India’s ICICI Securities has secured shareholders’ nod to delist its stock, the brokerage said in the early hours of Thursday, paving the way to merge with parent and majority shareholder ICICI Bank. About...
Magicrete completes process of acquisition of majority stake in Maxlite
Magicrete, which produces building product AAC Blocks, construction chemicals, and precast construction solutions, on Wednesday said it has completed the acquisition of a majority stake in Maxlite. The company did not...
JSW Energy arm inks pact to acquire Reliance Power’s wind project for Rs 132 cr
JSW Energy said that its step-down subsidiary, JSW Renewable Energy (Coated) has signed a business transfer agreement with Reliance Power to acquire a 45 MW wind project in Maharashtra for Rs 132 crore. In an exchange...
Investors greenlight Donald Trump’s $6 billion social media merger deal
Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6...
Dashmani Media Amplifies Digital Dominance with Acquisition of Crazy 4 Bollywood, Crazy 4 TV, Bachelors Society, and Purvanchal Live
Dashmani Media Private Limited has strategically broadened its portfolio in the digital entertainment sector with the acquisition of four prominent content platforms: Crazy 4 Bollywood, Crazy 4 TV, Bachelors Society...
HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila
India’s HDFC Bank said on Wednesday it has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital. The deal...
Dashmani Media Expands Digital Empire with Strategic Acquisitions of Total Filmi and Bollywood Paparazzi
Dashmani Media Private Limited is making significant strides in the digital media world with its recent acquisitions of Total Filmi and Bollywood Paparazzi, two influential content platforms. These acquisitions are a...
Ashoka Buildcon acquires stake in GVR Ashoka Chennai ORR
Ashoka Buildcon has acquired 4,91,39,970 equity shares of Rs.10/- each fully paid-up, from GVR Infra Projects held in GVR Ashoka Chennai ORR (CORR), an Associate Company, out of total 9,45,00,000 equity shares to be...
Board of Pitti Engineering approves acquisition of Bagadia Chaitra Industries
At meeting held on 11 March 2024. The Board of Pitti Engineering (PEL) at its meeting held on 11 March 2024 has approved the secondary acquisition of 100% of the equity share capital of Bagadia Chaitra Industries. The...
BSE may buy out S&P Dow Jones Indices’ entire 50% stake in joint venture
The BSE is likely to buy out S&P Dow Jones Indices’ entire 50 per cent stake in joint venture (JV) Asia Index (AIPL), an index provider. The move follows a long dispute between the two bourses over the JV...
Kedaara Capital, Partners Group sell 12.6% stake in Aavas Financiers
Kedaara Capital and Partners Group, promoters of Aavas Financiers, on Tuesday divested 12.6 per cent in the housing finance company for Rs 1,369 crore through open market transactions. Private equity firm Kedaara...
SoftBank arm SVF India pares 2.17% stake in One 97 Communications
SoftBank arm SVF India Holdings has trimmed its holding in One 97 Communications by 2.17 per cent through the sale of 13.7 million shares in the open market over the past almost one month, according to a statutory...