TVS Motor Company on Monday said its Singapore-based arm has increased stake in the Germany-based electric mobility products and components start-up Killwatt GmbH to 49 per cent with the acquisition of an additional...
Number of M&A deals in India falls 10% to 793 in 2023, says PwC report
The number of merger and acquisition (M&A) deals during 2023 dropped by 10 per cent on an annual basis to 793, said a PwC India report on Sunday. However, the total disclosed deal value for M&A declined much...
Bajaj Auto enhances stake in Yulu Bikes with Rs 45.75 cr investment
Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in the electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company’s shareholding in Yulu Bikes stands at 18.8 per...
Kilburn Engineering acquires turnkey solutions provider M E Energy
Kilburn Engineering announced on Wednesday the completion of its acquisition of M E Energy Private Limited, which specialises in waste heat recovery and waste heat reutilisation systems. The acquisition, effective...
Nirma issues bonds to fund Glenmark Life Sciences acquisition: Bankers
India’s Nirma has accepted bids aggregating to 35 billion rupees ($422 million) for a three-part shorter-tenor bonds to fund its acquisition of a 75% stake in Glenmark Pharma’s life sciences unit, three...
Flipkart in talks to potentially acquire Reliance-backed startup Dunzo
Indian e-commerce giant Flipkart has engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail. However, complexities surrounding...
CCI approves Minda Corporation’s proposed 8.79% stake purchase in Pricol
The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation’s proposed 8.79 per cent stake purchase in Pricol. Minda Corporation is in the business of manufacturing auto components...
Utkarsh Small Finance Bank proposes reverse merger with holding entity
Utkarsh Small Finance Bank, on Wednesday, informed the exchanges that post passing a resolution for a reverse merger between the holding company Utkarsh Core Invest (UCL) and the bank, the UCL board has suggested...
Vedanta’s demerger process to be completed in next 9-12 months: Official
Vedanta is working “actively” for demerger of its key businesses, including aluminium, into separate listed companies and the process is likely to be completed in next nine to 12 months, a top official of...
S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr
S P Apparels Ltd (SPAL), a leading apparel manufacturer and exporter, has signed a definitive agreement to acquire Young Brand Apparel Private Limited (YBAPL), a subsidiary of Bannari Amman Spinning Mills, for a value...
Can go to NCLT to enforce Sony merger deal after SIAC rejects petition: Zee
Zee Entertainment can ask an Indian tribunal to enforce a $10 billion merger with Sony’s Indian unit after a Singapore arbitration centre rejected an emergency petition by the Japanese company for a stay of...
Reliance, Bodhi Tree discuss 60% stake in Disney India merger talks: Rpts
Reliance is advancing talks with Walt Disney to merge its India media businesses, with the Indian firm run by billionaire Mukesh Ambani set to pick up a 51-54 per cent stake and Disney around 40 per cent, three sources...
