Competition Commission of India (CCI) on Wednesday said it has cleared the proposed acquisition of around 8 per cent stake by private equity major TPG in API Holdings. API Holdings is the parent entity of API Holdings...
Unacademy buys test prep platform NeoStencil to expand small-town presence
Betting on inorganic growth, Facebook-backed edtech unicorn Unacademy has acquired test preparation platform NeoStencil to increase its footprint in Tier II and III cities. In 2020, Unacademy has acquired Kreatryx, and...
JSL, Jindal Stainless (Hisar) boards approve merger in share swap of 1:1.95
The Boards of Jindal Stainless Limited (JSL) and Jindal Stainless (Hisar) Limited (JSHL) today approved the merger of JSHL into JSL in a share swap ratio of 1:1.95. “The merger of JSHL in to JSL will induce a simplified...
Reliance Capital raises objection to PFL stake sale by Credit Suisse
Debt-ridden firm Reliance Capital on Monday raised objection to the proposed 33.12 per cent stake sale of Prime Focus (PFL) by Credit Suisse to PFL’s promoter group at Rs 44.15 per share. Anil Ambani’s...
Apax Partners buys 3i Infotech’s software product business for Rs 1,000 cr
IT services firm 3i Infotech on Monday said that the company’s software product business has been acquired by private equity firm Apax Partner for a consideration of about Rs 1,000 crore. The deal values the software...
Start-up VoltUp partners with HPCL for battery swapping centres
Electric two and three-wheeler battery swapping solutions start-up VoltUp on Monday said it has partnered with Hindustan Petroleum Corporation Ltd (HPCL) for opening battery swapping centres. The partnership is looking...
DLF rental arm to buy Hines stake in commercial project in Gurgaon
Realty major DLF’s rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore, the company said in a regulatory filing...
Reliance to buy out IMG Worldwide from sports management joint venture
Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has agreed to buy out IMG Worldwide LLC from their sports management joint venture for Rs 52.08 crore. The nation’s biggest company by market value...
London-based Vedanta Resources raises stake in India unit to 55.1%
London-based Vedanta Resources (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. VRL bought 18.5 crore shares at a price of Rs 159.94...
Firstsource Solutions gains 5% on acquisition of PatientMatters
Shares of Firstsource Solutions traded 5 per cent higher at Rs 79 on the BSE on Wednesday after the company announced that the firm has acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions...
Embassy Reit raises Rs 3,680 cr to fund acquisition of Embassy Tech Village
Blackstone-backed Embassy Office Parks REIT (real estate investment trust) has raised Rs 3,680 crore ($501 million) through an institutional placement of its units. The proceeds from this placement will be utilised to...
Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon
Garment Mantra Lifestyle Ltd, the erstwhile Junction Fabrics & Apparels Ltd), has acquired an 83.8 per cent stake in Jannat Fabrics and Apparels Private Limited. The management is expecting to acquire 100 per cent...
