Shares of Majesco hit their 5 per cent upper limit on Monday after its promoter’s 14.78 per cent stake was bought by Aurum Ventures, a real estate firm. Shares of Majesco rose 5 per cent to end at Rs 66.6. Aurum will...
Microsoft in talks to acquire Discord for more than $10 billion: Report
Microsoft Corp is in talks to buy messaging platform Discord Inc for more than $10 billion, Bloomberg News reported, citing people familiar with the matter. Discord has reached out to potential buyers and Microsoft is...
Adani Green Energy acquires SkyPower’s 50MW solar project in Telangana
Adani Green Energy Ltd (AGEL) announced on Saturday that it has signed an agreement to purchase 100 per cent stake in Toronto-headquartered SkyPower Global’s 50MW solar power project in Telangana. With this...
Infra investment trust IndiGrid plans to raise up to Rs 5,300 cr
Infrastructure investment trust IndiGrid on Tuesday said its board of investment managers has approved a proposal to raise up to Rs 5,300 crore, including through term loans and issuance of debentures. A meeting of the...
Carlyle to sell 4% stake in SBI Cards
US-based private equity firm Carlyle Group will sell 4 per cent stake (38 million shares) in SBI Cards and Payment Services on Wednesday through block trade. The shares are being offered in a range between Rs 981.8 and...
International tech firm Startek announces $30 mn investment in CSS Corp
Startek, an international business process management firm, said it invested $30 million in CSS Corp in a limited partnership managed by its majority shareholder, Capital Square Partners. Startek will acquire both an...
India Grid to raise Rs 2,500 cr via NCD to recast debt, acquisitions
KKR-backed India Grid Trust (IndiGrid) is raising a term loan of Rs 1,500 crore, and debts of Rs 1,000 crore through non-convertible debentures (NCD) to refinance old loans and acquire power transmission assets...
Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise
Digital transformation services provider Tech Mahindra on Monday announced it has acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharmaceutical industry...
Tata Communications OFS opens Tuesday for institutional investors
Offer for sale (OFS) to divest government’s shareholding in Tata Communications, which was earlier state-owned VSNL, will open Tuesday for institutional investors. The government will sell its 10 per cent stake, with an...
Axis Bank to acquire 9.9% stake in Max Bupa Health’s promoter entity
Axis Bank will pick up a 9.9 per cent stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore to strengthen is insurance business. Axis, which is privately owned, said in a BSE...
Sequoia-backed Stanza Living in final talks to raise up to $120 mn: Report
Stanza Living, a managed accommodation provider in India, is in the final stages of sealing a deal to raise up to $120 million in a Series D round led by an Abu Dhabi based investor, two sources with knowledge of the...
BNP Paribas Cardif offloads 5% in SBI Life via open market sale
BNP Paribas Cardif, the French insurer, has sold a 5 per cent stake, or a little over 50 million shares, in private sector life insurer SBI Life for Rs 4,556.7 crore at Rs 911 a share in an open market sale. In a...
