Private sector IndusInd Bank on Saturday said it has acquired 7.82 per cent stake in battery maker Eveready Industries by invoking pledged shares following loan default. The bank invoked pledge on 56,83,320 shares...
M&M eyes strategic partnership in EV biz, no Covid impact on launch plans
Homegrown auto major Mahindra and Mahindra (M&M) is looking for strategic partners for its electric vehicles business in order to further scale it up, a top company official said on Friday. The auto major, which...
UK-based private investor Actis acquires 400 MW solar projects from Acme
UK based private investor Actis acquired 400 MW solar power projects of ACME Solar Holdings ltd. The projects are located in Andhra Pradesh and Madhya Pradesh. Both Acme and Actis did not disclose the deal size. Market...
BP poised to sell ‘stranded assets’ even if oil prices rally: Report
BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the Covid-19 crash because it wants to invest more in renewable energy, three sources familiar with BP’s...
Indian Energy Exchange plans minority stake sale in gas venture: CEO
Indian Energy Exchange Ltd. is in talks with strategic investors to sell a minority stake in its fledgling gas unit. The largest electricity trading platform in India may sell as much as 49 per cent in the venture in a...
‘Challenge against acquisition of Veda Nilayam be made in civil court’
The Tamil Nadu government on Tuesday informed the Madras High Court that any challenge against its acquisition of ‘Veda Nilayam,’ the residence of late Chief Minister Jayalalithaa can only be made before the...
Munich Re sells 1.72% stake in Apollo Hospitals for Rs 383.64 crore
Munich Re has sold shares worth Rs 380 crore in Apollo Hospitals. According to BSE bulk deal data, Munchener Ruckversicherungsgesellschaft Aktiengesellschaft in Munchen (Munich Re) sold 2,397,380 shares or 1.72 per cent...
BlackRock, three others buy $1.4 billion of Bandhan Bank shares
BlackRock Inc. and Singapore’s GIC Pte. bought shares in Bandhan Bank Ltd. as the main shareholder of India’s most profitable bank sold Rs 106 billion ($1.4 billion) of its stake to meet the regulator’s ownership rules...
Bandhan Bank says meets all licensing norms with promoters’ 21% stake sale
Bandhan Bank’s promoters on Monday offloaded nearly 21 per cent stake in the bank to comply with the Reserve Bank of India’s (RBI’s) ownership rule. Bandhan Financial Holdings (BFHL), the holding company of the bank...
Siemens Healthineers to acquire Varian Medical Systems for $16.4 billion
German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion. Under the agreed...
Google to buy 6.6% stake in home security firm ADT for $450 million
Alphabet Inc’s Google is buying a 6.6% stake in home security firm ADT Inc for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said on Monday...
FB, Google eye Jio pact to expand in India; plan to take solutions global
Tech giants Facebook and Google – which have invested in Mukesh Ambani’s Jio Platforms – are keen on leveraging the partnership to cash in on the fast-growing business opportunity in India and expand...
