The Regents of the University of California on Thursday picked up 0.57 per cent stake in Kotak Mahindra Bank for Rs 1,907.6 crore. The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board...
Kotak Mahindra Bank, Axis Bank acquire nearly 8% stake each in ONDC
Private lenders Kotak Mahindra Bank and Axis Bank have each acquired 7.84% stake in Open Network Digital Commerce (ONDC) for ₹10 crore. “This is to inform you that ONDC has on March 22, 2022 allotted Axis Bank...
Mahindra & Mahindra to increase stake in Carnot Tech with ₹14 crore investment
Mahindra & Mahindra is looking to increase its stake in Carnot Technologies Pvt Ltd to 52.69% with an investment of around ₹14 crore, the company said on Wednesday. M&M will make a primary infusion of...
Brookfield eyes significant stake in Mahindra Susten assets
Canada’s Brookfield Asset Management Inc. is looking to buy a substantial stake in Mahindra Susten, two people aware of the development said. Avendus Capital is running the sales process for the potential deal with an...
Tech Mahindra to acquire Thirdware Solutions in all-cash deal for $42 mn
IT Company Tech Mahindra will acquire 100% stake in Mumbai-based Thirdware Solutions Ltd in all-cash deal for $42 million, according to an exchange filing. The acquisition will bolster Tech Mahindra’s digital solutions...
Mahindra Logistics acquires Whizzard
Mahindra Logistics Ltd (MLL) on Monday said it has acquired a majority stake in last-mile delivery services provider Whizzard. The acquisition will complement Mahindra Logistics’ existing last-mile delivery...
Tech Mahindra acquires Com Tec, invests in two insurtech platforms
Tech Mahindra Ltd. has acquired European IT firm Com Tec Co IT Ltd. for €310 million, including earnouts and synergy-linked payouts. CTC is an IT solutions and services provider catering to the insurance and financial...
Tech Mahindra to acquire 100% stake in US-based Allyis Group
IT major Tech Mahindra on Friday announced that the company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the company’s wholly-owned subsidiary viz., Tech Mahindra (Americas)...
Mahindra Logistics acquires 100% stake in Meru
Third-party logistics solution provider Mahindra Logistics Ltd (MLL) has announced its acquisition of Meru today. The company has acquired 100 per cent equity share capital of Meru Mobility Tech Private Limited, V-Link...
Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect
IT services firm Tech Mahindra announced the acquisition of a 100 per cent stake in Florida-based Activus Connect in an all cash deal worth $62 million. The company had revenue of $17 million for the financial year...
LIC gets RBI’s approval to increase stake in Kotak Mahindra Bank
Kotak Mahindra Bank informed the exchanges on Monday that the Life Insurance Corporation of India has received the Reserve Bank of India’s approval to increase its stake in the company up to 9.99%. Do note, as of...
Kotak Mahindra Bank completes acquisition of 10 per cent stake in KFin Technologies
Kotak Mahindra Bank on Wednesday said it has completed the acquisition of a nearly 10 per cent stake in KFin Technologies for around Rs 310 crore. In September, the bank had informed about subscribing to 1,67,25,100...