Even as the resolution plan of Dhanuka Laboratories for the Orchid Pharma insolvency process is with the National Company Law Tribunal (NCLT), Chennai-based Accord Life Spec Pvt Ltd has told the tribunal that it is...
HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore
Mortgage lender Housing Development Finance Corporation (HDFC) will acquire controlling stake of 51.2 per cent in Apollo Munich Health Insurance for about Rs 1,347 crore from Apollo Hospitals group and few employees who...
Qatar sovereign fund likely to invest $200-250 million in Byju’s
Byju’s is closing a $200-250-million funding round from Qatar Investment Authority (QIA), the sovereign wealth fund of the West Asian nation, another proof of the home-grown education technology company’s growth...
Piramal sells entire stake in Shriram Transport for around Rs 2,300 crore
Piramal Enterprises, which owns equity stakes in three Shriram Group companies, has started the process of exiting the Chennai-based financial services group by selling its entire 9.96 per cent stake in Shriram...
Dr Lal PathLabs to buy 70% stake in a new firm to strengthen presence in MP
Diagnostic chain Dr Lal PathLabs Friday said its board has approved the acquisition of 70 per cent stake in a new company to be incorporated by Vinita Kothari and Sushila Dalal for a cash consideration not exceeding Rs...
Mahindra pick up 11.25% stake in Swiss agriculture technology firm Gamaya
Mahindra & Mahindra’s Farm Equipment Sector (FES) has acquired 11.25 per cent stake in Switzerland-based agriculture technology firm Gamaya for $4.3 million, the Indian company said in a statement on Friday. The...
HDFC says it has sold 4.22% stake in Gruh Finance for Rs 899 crore
Mortgage lender HDFC Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore. The sale of 3,10,00,000 equity...
Lendingkart raises Rs 80 crore in debt funding from Alteria Capital
Start-ups focused debt firm Alteria Capital has infused Rs 80 crore in digital lending firm Lendingkart. In a statement issued on Sunday, the Mumbai-based debt fund company said that the investment was made in the non...
Facebook makes first start-up investment in India, picks up stake in Meesho
Facebook on Thursday announced an investment in Meesho, a platform that enables Indian entrepreneurs to establish online businesses via social channels. The social media giant said it would pick up a minority stake in...
SoftBank in talks to invest $70 million in Indian e-pharmacy Medlife
SoftBank is looking at investing in Medlife, India’s largest e-pharmacy and healthcare platform by sales. Though the talks are still in early stages, the Japanese investment giant may put in $60 million-$70 million in...
FinMin wants consultants for sale of PSU assets to achieve Rs 90k cr target
The finance ministry is scouting for consultancy firms for assistance in selling land and building assets of public sector companies as it works towards achieving the stiff sell-off target of Rs 90,000 crore for 2019-20...
Operational creditors move NCLT seeking bankruptcy proceedings against Jet
In a major setback to the lenders’ revival/sale plan of the grounded Jet Airways, two operational creditors–Shaman Wheels and Gaggar Enterprises– Monday moved the NCLT seeking bankruptcy proceedings...
