Adani Power on Friday said it has received shareholders’ approval for its Rs 3,264-crore delisting proposal. Last month, Adani Power had issued a notice for voluntary delisting of equity shares of the company from...
ICICI Bank Q1 PAT may jump 60% YoY on stake sale in insurance arms: Experts
Firming up its position as one of the strongest private players in the banking sector, ICICI Bank may clock up to 60 per cent year-on-year (YoY) growth in net profit at Rs 3,108 crore in the April-June quarter of FY21...
Govt plans to sell Bharat Petroleum Corp stake in time-bound manner
The government on Thursday decided to go ahead with the privatisation of Bharat Petroleum Corporation (BPCL) in a time-bound manner. There were speculations that the deadline for submitting the expression of interest...
Amazon in talks to pick up 9.9% stake in Reliance retail arm: Report
Amazon.com Inc is in talks to buy a 9.9 per cent stake in the retail arm of Indian conglomerate Reliance Industries Ltd, ET Now reported on Thursday, citing sources. Amazon wants a preferred, strategic stake in Reliance...
Wipro to acquire 4C for 68 mn euros, expected to be close by Sept-end
IT major Wipro on Thursday said it will acquire 4C, one of the largest Salesforce partners in the UK, Europe and the Middle East, for 68 million euros (about Rs 589 crore). Established in 1997 with its headquarters in...
M&A up 14.55 % in H120 led; Jio Platforms investments up deal value
Mergers and acquisitions (M&A) in India rose 14.55 per cent to $43.54 billion in value terms in the first half of 2020, mainly due to Reliance Industries selling stakes in its digital arm Jio platforms. Deal count...
RP-Sanjiv Goenka Group acquires 51% stake in video news app, Editorji
The RP-Sanjiv Goenka Group said on Wednesday that it has acquired a majority stake through a combination of primary and secondary transaction in Editorji Technologies Pvt Ltd, a video-based news app started by...
Godrej group hikes stake in Sobha to 10% in Q1FY21 via market purchases
Godrej Group has increased its stake in Bengaluru-based property developer Sobha to 9.99 per cent in the June quarter of this financial year, from 1.08 per cent in the March quarter of 2019-20. Privately-held Godrej...
RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors
After Facebook Inc, Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore. In a regulatory filing, Reliance said it has...
Kubota Corp gets CCI nod for acquisition of 9% stake in Escorts
The Competition Commission on Friday said it has given nod to acquisition of a little over 9 per cent stake in Escorts Ltd by Kubota Corporation, and 40 per cent stake acquisition in Kubota Agricultural Machinery India...
As Asian deals disappear, India becomes unlikely hotspot for M&A
Mukesh Ambani’s ambitious courtship of international investors has helped turn India into a rare bright spot for dealmaking in 2020, a shift that bankers say is likely to continue as the battle for the country’s digital...
IRB infra raises Rs 150 crore via NCDs on private placement basis
IRB Infrastructure Developers on Wednesday said it has raised Rs 150 crore through allotment of NCDs on a private placement basis. “This is to inform you that the management administration and share transfer...
