In the largest single property commercial deal in the country, Embassy Office Parks REIT — India’s first publicly listed real estate investment trust — is acquiring Embassy TechVillage’s (ETV’s) assets in Bengaluru for...
Reliance Retail buys 96% stake in Urban Ladder for over Rs 182 crore
Reliance Industries’ (RIL’s) retail arm has acquired 96 per cent stake in Bengaluru-based online furniture retailer Urban Ladder for over Rs 182 crore. The deal is expected to help Mukesh Ambani-headed RIL take on...
NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures
The National Company Law Tribunal (NCLT) has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh. A two-member Principal bench of NCLT...
Apollo to acquire IIH Healthcare stake in AGHL for Rs 410 crore
Apollo Hospitals has signed a share purchase agreement with IHH Healthcare (IHH), its JV partner in Apollo Gleneagles Hospital Limited, Kolkata (AGHL), to acquire its existing 50 per cent stake in AGHL for a cash...
CCI approves Google’s 7.7% stake acquisition in Jio Platforms
The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google’s proposed purchase of 7.73 per cent stake in Jio Platforms. In July, it was announced that Google has agreed to...
SBI board clears divestment of over 8.5% stake in UTI Trustee Company
State Bank of India (SBI) on Tuesday said its board of directors has approved to divest over 8.5 per cent in UTI Trustee Company. “The executive committee of the central board of directors of State Bank of India...
Deutsche Bank to sell IT unit to TCS, moves closer to job-cutting target
Deutsche Bank AG agreed to sell a technology services unit to Tata Consultancy Services Ltd., helping the bank move closer to Chief Executive Officer Christian Sewing’s ambitious job-cutting target. The...
HCL Corp sells HCL Tech shares worth Rs 390 cr to another promoter entity
HCL Corporation, a promoter of HCL Technologies, on Monday offloaded 45.85 lakh shares of the company for over Rs 390 crore to another promoter entity through an open market transaction. According to block deal data...
Cyient gets Australia’s FIRB clearance, acquisition of IG Partners done
IT and engineering services company Cyient on Friday said it has received nod from the Foreign Investment Review Board (FIRB) of Australia and has completed the acquisition of Australian consulting firm IG Partners. In...
Merger talks with Clix on track, says LVB even as losses widen in Q2
Troubled private lender, Lakshmi Vilas Bank (LVB) has reported widening of its net loss to Rs 397 crore in the July-September quarter (Q2) because of rise in bad loans and provisions. The bank had posted a net loss of...
SAT dismisses RIL appeal against Sebi order seeking payment of Rs 447 cr
The Securities Appellate Tribunal (SAT) has dismissed Reliance Industries’ (RIL’s) plea challenging an order passed by the Securities and Exchange Board of India (Sebi) asking the company to return Rs 447 crore...
Saudi Arabia’s wealth fund buys 2.04% stake in Reliance Retail Ventures
Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 9,555 crore ($1.29 billion) for 2.04 per cent equity stake in Reliance Industries’ (RIL’s) retail arm. This investment values Reliance Retail Ventures (RRVL) at...
