GMR Airports Ltd on Wednesday said its subsidiary GMR Hyderabad International Airport Ltd will buy 70 per cent stake in its associate company ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. GMR Hyderabad...
Ceigall India board approves C&C Construction merger to boost infra play
Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency. Ceigall India, an infrastructure...
Movate Acquires Prescience, a Leading Data Science and AI Services Company, to Power AI-Led Enterprise Transformation
Movate, a global digital technology services provider, today announced the acquisition of Prescience, a leading firm specializing in AI, data science, and advanced analytics. This strategic acquisition represents a...
Lloyds Engineering acquires 77% stake in heavy fabrication firm Metalfab Hightech
Lloyds Engineering Works said that it has acquired a 76% stake in Metalfab Hightech for a consideration of Rs 28.41 crore, thereby strengthening its footprint in the high-growth heavy fabrication and equipment...
Hindalco to acquire coal block owner EMMRL for long-term fuel security
Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, will acquire 100 per cent of EMIL Mines and Mineral Resources Ltd. (EMMRL), which holds the mining lease for the Bandha coal block in Madhya...
Lumax Auto Technologies to acquire balance 25% stake in IAC International Automotive India
Lumax Auto Technologies has signed an agreement to acquire the remaining 25% stake in IAC International Automotive India (IAC India) from the International Automotive Components Group (IAC Group). IAC Group will...
Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches
The government plans to divest a 6.5 per cent stake in Life Insurance Corporation (LIC) of India in tranches over the next 24 months, while kicking off a slew of share sales in central public-sector enterprises (CPSEs)...
Greenko founders eye fresh deal to acquire Orix’s stake despite pullout
The founders of Indian clean energy producer Greenko Energy Holdings are still working on purchasing Orix Corp.’s stake in the company, despite the Japanese financial group’s announcement cancelling the sale, said...
Omega Hospitals acquires majority stake in Surat based 170 bed, JMX hospitals
In a significant move, Omega Hospitals, India’s second largest Oncology chain, has acquired a majority stake JMX Comprehensive Cancer Care & JMX Multi Super Speciality Hospital in Surat, Gujarat. Backed by a...
CCI clears Knowledge Realty’s acquisition of Blackstone, Sattva entities
The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust’s acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group...
Arvind to acquire 26% stake in Torrent Urja 28
To source renewable power for its captive requirement, Arvind has entered into a Share Subscription and Shareholders’ Agreement with Torrent Green Energy (Sponsor) and its subsidiary, Torrent Urja 28 (TUPL). As...
Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58...
