Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB). As part of the RBI’s licensing...
TPG to invest $1 billion in Tata Motors’ electric vehicle subsidiary
In a boost to its electric vehicle (EV) push, Tata Motors on Tuesday closed a deal to raise Rs 7,500 crore from TPG Rise Climate and Abu Dhabi’s ADQ. This is the first major fundraising by an Indian carmaker to push...
Rupa & Co to merge subsidiary Oban Fashions with itself
Knitwear major Rupa & Co Ltd on Monday said the company will merge its wholly-owned premium brand subsidiary Oban Fashions with itself. Launched in 2018, Oban Fashions has international brands FCUK and Fruit of the...
Liberty Global to sell Poland operations to Iliad’s subsidiary
Liberty Global said it has a reached a deal to sell 100% of its operations in Poland to French telecoms firm Iliad’s Polish mobile subsidiary Play for a total enterprise value of $1.8 billion. The deal is expected to...
ICICI Lombard ceases to be ICICI Bank subsidiary post Bharti AXA merger
ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer. ICICI...
Blackstone subsidiary walks away from SOHO China buyout
Blackstone Group Inc has abandoned its $3 billion bid to take full control of SOHO China Ltd, the office developer said in a filing on Friday. The U.S. private equity giant’s investment vehicle in the deal, Two Cities...
RIL subsidiary invests Rs20 crore in startup Neolync
Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has invested ₹20 crores in equity shares of Neolync Solutions Private Limited (Neolync). A further...
Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr
After acquiring online grocery retailer BigBasket in May and online pharma products seller 1mg Technologies in June, Tata Group continues its acquisition spree, with Tata Sons announcing on Thursday its subsidiary...
Mahindra Group acquires subsidiary Hisarlar’s farm equipment unit as it reshuffles business in Turkey
Farm equipment major Mahindra and Mahindra has reshuffled its business in Turkey by acquiring the entire agriculture machinery business of its subsidiary Hisarlar while relinquishing its stake in other businesses of the...
Kotak subsidiary to acquire nearly 10% stake in financial e-learning, stock analytics firm KIPL
Kotak Mahindra Bank’s securities business subsidiary will acquire a nearly 10 per cent stake in financial technology company KIPL engaged in e-learning and stock market for a cash consideration of ₹10 crore. Kotak...
Brazil’s Embraer says subsidiary Eve in deal talks with Zanite SPAC
Brazilian planemaker Embraer SA said its subsidiary Eve Urban Air Mobility Solutions has entered merger talks with Zanite Acquisition Corp, a special purpose acquisition company (SPAC), according to a securities filing...
Jindal Steel and Power divests its subsidiary Jindal Power stake
On 26th April 2021, Jindal Steel and Power Limited (“JSPL”), a listed company on BSE and NSE announced that its Board of Directors have approved the divestment of its entire equity interest of 96.42% in Jindal Power...