Indiabulls Housing Finance on Friday said it had sold a portion of its stake in OakNorth Holdings, the parent company of OakNorth Bank, for Rs 220 crore. The lender has been gradually selling its stake in the UK-based...
Tech Mahindra signs agreement to form joint venture with Sumitomo Corp
IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector, a company official said on Friday. Both...
RIL’s retail arm receives Rs 5,550 crore from private equity firm KKR
Private equity firm KKR has provided Rs 5,550-crore subscription amount for a 1.28 per cent stake in the retail arm of Reliance Industries (RIL). “Reliance Retail has received the subscription amount from Alyssum Asia...
Food delivery unicorn Zomato raises Rs 379 cr from US investor Kora
Food delivery firm Zomato has raised over Rs 379 crore ($52 million) from US-based investment firm Kora Investments. The infusion happened through Kora Investments I LLC, a company incorporated under the laws of Cayman...
Nxtra Data shares issued to Carlyle affiliated entity post CCI nod: Airtel
Bharti Airtel on Thursday said shares of its subsidiary Nxtra Data have been issued to CA Cloud Investments, an affiliated entity of Carlyle Asia Partners, following CCI nod to the recently-announced deal. On July 1...
IT company Persistent Systems to acquire Palo Alto-based Capiot
IT firm Persistent Systems on Thursday said it will acquire Palo Alto-based Capiot. Under the deal, Persistent Systems Ltd India (PSL) will acquire 100 per cent shares of Capiot Software – the Indian subsidiary of...
Adani Green transfers newly acquired Essel solar assets to TOTAL JV
Adani Green Energy in an announcement on Thursday said it has transferred its newly acquired Essel Group’s 205 megawatt (MW) solar assets to its TOTAL joint venture. The JV company has completed this transfer of the...
CCI clears acquisition of solar energy assets by Adani Green-Total Solar JV
Competition Commission of India (CCI) has approved the acquisition of various solar energy assets by a joint venture of Adani Energy and Total Solar. Adani Green Energy Twenty Three Ltd — a joint venture of Total...
Indonesia’s state Islamic bank merger to form $15 billion mega entity
Indonesia is pushing ahead with a years-long plan to merge the Islamic units of its state-owned lenders, which could form an entity with $15 billion of assets. PT Bank Mandiri, PT Bank Negara Indonesia and PT Bank...
Infosys completes acquisition of US-based firm Kaleidoscope Innovation
IT services major Infosys on Monday said it has completed the acquisition of US-based product design and development firm Kaleidoscope Innovation. On September 3, Infosys had announced that it will acquire Kaleidoscope...
PE firm PAG-led group to buy pharma firm Anjan Drug for undisclosed sum
PAG, a leading Asia-focused private equity firm, along with consortium partners CX Partners and Samara Capital, has reached an agreement to acquire a controlling stake in Anjan Drug Pvt Ltd, a Chennai-based manufacturer...
Infosys inks pact to acquire Blue Acorn iCi for around Rs 915 crore
IT services major Infosys on Thursday said it has inked a pact to acquire Blue Acorn iCi, a digital customer experience, commerce and analytics services provider, for up to $125 million (about Rs 915 crore). The move...
