Future Enterprises has offered a one-time settlement (OTS) to lenders, indicating a 46% recovery for secured creditors, said people with knowledge of the matter. In all, the Kishore Biyani-promoted company is proposing...
Piramal Enterprises gets shareholders’ nod to demerge pharma business
Ajay Piramal-owned Piramal Enterprises has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99 per cent of the votes at the shareholders...
TotalEnergies to acquire 25% in Adani Enterprises’ arm for green hydrogen biz
Adani Ent has partnered with TotalEnergies to create the world’s largest green hydrogen ecosystem, the company said in a stock exchange filing on Tuesday. France’s TotalEnergies will be acquiring a 25% minority interest...
SJS Enterprises looks for acquisitions to aid diversification, overseas expansion
SJS Enterprises, a listed manufacturer of logos and other aesthetic products, is on the lookout for acquisition opportunities overseas as well as within the country with an aim to diversify both geographically and...
BetterPlace acquires EzeDox in an all-cash deal
Full-stack tech platform for frontline workforce management, BetterPlace, has announced the acquisition of EzeDox, a no-code workflow builder platform, for an all cash amount. Through this acquisition, BetterPlace has...
BetterPlace acquires OkayGo to help gig workers earn more in India
Tech platform for frontline workforce management BetterPlace announced to acquire OkayGo, an on-demand blue-collared gig workforce management platform, for an undisclosed sum. With this move, BetterPlace said it aims to...
Adani Enterprises to acquire 50% stake in General Aeronautics
Adani Enterprises, through its subsidiary Adani Defence Systems and Technologies Ltd, signed an agreement on Friday to acquire 50% stake in drone firm General Aeronautics Pvt Ltd. Adani Defence Systems and Technologies...
RattanIndia Enterprises acquires 60% stake in drone company Throttle Aerospace Systems
Diversified firm RattanIndia Enterprises said it has acquired 60 per cent stake in drone company Throttle Aerospace Systems Pvt Ltd (TAS). The investment in TAS has been done through NeoSky India Ltd (NeoSky), a wholly...
Future Enterprises to raise Rs 3,000 crore from insurance biz sale; aims to pare debt, avoid insolvency
Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company from facing the rigour of the...
Acquisitions in underpenetrated spots, not looking at small targets: Wipro CFO Jatin Dalal
IT services provider Wipro will continue to acquire companies in “spots” that are underpenetrated and look at only large targets that can be scaled up, chief financial officer Jatin Dalal told ET. The Bengaluru-based...
CVC makes non-binding bid for stake in TIM’s enterprise services -sources
CVC Capital Partners has submitted a non-binding expression of interest for a stake up to 49% of Telecom Italia’s (TIM) enterprise services arm, two sources said on Saturday. The non-binding approach targets a...
PhonePe acquires GigIndia, to strengthen enterprise offerings
Digital payments firm PhonePe has acquired GigIndia, a marketplace for gig workers. This is intended to strengthen its offerings to corporate and enterprise partners, the company said in a statement on Monday. According...