Mankind Pharma is actively looking for buyouts in the biotechnology space after talks with Bharat Serums and Vaccines fell through. The company feels that a manufacturing site would be crucial for...
SoftBank sister firm to invest $4 bn in Gujarat’s renewable energy sector
SB Energy, a sister company of Soft Bank of Japan, has announced that it will invest USD 4 billion or Rs 30,000 crore in renewable energy sector in Gujarat, a state government release said on Friday. The announcement...
RBL Bank raises Rs 2,025 cr from Bajaj group, other investors
Private sector lender RBL Bank has raised Rs 2,025.27 crore from institutional investors through a qualified institutional placement (QIP). The proceeds will be used to fund business growth. In a statement, RBL...
RBSA Advisors, Deloitte transaction advisors in NEEPCO, THDCIL stake sale
The Union government has appointed RBSA Advisors as the transaction advisor for divestment of government’s 100 per cent equity stake in North Eastern Electric Power Corporation Limited (NEEPCO) to NTPC Limited. In...
Mankind Pharma eyes acquisition of biotech firms, plans new launches
Mankind Pharma is actively looking for buyouts in the biotechnology space after talks with Bharat Serums and Vaccines fell through. The company feels that a manufacturing site would be crucial for...
DP World acquires Singapore’s marine logistics provider Feedertech Group
Global trade enabler DP World on Thursday said it has acquired marine logistics provider Feedertech Group. The transaction is expected to close in the first quarter of 2020. “Unifeeder, a 100 per cent owned...
Greaves Cotton completes Ampere Vehicles acquisition via secondary purchase
Greaves Cotton today announced the completion of its acquisition of the entire shareholding of Hemalatha Annamalai in Ampere Vehicles Pvt Ltd through a secondary purchase. In the process it has taken absolute control of...
M&M buys 36.6% in Meru for Rs 44.71 cr, to appoint majority of directors
Homegrown utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it has completed acquisition of 36.63 per cent stake in Meru Travel Solutions in the first tranche as part of its Rs 201.5-crore deal...
Coca-Cola moves out of bottling ops in North India, to divest three plants
Coca-Cola has moved out of bottling operations in North India. The company announced on Wednesday Hindustan Coca-Cola Beverages (HCCB), the groups’ local bottling arm, would transfer its business operations in four...
South Indian Bank announces acquisition of 150,000 shares in KIFML
South Indian Bank has announced acquisition of 150,000 shares in asset management company Kerala Infrastructure Fund Management Ltd (KIFML), promoted by government-owned financial institution Kerala Infrastructure...
YES Bank’s $2 billion capital plan leaves shareholders in two minds
Almost a week after embattled Yes Bank Ltd. unveiled details of its plans to raise $2 billion in capital, shareholders remain unconvinced that a deal will take place. Shares of the Mumbai-based lender have fallen about...
Eris Lifesciences acquires trademark Zomelis from Novartis AG for $13 mn
Eris Lifesciences on Tuesday announced acquisition of the trademark Zomelis, for Vildagliptin-based formulations, and its associated trademarks from Novartis AG, Switzerland, for a consideration of $13 million (roughly...
