JSW Cement, the building-materials business of steelmaker JSW Group, is in initial talks with Germany’s Heidelberg Materials to acquire the latter’s 13.4 million-tonne-a-year cement businesses in India...
IQuest Enterprises acquires Viatris’ Indian API operations
IQuest Enterprises, a multi-sector investment company, said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India...
Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger
Axis Finance has filed an appeal in the National Company Law Appellate Tribunal (NCLAT) against the National Company Law Tribunal’s (NCLT) nod to the Zee-Sony merger, the company said on Thursday. This comes just...
Tata Motors: End of Differential Voting Rights Shares for Listed Companies?
In 2008, Tata Motors Limited had issued equity shares on right basis with differential voting rights. This was one of the few issuances of differential voting rights shares by any listed company. Later regulators...
lndiaRF to acquire API, CRAMS business of Ind-Swift Labs
IndiaRF, the India-focused investment platform promoted by Piramal Enterprises and Bain Capital, will acquire the active pharmaceutical ingredients (API) and contract research and manufacturing services (CRAMS) business...
Reliance Retail acquires majority stake in Alia Bhatt’s clothing brand Ed-a-Mamma
Reliance Retail Ventures Ltd. (RRVL) has signed a joint venture with Alia Bhatt’s clothing brand of kids and maternity wear, Ed-a-Mamma for a 51% majority stake. ET was the first to report on July 17 on the possible...
Torrent in top gear to close out Cipla buyout, in talks with PEs, banks for funds
Torrent Pharma is cranking up its efforts to put together financing to buy out the promoter family of Cipla, said several people with knowledge of the matter, emerging as a key contender to conclude the largest pharma...
Torrent joins fray for Hamied family stake in Cipla, up against Blackstone and Baring PE
In what would be its boldest move as yet, Torrent Pharma has joined the fray to buy out the Hamied family, the promoters of Cipla – a company that is more than double (2.3x) its FY23 consolidated revenues, and 2.3 times...
Titan Co acquires another 27.18% stake in CaratLane for ₹4,621 crore
Watch and jewellery retailer Titan Company Ltd. has increased its shareholding in CaratLane Trading Private Ltd. to 98.28% from 71.09%, paying ₹4,621 crore for the additional stake buy, the company said in a filing to...
Campbell to buy Rao’s premium sauces maker Sovos for $2.33 bln
U.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said, beefing up its meals and beverages business with the maker of...
Strides sells arm’s manufacturing unit to Syngene International for Rs 702 crore
Strides Pharma Science on Monday said it has entered into a binding agreement to sell biologics Unit-3 manufacturing facility of its associate company Stelis Biopharma (SBL) to Syngene International on a slump sale...
Mars to buy healthy food maker Kevin’s Natural Foods
Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin’s Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said. The deal values private equity-backed...