Defence Acquisition Council (DAC) on Tuesday approved the capital acquisition proposals worth Rs 13,000 crore, the government said in a release. The acquisitions include various weapons, platforms and equipment systems...
Tesla rival Lucid Motors to go public in $11.8 billion blank-check merger
Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at $11.75 billion. Lucid, run by an ex...
Ashok Leyland picks 26% stake in Prathama Solarconnect for Rs 19 cr
Hinduja Group’s flagship company Ashok Leyland Ltd (ALL) has invested Rs 18.66 crore in Prathama Solarconnect Energy Private Limited, for a 26 per cent stake in the company’s paid-up share capital. Prathama...
Piramal group gets RBI approval for debt-ridden DHFL’s acquisition
The Reserve Bank of India (RBI) on Thursday cleared the Rs 34,250-crore acquisition of Dewan Housing Finance Corporation (DHFL) by the Piramal group. The Ajay Piramal-led group had outbid US-based asset management firm...
Adani Ports completes acquisition of Dighi Port Ltd for Rs 705 crore
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Dighi Port Limited (DPL) for Rs 705 crore on February 15, 2021. The company had intimated the commencement of this development to stock...
TVS Group files scheme of amalgamation involving holding companies
The $8.5 billion TVS Group on Thursday filed a composite scheme of amalgamation and arrangement involving its holding companies at the National Company Law Tribunal in Chennai. Families that run the group on December 10...
M&A deal activity in 2020 jumps 33% to $36.9 billion, says report
Deals cut by Reliance Industries helped overall mergers and acquisitions (M&As) activity grow 33 per cent in 2020 to $36.9 billion, a report has said. The number of deals came down to 357 from the 443 in 2019...
Realty firm Prestige Group partners Awfis to set up 6 co-working centres
Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore. Bengaluru...
Microsoft approached Pinterest in recent months over potential deal: Report
Microsoft Corp approached Pinterest Inc in recent months about a potential deal to acquire the $51 billion social media company, the Financial Times reported on Wednesday, citing people briefed on the matter. The...
CCI approves acquisition of Varian Medical Systems by Siemens Healthineers
The Competition Commission of India (CCI) on Wednesday said it has given nod to acquisition of 100 per cent shares and sole control of Varian Medical Systems by Siemens Healthineers. As per a combination notice filed...
PE firm Advent International acquires 51% stake in ZCL Chemicals
Private equity firm Advent International has signed a definitive agreement to acquire a majority stake in ZCL Chemicals (ZCL), one the fastest-growing pharmaceutical firms in India. The business was formerly known as...
Setback for Amazon as HC lifts status quo on $3.4 bn Future-Reliance deal
The Delhi High Court on Monday stayed its single-judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain the status quo with regard to the Rs 24,713-crore deal with Reliance Retail in a...
