Retail to buy or merge business
MUMBAI/NEW DELHI: Kishore Biyani-led Future Group is in early discussions with Aditya Birla Retail (ABRL) to buy or merge the latter’s More supermarket business to consolidate its leadership in the brick-and...
Tata Group in talks with Fabindia promoters for stake acquisition, says report
Tata Group is in talks with promoters and shareholders of Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks...
CK Birla-promoted HIL acquires pipes brand Topline for Rs 265 crore
CK Birla-promoted HIL Limited has acquired Topline brand of polyvinyl chloride (PVC) pipes and four companies associated with the brand for Rs. 265 crores, according to a stock exchange disclosure. The companies include...
Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFC
The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) on Monday approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC. It is to...
DMI Group acquires ZestMoney in a fire sale
Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney in a fire sale. The deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking...