Bharti Infratel board will meet on Wednesday to finalise the long pending merger with Indus Towers with some renegotiations in merger valuation to the changed environment in the aftermath of the Covid-19 crisis. The...
With Jio stake sale, RIL struck more sale deals in Q1 than in last 11 years
Mukesh Ambani promoted Reliance Industries (RIL)’s $15.20 billion worth stake sale in Jio Platforms, outperforms the combined value of sale and joint venture deals the company struck in the last 11 years. According to...
Manjushree Technopack bets big on inorganic growth, eyes acquisitions
Plastic packaging company Manjushree Technopack Ltd (MTL) is betting big on inorganic growth plans as the Advent International-backed firm aims to treble the revenue to around Rs 3,000 crore over the next three years...
Milk Mantra raises $10 million from US-based DFC, gets tech package too
Milk Mantra, an Odisha-based new-age dairy food start-up, has raised $10 million (about Rs 80 crore) from US International Development Finance Corporation (DFC). DFC has also approved $371,000 (Rs 2.8 crore) in...
Mukesh Ambani nears deal to buy stake in some units of Future Group
Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group, people familiar with the matter said, a move that would bolster the e-commerce ambitions of the conglomerate...
Standard Life to sell 2.8% stake in HDFC AMC through offer for sale
Standard Life Investments, one of the promoters in HDFC Asset Management Company (AMC), is looking to offload upto 2.82 per cent stake in the company through offer for sale (OFS), which will be open on Wednesday and...
ArcelorMittal to invest Rs 2,000 cr in Odisha, says Lakshmi Mittal
ArcelorMittal’s chairman & chief executive officer Lakshmi Mittal has pledged Rs 2,000 crore investment in Odisha. Though the chief of the world’s largest steel company didn’t spell out the specifics, the...
Tata Power sells shipping assets for $212.76 mn as it seeks to pare debt
Private power producer Tata Power on Friday said it has entered into a definitive agreement for the sale of its three capsize ships, part of its shipping business, for a consideration of $212.76 million. The company...
Kedaara Capital invests Rs 567 cr in Religare’s health insurance arm
Religare Group said it had completed a transaction with Kedaara group entity, Trishikhar Ventures LLP, for investments in its health insurance subsidiary called Religare Health Insurance Company Limited (RHICL). This...
Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles
Tata Motors Ltd. (TML) has signed an agreement to purchase the 50 per cent shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV). One key reason attributed was the Covid-19 impact. JTSV will become a...
SBI knocks on NCLT’s doors to recover Rs 1,200 cr from Anil Ambani
State Bank of India has filed an application in the National Company Law Tribunal (NCLT) to recover more than Rs 1,200 crore from Anil Ambani under the personal guarantee clause of the bankruptcy law. Anil Ambani had...
Programming paltform Postman secures $150 mn funding by Insight Partners
API development platform Postman on Thursday said it has secured $150 million (around Rs 1,137 crore) in funding led by Insight Partners. The Series C round also saw previous investors, CRV and Nexus Venture Partners...
